Overview of the Global Market for Electric Generating Sets And Rotary Converters

Market Size for Electric Generating Sets And Rotary Converters

In 2020, the global market for electric generating sets and rotary converters decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2011 to 2020, the growth of the global market remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters

In value terms, production of electric generating sets and rotary converters declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Global production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of production of electric generating sets and rotary converters was China (X units), comprising approx. X% of total volume. Moreover, production of electric generating sets and rotary converters in China exceeded the figures recorded by the second-largest producer, the U.S. (X units), fourfold. The third position in this ranking was occupied by India (X units), with a X% share.

In China, production of electric generating sets and rotary converters remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (-X% per year) and India (+X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports

In 2020, approx. X units of electric generating sets and rotary converters were exported worldwide; picking up by X% compared with 2019 figures. In general, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, global exports reached the maximum at X units in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters rose markedly to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Global exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, China (X units), distantly followed by Germany (X units), Denmark (X units) and Spain (X units) represented the major exporters of electric generating sets and rotary converters, together making up X% of total exports. The following exporters - France (X units), India (X units), Vietnam (X units), the Netherlands (X units), Italy (X units), the UK (X units), South Africa (X units), Hong Kong SAR (X units) and Canada (X units) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and China ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of global exports. These countries were followed by the Netherlands, Spain, Italy, India, France, the UK, Vietnam, Canada, South Africa and Hong Kong SAR, which together accounted for a further X Netherlands saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports

In 2020, after two years of growth, there was significant decline in purchases abroad of electric generating sets and rotary converters, when their volume decreased by -X% to X units. Over the period under review, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, global imports reached the peak figure at X units in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters declined to $X in 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Global imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Indonesia (X units), distantly followed by South Africa (X units), the U.S. (X units), Croatia (X units) and Russia (X units) represented the main importers of electric generating sets and rotary converters, together constituting X% of total imports. Canada (X units), Poland (X units), the UK (X units), Iran (X units), Chile (X units), Switzerland (X units), Nigeria (X units) and Turkey (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Croatia (+X%), Switzerland (+X%), Iran (+X%), the U.S. (+X%), Russia (+X%), Turkey (+X%), Poland (+X%), South Africa (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. By contrast, Chile (-X%), the UK (-X%) and Nigeria (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.), Croatia (+X p.p.), the U.S. (+X p.p.), South Africa (+X p.p.), Russia (+X p.p.), Iran (+X p.p.), Switzerland (+X p.p.), Canada (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and Nigeria saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Chile ($X) and Russia ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of global imports. These countries were followed by Canada, the U.S., the UK, Nigeria, Indonesia, South Africa, Poland, Iran, Croatia and Switzerland, which together accounted for a further X the main importing countries, Croatia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Turkey ($X per unit), while Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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