Commercial Genset Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Gas, Hybrid), By End-Use (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI3759  |  Authors: Ankit Gupta, Asmita Semwal

Report Format: PDF   |   Pages: 560   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Commercial genset market was worth over USD 5 billion in 2019 and yearly installation is anticipated to grow over 500 thousand units by 2026. Ongoing construction activities, rising significance of electricity backup & emergency preparedness amongst consumers, and limited availability of power in remote & off grid locations will drive the market scenario.
 

Increasing government focus toward sustainability along with introduction of norms to limit the dependency on fossil fuels is anticipated to favor the commercial gensets demand. Uncertain weather conditions and rising frequency of natural disasters followed by voltage fluctuations is leading to increased power cuts and outages. Therefore, augmenting need for continuous power supply and availability of suitable gensets for each application area will fuel the commercial genset market outlook.
 

Commercial Genset Market Statistics

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Ongoing technological advancement in IT sector and rapid digitalization will encourage the demand for persistent electricity, thus strengthening the market scenario. The sudden outbreak of COVID-19 followed by nationwide lockdown & curfews implemented across the major economies has brought the overall market to a standstill. The move was globally initiated after WHO declared the virus spread as pandemic & a global health threat, thereby challenging the commercial genset market landscape.
 

Commercial Genset Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 5.9 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.0% 2026 Value Projection: 8.4 Billion (USD)
Pages: 560 Tables, Charts & Figures: 957
Geographies covered (36): U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Brazil, Mexico, Argentina, Chile
Segments covered: Power Rating, Fuel, End-Use, Application
Companies covered (25): Kirloskar Oil Engines, Briggs & Stratton, SDMO, Generac, Yamaha Motor, Powerica, Escorts Group, Himoinsa, Caterpillar, Ingersoll-Rand, Atlas Copco, C&S Electric, JCB, Mahindra Powerol, MTU Onsite, John Deere, Ashok Leyland, Mitsubishi, Wärtsilä, Siemens, Supernova, Sudhir Power, Kohler, Aggreko, Huu Toan Group
Growth Drivers:
  • Increasing intensity & frequency of weather-related disasters
  • Escalating data center outage costs
  • Growing demand for uninterrupted power supply
  • Expansion of the datacenter industry
  • Favorable regulatory policies to boost investment
  • Burgeoning expansion in the telecom sector
  • Unreliable grid infrastructure coupled with rapid population growth
Pitfalls & Challenges:
  • High capital, installation & maintenance costs

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Rapid development towards digitalization will augment the commercial gensets portfolio

Commercial Genset Market by Power Rating

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>750 kVA rating, in 2019, contributed to over 19% of the overall market share. Urgency to cater to COVID-19 patients across the globe is stimulating the need for continuous power backup in health centers. Moreover, rising costs of data center outages & downtimes have imparted a guiding force for the wide scale commercialization and product adoption.
 

Weather severity and unavailability of electricity in remote locations and off grid areas will lead to the deployment of 75-375 kVA commercial gensets. Ongoing R&D activities along with development pertaining to digitalization and monitoring control system will stimulate the commercial genset market value. Strengthening of consumer propensity and awareness toward reliable & affordable standby power solutions are largely instrumental for accelerating the commercial gensets deployment.
 

Longer life span and better performance when compared to available alternatives will drive the diesel commercial gensets market analysis

Diesel gensets, in 2019, accounted for over 60% of global market share. Government inclination towards adoption of cleaner fuel has led to the formulation of strict emission laws that may limit the commercial gensets installation. However, cost efficiency, increased life span, and reliable and flexible engine performance are some of the major features contributing towards the accelerating usage of these gensets.
 

Rising funding by international and local government toward the development of educational institutions and healthcare centers will propel the hybrid commercial genset market forecast. The Government of UK, in 2019, introduced a norm to reduce global emission by 45% by 2030 when compared to 2010 levels. Thus, implementation of strict norms along with rising emphasis on sustainability will drive the market scenario.
 

Frequent power interruption for confined livestock will drive the agriculture commercial gensets industry

Commercial Genset Market by End Use

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Agriculture sector is anticipated to grow over 9% through 2026. The soaring power interruption is creating catastrophic situation for livestock in agricultural farms thereby, positively influencing the demand for off utility generators. Moreover, expansion of intensive high-volume confined production farms, most notably for poultry will drive the commercial gensets market demand in the forecast timeframe.
 

