According to the report by Expert Market Research (EMR), the global industrial generator sets market size is projected to grow at a CAGR of 5.5% between 2024 and 2032. Aided by the various industrial advancements and increasing energy demand, the market is expected to grow significantly by 2032.
Industrial generator sets, commonly known as gensets, are an integral part of modern industry, providing reliable and uninterrupted power supply in cases of grid failure or in regions where grid connectivity is absent. These sets are essential in critical sectors like manufacturing, construction, mining, and healthcare, where power outages can lead to significant operational disruptions and financial losses.
The industrial generator sets market growth is primarily driven by the industrial expansion globally, especially in emerging economies where power infrastructure is still developing. As industries expand, the demand for continuous and reliable power supply increases, thus boosting the demand for industrial generator sets.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/industrial-generator-sets-market/requestsample
Another factor contributing to the market growth is the increasing frequency of power outages and grid instability in various regions, often caused by extreme weather events or aging infrastructure. In such scenarios, industrial generator sets become crucial for ensuring uninterrupted operations.
Technological advancements have also influenced the industrial generator sets market outlook. Modern generator sets are more efficient, environmentally friendly, and capable of running on a variety of fuels, including diesel, natural gas, and even renewable sources. This versatility makes them suitable for a diverse range of industrial applications.
Region-wise, Asia Pacific holds a significant share in the global market, driven by rapid industrialisation and infrastructural development in countries like China and India. The region’s booming manufacturing sector and the increasing investment in infrastructure projects have spurred the demand for industrial generator sets.
North America and Europe account for a substantial portion of the industrial generator sets market share, primarily driven by the need for backup power solutions in industries and the increasing adoption of advanced generator technologies.
In terms of trends, there is a growing focus on developing generator sets with lower emission levels, aligning with global environmental sustainability goals. Manufacturers are increasingly investing in research and development to produce gensets that are more fuel-efficient, have lower emissions, and can integrate with renewable energy systems.
Industrial Generator Sets Market Segmentation
The market can be divided based on power rating, fuel, application, end use, and region.
Market Breakup by Power Rating
- Less than 75 kVA
- 75 – 375 kVA
- 375 – 750 kVA
- Greater than 750 kVA
Market Breakup by Fuel
- Diesel
- Gas
- Others
Market Breakup by Application
- Standby
- Peak Shaving
- Prime/Continuous
- Others
Market Breakup by End Use
- Oil and Gas
- Manufacturing
- Construction
- Electric Utilities
- Mining
- Transport and Logistics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/industrial-generator-sets-market
Competitive Landscape of Industrial Generator Sets Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial generator sets market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cummins Inc.
- Kirloskar Oil Engines Limited (KOEL)
- Generac Power Systems, Inc.
- Himoinsa S.L
- Atlas Copco Group
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
