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Commercial Gensets Market Share
- Report ID: GMI3759
- Published Date: May 2023
- Report Format: PDF
Commercial Gensets Market Share
The key industry players operating across the commercial gensets market include:
- Cummins Kirloskar
- Caterpillar
- Trane
- Yamaha Motor Co.
- Atlas Copco
- J C Bamford Excavators Ltd.
- MAHINDRA POWEROL
- Deere & Compan
- ASHOK LEYLAND
- MITSUBISHI HEAVY INDUSTRIES
- Siemens AG
- Supernova Genset
- Kohler
- Sudhir Group
- Aggreko
- Huu Toan
- Rolls-Royce
- Powerica Limited
- HIMOINSA
- Wärtsilä
- Honda Motor Co.
- FG Wilson
- Generac Power Systems
- Briggs & Stratton.
Frequently Asked Questions (FAQ) :
The market size of commercial gensets exceeded USD 13.7 billion in 2023 and is anticipated to reach over USD 26.4 billion by 2032 propelled by strict environmental regulations and a positive shift towards cleaner sources of power.
The > 50 kVA - 125 kVA segment held 10% of the market share in 2022 attributed to the continuous expansion of mobile towers to meet the growing needs of an expanding subscriber base.
The diesel segment will witness a 6.9% CAGR from 2023 to 2032 owing to the increasing need to enhance power generation capacities to meet the rising demand from commercial facilities.
North America market for commercial gensets is slated to surpass USD 2.5 billion by 2032 as a result of the escalating costs of data center outages, along with surging consumer inclination toward reliable backup power solutions in the region.
Commercial Gensets Market Scope
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