The world is currently facing health crisis and alarming increase of COVID-19 patients is resulting in surging demand for robust construction activities including the development of hospitals and healthcare establishments. These activities are driven by an elevation in construction spending thereby strengthening the commercial gensets market penetration.
 

Power utilities providing load shedding period due to accelerating electricity demand will fuel market share

Peak shaving application will grow as a result to increasing electricity usage following which the power utilities are striving to provide load shedding periods. These commercial gensets are deployed when there is a limitation on the amount of electric power that can be drawn from the grid. The units typically operate as the prime source of power for an extended time period. Growing acceptance towards work from home and development of data centers to supply continuous power will strengthen the commercial genset market statistics.
 

Standby commercial gensets accounted for over 50% of the global market share in 2019. Weather unpredictability leading to power cuts or outages coupled with rising consumer awareness regarding backup solutions will drive the commercial genset market growth. Moreover, presence of robust distribution channels and networks amplifying the ease of access to backup units will complement the product installation.
 

Asia Pacific commercial gensets industry is anticipated to witness growth owing to ongoing expansion of retail complexes

Commercial Genset Market by Region

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In Asia Pacific, China, Japan, South Korea and India contributed over 60% of the market share in 2019. The expansion of commercial & retail complexes has significantly corresponded to an increased demand for consistent power supply across the countries. Moreover, several Southeast Asian countries including Indonesia are witnessing a large-scale development of data centers and digitization, imparting an impetus to the commercial genset market expansion.
 

For Europe, Germany will experience an upsurge owing to rising regulatory inclination toward the adoption of standards & policies to effectively address power outages. The environmental and emission compliances including proposed introduction of the EU Stage V limits will further play an influential role in the commercial genset market landscape. Additionally, private and public players are making huge investments to integrate technologies and cloud-based applications into commercial establishments.
 

R&D investments along with market expansion will act as a crucial point for participants

Growing R&D investments coupled with technological collaborations by leading market participants will positively influence the industry potential. In addition, manufacturers are implementing strategies including expansions, capacity mergers & acquisitions, new commercial gensets launches and partnerships & collaborations to maintain competitive advantage.
 

Eminent players operating across the commercial genset industry include Caterpillar, JCB, Aggreko, Cummins, Powerica Ltd., Kirloskar Oil Engine limited, Himoinsa, Briggs & Stratton, Generac, Atlas Copco, John Deere, Escorts Group, Yamaha, Motors Pvt. Ltd, Wärtsilä, MTU Onsite Energy, and Ashok Leyland amongst others.
 

Commercial genset market report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2015 to 2026, for the following segments:

 

By Power Rating

  • <75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • >750 kVA

By Fuel

  • Diesel
  • Gas
  • Hybrid

By End Use

  • Telecom
  • Healthcare
  • Data Centers
  • Educational Institutions
  • Government Centers
  • Hospitality
  • Retail Sales
  • Agriculture
  • Aquaculture
  • Others

By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information has been provided for the following regions and country:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • UK
    • Germany
    • France
    • Spain
    • Austria
    • Italy
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
    • Philippines
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Turkey
    • Iran
    • Oman
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • South Africa
    • Angola
    • Kenya
    • Mozambique
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
       

Frequently Asked Questions (FAQ) :

The commercial Genset market in 2019 was over USD 5 billion and the annual installation is expected to grow more than 500 thousand units through 2026.
In 2019, diesel Genset accounted for more than 60% of the global market share. Cost efficiency, increased life span and flexible and reliable engine performance will contribute towards stimulating the use of diesel gensets.
The global commercial Genset industry share from agriculture segment may experience 9% CAGR through 2026, given the expansion of intensive high-volume limited production farms for poultry.
South Korea, India, Japan, and China, in the Asia Pacific, contributed more than 60% of the market share in 2019. The extension of retail and commercial complexes has created a demand for consistent power supply in the region.

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Premium Report Details

  • Published Date: Sep 2020
  • Pages: 560
  • Tables: 910
  • Charts / Figures: 47
  • Companies covered: 25
  • Countries covered: 36

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