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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 12.7 billion in 2022 and is estimated to grow at a 7.6% CAGR between 2023 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.

 

Commercial Gensets Market

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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.

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of commercial gensets exceeded USD 12.7 billion in 2022 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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Premium Report Details

  • Base Year: 2022
  • Companies covered: 25
  • Tables & Figures: 1056
  • Countries covered: 38
  • Pages: 700
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