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We cannot emphasize enough the importance of electricity in today&#;s modern world. With life revolving around electricity in the 21st century, power generation infrastructures are considered national security assets in all countries.
The power generators market is worth billions and, as per the research report from Precedence Research, is expected to reach $30.9 billion by , with a CAGR (Compound Annual Growth Rate) of 6.25% from to .
With several commercial generator companies in the business, selecting the best brand can be quite challenging. To narrow your search, we&#;ve computed a comprehensive list of the top industrial generator brands in .
With their diverse range of products, cutting-edge technology, and sustainability commitment, these brands will fulfill all your power requirements.
Offering everything from natural gas and diesel engines to electric and hybrid electric power platforms, these brands are leading the way in innovative and reliable power solutions.
Founded:
Headquarters: Indiana, U.S.
Net Worth as of 22nd May : $30.67 Billion
About the Company: Cummins is a globally recognized generator manufacturing company, supplying natural gas and diesel generator sets with a power potential of 2.5kW &#; 3,500 kW. With around 73,600 employees, the company focuses on manufacturing, developing, and distributing filters, engines, and power generation equipment.
The brand operates via the following segments: Components, Distribution, New Power, and Power Systems. They offer service and product support to its customers through several dealers located across the globe.
Founded:
Headquarters: Texas, U.S.
Net Worth as of 22nd May : $110.69 Billion
About the Company: Being the world&#;s largest construction equipment manufacturer, Caterpillar offers the biggest range of diesel and natural gas generator sets specifications. Manufactured for optimal performance, their diesel generators offer 7.5 to 17,550 kVA of power potential for multiple projects.
The brand is known for providing high-quality power coupled with affordable installation and lower maintenance costs. Their generators have remarkable features like large bearing areas, hardened crankshafts, steel-backed aluminum alloy bearings, and high-strength blocks, which ensure long generator life.
Founded:
Headquarters: Brest, France.
Annual Revenue in : $5 Million
About the Company: Kohler-SDMO is the 3rd largest generator manufacturer worldwide, specializing in manufacturing, designing, and marketing portable and industrial generators of 1kVA to kVA.
With the launch of the KD series kW (@60Hz)/ kVA (@50Hz) in April , Kohler became one of the few brands to offer the most powerful diesel generator sets in the market.
Their engineers are focused on developing tailor-made power plants to meet the most specific demands of clients. The company&#;s customer service policy promises long-term operability for worldwide facilities.
Founded:
Headquarters: Clinton, Mississippi.
Annual Revenue in : $26 Million
About the Company: With over 30 years of experience, Taylor Power Systems is a premier manufacturer of generator sets for commercial, oil and gas, business, health care, industrial, transportation, telecommunications, and any prime or standby power needs.
The company engineers, designs, and manufactures high-quality power generation resources in various critical and challenging environments. They have built a solid reputation for innovation, service, and dependability.
With more than 300,000 sq. ft. of manufacturing, training, and office space, the brand has enough technical resources to develop power generators for various applications.
Founded:
Headquarters: California, U.S.
Annual Revenue in : $139 Million
About the Company: Multiquip is one of the biggest manufacturers of world-class quality solutions and products that range from light to medium construction equipment, lighting, and power generators. The brand offers a full line of highly reliable and innovative gasoline, natural gas, and diesel generators ranging from 2.3 kW to 2,000 kW.
Featuring ultra-quiet performance, unsurpassed reliability, and efficiency, their generators have set the standard in various applications. With thousands of authorized distribution partners, the company distributes its products in over 70 countries.
Founded:
Headquarters: North Carolina, U.S.
Annual Revenue in : $42.6 Million
About the Company: Doosan Portable Power (DPP) is an industry-leading manufacturer specializing in mobile generators, light towers, and air compressors. Committed to delivering high-quality and innovative power solutions, the brand is recognized for its quality, reliability, and serviceability.
The company&#;s large portable generators are equipped with various standard features coupled with customizable options for superior versatility and flexibility for every application. Their mobile generators also come equipped with customizable features to deliver optimum performance even in the harshest conditions.
Founded:
Headquarters: Wisconsin, U.S.
Net Worth as of 19th May : $7.33 Billion
About the Company: With a legacy of over 60 years, Generac is one of the oldest brands in the world, manufacturing the most environment-friendly, dependable, and efficient power equipment, including residential, industrial, portable, and commercial generators.
The brand&#;s mobile generators provide innovative solutions to streamline workflow and optimize operations for disaster response, construction, mining, and other professionals. Their power solutions for industrial applications include bi-fuel generators, gaseous generators, and diesel generators, along with controllers and transfer switches.
Now that we&#;ve discussed some of the top generator manufacturers, it is easier to identify the strengths and weaknesses of each brand. While it is essential to choose a company that meets your business requirements, always consider factors like customer support, durability, and reliability. This will ensure you invest in a long-lasting product to meet your power needs.
