Generator Sets Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Global Generator Sets Market is expected to grow at over 7.7% CAGR from 2024 to 2032 driven by increasing power needs across various industries, advancements in generator technology, and a shift towards more efficient fuel options. As industrialization and urbanization surge, the demand for generator sets rises to ensure uninterrupted operations and infrastructure support. Frequent power outages and grid instability push both businesses and households to seek reliable electricity sources.

Moreover, leading companies are actively launching new products, further stimulating market growth. For example, in August 2024, Caterpillar Inc. unveiled its Fast Response G3520 natural-gas generator set, tailored for 50-Hz applications, boasting enhanced load acceptance and transient response for critical operations.

Technological advancements in generators, such as better fuel efficiency and lower emissions, are drawing in environmentally conscious consumers. The booming data center industry and the expanding renewable energy sector also bolster the demand for generator sets, vital for ensuring operational continuity. As businesses and infrastructures grow, the need for dependable and efficient power solutions intensifies.

The Generator Sets Industry categorizes its offerings based on power rating, fuel type, end-use, application, and geographical region.

Generator sets rated between >50 kVA - 125 kVA are anticipated to witness substantial growth. Their versatility caters to diverse applications, spanning industrial, commercial, and residential needs. Striking a balance between power output and fuel efficiency, these sets are particularly sought after by businesses needing reliable backup power. The escalating demand for consistent power in sectors like healthcare, data centers, and manufacturing propels this segment's growth.

Gas-powered generator sets are emerging as the preferred choice in the fuel category. Their rising popularity stems from environmental advantages and economic benefits. Gas generators emit fewer pollutants than diesel ones and offer savings through lower fuel costs and reduced maintenance. With a heightened emphasis on minimizing carbon footprints and complying with strict environmental standards, various sectors are increasingly adopting gas-powered generators.

Europe Generator Sets Market is set for significant growth between 2024 and 2032. Factors such as the region's solid infrastructure, a pressing need for dependable power solutions, and rigorous emission regulations are driving this expansion. Europe's dedication to sustainability and energy efficiency is pushing the embrace of advanced generator technologies and cleaner fuels. Furthermore, the presence of major manufacturers and substantial investments in energy infrastructure bolster the market, ensuring a consistent flow of innovative and efficient generator sets.

Product Code: 2381

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Market estimates and forecast parameters
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Landscape, 2024

4.1 Strategic outlook
4.2 Innovation and sustainability landscape

Chapter 5 Market Size and Forecast, By Power Rating (USD Million and '000 Units)

5.1 Key trends
5.2 <= 50 kVA
5.3 > 50 kVA - 125 kVA
5.4 > 125 kVA - 200 kVA
5.5 > 200 kVA - 330 kVA
5.6 > 330 kVA - 750 kVA
5.7 > 750 kVA

Chapter 6 Market Size and Forecast, By Fuel (USD Million and '000 Units)

6.1 Key trends
6.2 Diesel
6.3 Gas
6.4 Hybrid

Chapter 7 Market Size and Forecast, By End Use (USD Million and '000 Units)

7.1 Key trends
7.2 Residential
7.3 Commercial
- 7.3.1 Telecom
- 7.3.2 Healthcare
- 7.3.3 Data centers
- 7.3.4 Educational institutions
- 7.3.5 Government centers
- 7.3.6 Hospitality
- 7.3.7 Retail sales
- 7.3.8 Real estate
- 7.3.9 Commercial complex
- 7.3.10 Infrastructure
- 7.3.11 Others
7.4 Industrial
- 7.4.1 Oil and gas
- 7.4.2 Manufacturing
- 7.4.3 Construction
- 7.4.4 Electric utilities
- 7.4.5 Mining
- 7.4.6 Transportation and logistics
- 7.4.7 Others

Chapter 8 Market Size and Forecast, By Application (USD Million and '000 Units)

8.1 Key trends
8.2 Standby
8.3 Peak shaving
8.4 Prime/continuous

Chapter 9 Market Size and Forecast, By Region (USD Million and '000 Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Russia
- 9.3.2 UK
- 9.3.3 Germany
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Austria
- 9.3.7 Italy
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Australia
- 9.4.3 India
- 9.4.4 Japan
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Malaysia
- 9.4.8 Thailand
- 9.4.9 Vietnam
- 9.4.10 Philippines
- 9.4.11 Myanmar
- 9.4.12 Bangladesh
9.5 Middle East
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 Turkiye
- 9.5.5 Iran
- 9.5.6 Oman
9.6 Africa
- 9.6.1 Egypt
- 9.6.2 Nigeria
- 9.6.3 Algeria
- 9.6.4 South Africa
- 9.6.5 Angola
- 9.6.6 Kenya
- 9.6.7 Mozambique
9.7 Latin America
- 9.7.1 Brazil
- 9.7.2 Mexico
- 9.7.3 Argentina
- 9.7.4 Chile

Chapter 10 Company Profiles

10.1 Aggreko
10.2 Ashok Leyland
10.3 Atlas Copco AB
10.4 Briggs and Stratton
10.5 C and S Electric
10.6 Caterpillar
10.7 Cummins
10.8 Deere and Company
10.9 FG Wilson
10.10 Generac Power Systems
10.11 Greaves Cotton
10.12 HIMOINSA
10.13 Honda India Power Products
10.14 Huu Toan
10.15 J C Bamford Excavators
10.16 Kirloskar
10.17 Kohler Co.
10.18 Mahindra Powerol
10.19 Mitsubishi Heavy Industries
10.20 Powerica
10.21 Perkins Engines Company Limited
10.22 Rapid Power Generation
10.23 Rolls-Royce
10.24 Sterling and Wilson
10.25 Sudhir Power
10.26 Supernova Genset
10.27 Wartsila
10.28 Yamaha Motor Co.