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Commercial Gensets Market Size

Report ID: GMI3759
Published Date: Jul 2024
Report Format: PDF

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Commercial Gensets Market Size

Commercial Gensets Market was valued at USD 13.7 billion in 2023 and is estimated to grow at a CAGR of 7.6% between 2024 and 2032. These units have become one of the most common and strategically significant solutions to address power shortages, especially when compared to other backup alternatives.

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Commercial gensets are essential backup power solutions for businesses and industries, ensuring uninterrupted operations during power outages. These robust systems combine an engine and an alternator to generate electricity, providing reliable energy when the main power grid fails. They are designed to automatically detect power loss and start up within seconds, minimizing downtime and potential revenue loss. It offers enhanced fuel efficiency, reduced emissions, and integration with smart monitoring systems, making them a vital component in maintaining business continuity and operational resilience.

Commercial Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2023
Commercial Gensets Market Size in 2023:	USD 13.7 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.6%
2032 Value Projection:	USD 26.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	150
Tables, Charts & Figures:	54
Segments covered:	Power Rating, Fuel, End Use, Application & Region
Growth Drivers:	Expansion of the data center industry and its mounting outage cost Surging requirement for continuous power supply Increasing investments across the commercial sector Rapid population growth and demand for reliable grid infrastructure
Pitfalls & Challenges:	High overall product cost

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial gensets was reached USD 13.7 billion in 2023 and is estimated to grow at 7.6% CAGR through 2032, owing to the increasing investments across the commercial sector.

The diesel segment in the commercial gensets market will witness over 6.5% CAGR during 2024 to 2032, due to the rising demand for uninterrupted power in remote and off-grid locations.

Asia Pacific commercial gensets market size is set to surpass USD 15 billion by 2032 led by the implementation of favorable government policies.

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