Contact CS Diesel Generators to know more about top generator companies. Whether Cummins, Generac, Caterpillar, or Taylor Power, grab the best deals on various premium industrial generators to power all the equipment in your business.
Discover more: Big Generators: How does it work?
While choosing the best generator company, consider the power output (measured in watts), noise level (measured in decibels (dB), fuel source (gasoline, propane, natural gas, and diesel), customer support, and price & warranty offered.
With competitive price and timely delivery, Voltgent sincerely hope to be your supplier and partner.
Kohler&#;s KD series diesel generators have huge power options of up to 4 MW for applications at gas stations, data centers, hospitals, and airports, making them one of the best Kohler generators.
The following industries, fuel types, and applications are included in Cummins&#;s comprehensive generators range:
Known for low fuel consumption, global emissions compliance, and high efficiency, Caterpillar&#;s diesel generator sets come with 6-5,720 eKW power potential. These generators are easy to install, built to world-class standards, and available in multiple options to match the client&#;s power requirements.
In this piece, we will take a look at the twelve biggest generator companies in the world. For more companies, head on over to 5 Biggest Generator Companies in the World.
The importance of electricity in the modern day world cannot be understated. Life in the 21st century is built around electricity, and power generation infrastructures of all countries are considered a national security asset due to this integrality. Initially, electricity was used only to power public and business infrastructure, but as the light bulb popularized by Thomas Edison and Joseph Swan gained popularity, people could soon light up their homes as well.
As the industry evolved, power generation switched from water or coal to other sources as well, particularly those involving hydrocarbons. Alongside, the invention of the generator took place during the same time line, and culminated in the modern day user being able to generate electricity at home simply by powering up a motor and feeding it fuel.
Today, generators are powered by a variety of fuels, such as natural gas and diesel. The market is also worth billions of dollars, and, according to a research report from Fact.MR, will be worth $32 billion by the end of this year. From then until , the industry will grow at a compound annual growth rate (CAGR) of 5.5% and sit at an estimated value of $55 by the end of the forecast period. Additionally, the research firm outlines that by end, China will be the largest generator market in the world, as it will command 22.6% of the market for a $7.3 billion share. North America and Europe will be the next two largest markets, commanding 19.9% and 16.2% shares, respectively.
Another report, this time from Fortune Business Insights, has similar estimates for the market. It outlines that the global generator sales market was worth $26.7 billion last year and it will sit at $28.5 billion as ends. From there on until , the industry will grow at a 5.8% growth rate and be worth $42.3 billion in . Fortune Business Insights believes that the growth in the urbanization of rural areas will drive this trend, and on the industry side of things, the growth in construction and oil and gas exploration will spur the demand for generators. In terms of market subcategories, the research firm shares that generators capable of generating more than 750 kVA of electricity will be the fastest growers due to technological advancements enabling greater fuel efficiency and power generation.
Today's piece will list down the largest generator companies in the world, out of which the top players are Caterpillar Inc. (NYSE:CAT), Deere & Company (NYSE:DE), and Honda Motor Co., Ltd. (NYSE:HMC).
12 Biggest Generator Companies in the World
Copyright: wihtgod / 123RF Stock Photo
Our Methodology
We took a look at the generator industry to sift out the top players and list them either by their market capitalization or the value at which they were acquired. Hedge fund sentiment for the publicly traded firms is also provided, and it comes courtesy of Insider Monkey's 920 fund survey for Q3 .
12 Biggest Generator Companies in the World
Market Value as of November 29, : N/A
Qulliq Energy Corporation is a Canadian company that is owned by the government of Nunavut. The firm is primarily an electricity provider that serves the needs of the Nunavut province. Qulliq Energy Corporation is headquartered in Nunavut, Canada.
Nunavut is Canada's largest province in Canada and it is divided into 25 communities. Qulliq Energy Corporation is responsible for providing all of these with electricity, and the firm relies exclusively on generators to meet its electricity demand. It operates 25 generation sites and all of these use generators, which then enables the firm to be flexible in meeting electricity demand as it can bring the generators online if demand is high and turn them off in the opposite case.
Qulliq Energy Corporation joins Deere & Company (NYSE:DE), Caterpillar Inc. (NYSE:CAT), and Honda Motor Co., Ltd. (NYSE:HMC) in our list of the world's biggest generator companies.
Market Value as of November 29, : $58 million (1INR = 0.012USD)
Kirloskar Electric Company Limited (NSE:KECL.NS) is an Indian electrical equipment provider. The firm sells AC generators, DC motors, AC and DC drives, uninterruptible power supply systems, alternators, and transformers. It serves the needs of industrial users, such as power generation and transportation companies. The firm is headquartered in Bengaluru, India.
Kirloskar Electric Company Limited (NSE:KECL.NS) earned INR1.1 billion in revenue for its September quarter, alongside INR215 million in net income. This was a strong set of results that enabled the firm to grow the line items by 29% and a whopping 291%, respectively. Kirloskar Electric Company Limited (NSE:KECL.NS) has a $58 million market capitalization.
