Electric Generator Market Development: Global Experience and Ukrainian Practice

In the article the dynamics and structure of the world market of electric power generators, factors influencing its development are determined. The main suppliers and consumers of electric power generators in the world market are identified. The export orientation of the world production of electric power generators is identified. The unified methodological approach to the identification of electric power generators by commodity subheadings of the Harmonised Commodity Description and Coding System (HS) is substantiated to form an information and statistical base comparable in the international space. The article uncovers a causal and coherent relationship between rolling blackouts in Ukraine due to the Russian energy terror and indicators of development of Ukraine’s foreign trade in electric generators. It is established that the forced transition of businesses to generators had a significant impact on production costs, led to an increase in demand for fuel, a transformation of the consumption structure in favour of durable goods, a reduction in total exports and an increase in imports of petroleum products and equipment for restoring the power system. The findings of this analysis can be used as a basis for studying the macroeconomic possibilities of the potential for the development of electric generator markets in the event of economic shocks and emergency mobilisation of resources to implement the principles and mechanisms of strategic management of the formation and development of independent energy.