Home > Energy & Power > Electrical Equipment > Generator Sets > Commercial Gensets Market
Commercial Gensets Market Size
- Report ID: GMI3759
- Published Date: May 2023
- Report Format: PDF
Commercial Gensets Market Size
Commercial Gensets Market size was valued at USD 13.7 billion in 2023 and is estimated to grow at a 7.6% CAGR between 2024 and 2032. A commercial gensets is defined as an electrical equipment comprising a generator, an engine, and other ancillaries, which produce electrical power. The product is primarily deployed to provide power in sites where grid access is unavailable and to supply emergency power during a grid failure.
The commercial generator sets market is set to witness significant growth owing to stricter environmental regulations and paradigm shift towards cleaner sources of power. These units have emerged as one of the most prevalent and strategically important solutions to address power deficits, particularly when compared to other alternative backup sources. Wide scale utilization of these units across healthcare facilities and data centers will positively sway the industry potential.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Commercial Gensets Market Size in 2023: | USD 13.7 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.6% |
| 2032 Value Projection: | USD 26.4 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 700 |
| Tables, Charts & Figures: | 1,056 |
| Segments covered: | Power Rating, End Use, Application, Fuel |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Commercial Gensets Market Scope