Market Value as of November 29, : $1.23 billion (1EUR = 1.04USD)
Wacker Neuson SE (ETR:WAC.DE) is a German industrial company that offers several different products to companies operating in the agriculture, construction, energy, and transport industries. These include generators, trowels, pumps, heaters, excavators, and more. Wacker Neuson SE (ETR:WAC.DE) is headquartered in Munich Germany, and it is also one of the oldest companies in the world after being set up in .
Wacker Neuson SE (ETR:WAC.DE) offers smaller, portable generators as opposed to the heavy duty beasts that are operated by large manufacturers. These are designed to serve as backup equipment and run for long hours. They use Honda four stroke engines and are capable of automatically shutting off in case of low oil. Cumulatively, Wacker Neuson SE (ETR:WAC.DE) has six generators in its product portfolio, and the most powerful of these is capable of generating up to 12 kVA of power with a tank capacity of 24 liters.
Market Value as of November 29, : $2.77 billion (1GBP = 1.20USD) (Privately held)
Aggreko Plc is a British temporary power company that provides generators and other electrical products such as transformers and load banks for several different customers and use cases. These include mines, data centers, sports stadiums, manufacturing sites, and telecommunications service providers. The firm is headquartered in Glasgow, the United Kingdom.
Given the number of different sectors that Aggreko Plc provides generators for, its product portfolio consists of a lot of different products. These cover all ranges of power output, with the smallest generator providing a mere 20 kVA of power and running on diesel while the largest is capable of generating a whopping kVA and running on gas. The latter is a containerized generator, meaning that you can not simply just lug it around at will. It measures six meters in length and is 2.6 meters tall.
Aggreko Plc went private in with a value of $2.77 billion based on today's exchange rate of £1 equaling $1.20.
Market Value as of November 29, : $6.47 billion
Generac Holdings Inc. (NYSE:GNRC) is an American company that is headquartered in Waukesha, Wisconsin. The firm sells power generation equipment, electrical storage systems, and other power products. It distributes the products through dealers, electronic commerce platforms, wholesalers, and directly to consumers.
Generac Holdings Inc. (NYSE:GNRC) provides generators for both homeowners and industrial users. For the former, the firm has more than 30 different products in its portfolio, with the most expensive generator retailing for more than $30,000 and being capable of generating 150kW of power. For industrial users, Generac Holdings Inc. (NYSE:GNRC) provides both fixed and mobile generators which are capable of generating more than kW of power.
36 out of the 920 hedge funds polled by Insider Monkey for their third quarter of investments had held a stake in Generac Holdings Inc. (NYSE:GNRC).
Generac Holdings Inc. (NYSE:GNRC)'s largest investor in our database is Ian Simm's Impax Asset Management which owns 876,077 shares that are worth $155 million.
Market Value as of November 29, : $12.98 billion(1YEN = 0.USD)
Mitsubishi Heavy Industries, Ltd. (TYO:.T) is a Japanese firm that sells heavy equipment and machinery. Its products include power generation plants, fuel cells, rocket engines, gas treatment systems, and generators. The firm is headquartered in Tokyo, Japan.
Mitsubishi Heavy Industries, Ltd. (TYO:.T) has supplied more than 1,000 turbine generators for power plants all over the globe. Its products are cooled by either air, water, or hydrogen. They are capable of serving the needs of nuclear power plants and thermal power plants. The nuclear generators come under the RG-N series and have a capacity of up to 2,000 MVA.
Market Value as of November 29, : $21.53 billion
Ingersoll Rand Inc. (NYSE:IR) is an American firm that was set up in and is headquartered in Davidson, North Carolina. The firm provides lifting and air equipment, alongside generators and loading systems. It has a variety of different brands in its portfolio.
Ingersoll Rand Inc. (NYSE:IR) has sold several different generators that range from 75 kW to 200 kW. The firm's fiscal third quarter saw it post $1.5 billion in revenue and $0.62 in earnings per share, with both beating analyst estimates. Ingersoll Rand Inc. (NYSE:IR) also had $1.6 billion in orders during the quarter, a new record.
By the end of 's third quarter, 30 out of the 920 hedge funds studied by Insider Monkey had invested in Ingersoll Rand Inc. (NYSE:IR).
Ingersoll Rand Inc. (NYSE:IR)'s largest investor is Ken Fisher's Fisher Asset Management which owns 4.4 million shares that are worth $194 million.
Along with Caterpillar Inc. (NYSE:CAT), Deere & Company (NYSE:DE), and Honda Motor Co., Ltd. (NYSE:HMC), Ingersoll Rand Inc. (NYSE:IR) is one of the largest generator companies in the world.
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Disclosure: None. 12 Biggest Generator Companies in the World is originally published on Insider Monkey.
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