PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535631
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535631
Gas Fired Construction Generator Sets Market size is projected to expand at 10.2% CAGR from 2024 to 2032, led by the increasing number of new product launches and ongoing technological advancements.
Manufacturers are introducing more efficient and reliable gas-fired generators to meet the evolving needs of construction sites. These generators are also equipped with advanced features, such as improved fuel management systems for enhancing control technologies and better noise reduction capabilities. For instance, in August 2022, Kirloskar Oil Engines announced the introduction of new solutions for gas power generation for enhancing the performance and efficiency of gas-fired construction generator sets to offer improved reliability for construction sites.
The overall market is segregated into power rating, application, and region.
By power rating, the gas fired construction generator sets market value from the > 330 kVA - 750 kVA segment is predicted to rise at significant rate from 2024 to 2032, owing to the rising need to address the high power demands of large-scale construction projects. With the growing construction projects in scale and complexity, several advancements are optimizing the performance and durability of these generators. Enhancements in technology are further ensuring that these high-capacity gas-fired generators meet the evolving power needs while adhering to stricter environmental regulations.
Gas fired construction generator sets industry share from the prime/continuous application segment is anticipated to grow at substantial CAGR through 2032. This is owing to the rising demand from prime and continuous power applications on construction sites. These generators provide reliable, uninterrupted power for critical operations for ensuring that construction projects run smoothly without interruptions. Moreover, advancements are enhancing fuel efficiency and operational reliability, making these generators more suitable for long-term use.
Regionally, the North America gas fired construction generator sets market size is projected to depict robust CAGR between 2024 and 2032, on account of the government incentives and the widespread availability of natural gas. Governments are offering various incentives to encourage the adoption of cleaner energy solutions including gas-fired generators. Additionally, the ongoing advancements in technology and fuel efficiency will enhance appeal of these generators for making them an increasingly popular choice for construction projects across North America.