Product Code: ETC022847 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore is one of the leading countries in South East Asia for electric generator sets market. It has a robust and reliable power infrastructure, with over 95% of its population having access to electricity. The Singapore government promotes investments in energy efficiency technologies such as smart grids and renewable energy solutions that will reduce the country???s dependence on fossil fuels. Additionally, Singapore electrical grid system is very efficient due to its ability to transfer power from one location to another with minimal losses through high-voltage lines or subsea cables. This ensures that generators are able to produce electricity at a more cost-effective rate compared to other countries, making them an attractive option for businesses looking for reliable sources of power generation.
Growing demand for emergency backup - As consumers become increasingly reliant on technology such as computers, tablets & smartphones; there is an increasing need for emergency backup systems which can provide uninterrupted power supply when regular sources fail due to unforeseen events like natural disasters or technical failures ETC Electrical generators make it possible by providing reliable back up during these times thus creating a potential growth opportunity in this region.High disposable income - With the rise of salaries and wages amongst citizens living in Singapore coupled with strong economic growth in recent past; people have higher purchasing capacity than ever before making them more likely purchase larger sized electric generator sets which can meet their needs better while also offering greater reliability & features than what smaller units offer.Policy Support ??? The Singapore Government provides incentives & subsidies towards installation/upgrade costs associated with electrical generator set installations helping businesses save costs further boosting the adoption rates amongst various end users across different industries.
High prices - Electric Generator Sets may be expensive depending on size and features offered , which makes it difficult especially for SMEs who do not have enough capital reserves required for such purchases.Low awareness about benefits - There could be low awareness among customers regarding use cases & advantages offered by installing Electric Generators hence resulting into a lower adoption rate among target customer segments.
The Singapore electric generator sets market is highly competitive with the presence of some of the leading generators manufacturers such as Cummins, Caterpillar, Wartsila and MTU. These companies are focusing on introducing advanced technologies in their products to meet customer demands and capture a larger share in the industry. Other prominent players operating in this market include Kohler Co., Generac Power Systems Inc., GE Jenbacher, Aggreko plc and Atlas Copco AB. These key players are adopting various strategies like product launches, mergers & acquisitions, partnerships and collaborations to stay ahead of competition.
Due to Covid 19 pandemic lockdowns around world along side global economic slowdown ; many companies had stopped operating impacting sales within this industry significantly however post unlocking phases we have seen some recovery happening with increased orders being placed from industrial sectors helping boost overall revenues within this domain.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Electric Generator Sets Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Electric Generator Sets Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Electric Generator Sets Market - Industry Life Cycle |
3.4 Singapore Electric Generator Sets Market - Porter's Five Forces |
3.5 Singapore Electric Generator Sets Market Revenues & Volume Share, By Rated Capacity, 2020 & 2030F |
3.6 Singapore Electric Generator Sets Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Singapore Electric Generator Sets Market Revenues & Volume Share, By Fuel Source, 2020 & 2030F |
3.8 Singapore Electric Generator Sets Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.9 Singapore Electric Generator Sets Market Revenues & Volume Share, By End Users, 2020 & 2030F |
4 Singapore Electric Generator Sets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Electric Generator Sets Market Trends |
6 Singapore Electric Generator Sets Market, By Types |
6.1 Singapore Electric Generator Sets Market, By Rated Capacity |
6.1.1 Overview and Analysis |
6.1.2 Singapore Electric Generator Sets Market Revenues & Volume, By Rated Capacity, 2020-2030F |
6.1.3 Singapore Electric Generator Sets Market Revenues & Volume, By Less than 125 MVA, 2020-2030F |
6.1.4 Singapore Electric Generator Sets Market Revenues & Volume, By 125-300 MVA, 2020-2030F |
6.1.5 Singapore Electric Generator Sets Market Revenues & Volume, By 300-700 MVA, 2020-2030F |
6.1.6 Singapore Electric Generator Sets Market Revenues & Volume, By 700-1000 MVA, 2020-2030F |
6.1.7 Singapore Electric Generator Sets Market Revenues & Volume, By Above 1000 MVA, 2020-2030F |
6.2 Singapore Electric Generator Sets Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Electric Generator Sets Market Revenues & Volume, By AC Generator, 2020-2030F |
6.2.3 Singapore Electric Generator Sets Market Revenues & Volume, By Stationary Field Synchronous, 2020-2030F |
6.2.4 Singapore Electric Generator Sets Market Revenues & Volume, By Rotating Field Synchronous, 2020-2030F |
6.2.5 Singapore Electric Generator Sets Market Revenues & Volume, By Permanent Magnet, 2020-2030F |
6.2.6 Singapore Electric Generator Sets Market Revenues & Volume, By Variable/Switched Reluctance, 2020-2030F |
6.2.7 Singapore Electric Generator Sets Market Revenues & Volume, By Induction Generators, 2020-2030F |
6.2.8 Singapore Electric Generator Sets Market Revenues & Volume, By Others, 2020-2030F |
6.2.9 Singapore Electric Generator Sets Market Revenues & Volume, By Others, 2020-2030F |
6.3 Singapore Electric Generator Sets Market, By Fuel Source |
6.3.1 Overview and Analysis |
6.3.2 Singapore Electric Generator Sets Market Revenues & Volume, By Diesel Generators, 2020-2030F |
6.3.3 Singapore Electric Generator Sets Market Revenues & Volume, By Gas Generators, 2020-2030F |
6.3.4 Singapore Electric Generator Sets Market Revenues & Volume, By Others , 2020-2030F |
6.4 Singapore Electric Generator Sets Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Singapore Electric Generator Sets Market Revenues & Volume, By Standby, 2020-2030F |
6.4.3 Singapore Electric Generator Sets Market Revenues & Volume, By Continuous, 2020-2030F |
6.4.4 Singapore Electric Generator Sets Market Revenues & Volume, By Portable, 2020-2030F |
6.5 Singapore Electric Generator Sets Market, By End Users |
6.5.1 Overview and Analysis |
6.5.2 Singapore Electric Generator Sets Market Revenues & Volume, By Commercial, 2020-2030F |
6.5.3 Singapore Electric Generator Sets Market Revenues & Volume, By Residential, 2020-2030F |
6.5.4 Singapore Electric Generator Sets Market Revenues & Volume, By Industrial, 2020-2030F |
7 Singapore Electric Generator Sets Market Import-Export Trade Statistics |
7.1 Singapore Electric Generator Sets Market Export to Major Countries |
7.2 Singapore Electric Generator Sets Market Imports from Major Countries |
8 Singapore Electric Generator Sets Market Key Performance Indicators |
9 Singapore Electric Generator Sets Market - Opportunity Assessment |
9.1 Singapore Electric Generator Sets Market Opportunity Assessment, By Rated Capacity, 2020 & 2030F |
9.2 Singapore Electric Generator Sets Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.3 Singapore Electric Generator Sets Market Opportunity Assessment, By Fuel Source, 2020 & 2030F |
9.4 Singapore Electric Generator Sets Market Opportunity Assessment, By Application, 2020 & 2030F |
9.5 Singapore Electric Generator Sets Market Opportunity Assessment, By End Users, 2020 & 2030F |
10 Singapore Electric Generator Sets Market - Competitive Landscape |
10.1 Singapore Electric Generator Sets Market Revenue Share, By Companies, 2023 |
10.2 Singapore Electric Generator Sets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |