Commercial Standby Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Natural Gas, Others), By Application (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2030

Published Date: Nov 2019  |  Report ID: GMI4447  |  Authors: Ankit Gupta, Asmita Semwal

Report Format: PDF   |   Pages: 460   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Commercial Standby Generator Sets Market size was valued over USD 3 billion in 2018 and annual installation is anticipated to exceed 400 thousand units by 2030.
 

Commercial Standby Generator Sets Market

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Standby generator sets are commonly deployed in emergency situations, majorly during an electrical outage. These are ideal for applications having a reliable continuous power source, such as a utility supply. These gensets have gained the most prevalent and strategic importance to address the unavoidable power deficits amongst several other alternative backup sources which is driving the market growth. The potential use of these units has experienced a significant transition from being a supplementary power source to an indispensable necessity across a wide multitude of applications. In addition, growing demand for continuous and reliable power supply from various end-users including healthcare facilities, data centers, and others will stimulate the product adoption. Moreover, the market forecasts & estimates are in line with data represented by authorities including the IEA, DOE, CPSE, government regulatory bodies and, company press releases.
 

Commercial Standby Generator Sets Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 3.2 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2030
Forecast Period 2019 to 2030 CAGR: 6.9% 2030 Value Projection: 7.0 Billion (USD)
Pages: 460 Tables, Charts & Figures: 756
Geographies covered (37): 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, Application
Companies covered (20): Cummins, Kirloskar, Briggs & Stratton, SDMO Industries, Generac, Yamaha, Powerica, Escorts Group, Himoinsa, Caterpillar, Ingersoll-Rand, Atlas Copco, C&S Electric, JCB, Mahindra Powerol, MTU Onsite Energy, John Deere, Ashok Leyland, Mitsubishi and Wärtsilä.
Growth Drivers:
  • North America
    • Increasing intensity & frequency of weather-related disasters
    • Escalating data center outage costs
    • Growing demand for uninterrupted power supply
  • Europe
    • Expansion of the datacenter industry
    • Favourable regulatory policies to boost investment
  • Asia Pacific
    • India : Burgeoning expansion in the telecom sector
  • Africa
    • Unreliable grid infrastructure coupled with rapid population growth
Pitfalls & Challenges:
  • High capital, installation & maintenance costs
  • Shifting trends toward renewable power generation

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<75 kVA units witnessing an ongoing consumer shift toward smaller and less powerful units

The <75 kVA power rating units will grow on account of intensifying natural disasters, increasing power failures and aging grid infrastructure. Ongoing consumer shift toward smaller and less powerful units on account of their economic viability & operational suitability will complement the business scenario. Growing dependency of businesses and industries on digitization & information technologies will drive the demand for continuous and uninterrupted power supply. Moreover, strengthening of the consumer propensity and rising awareness toward reliable & affordable backup power solutions is set to accelerate the deployment of these systems to a wider spectrum of users. Elevating expenses of data center outages & downtimes is one of the key factors further stimulating the deployment of standby gensets.
 

Demand for low emission and sustainable units driving the installation of natural gas commercial standby generator sets industry size

Natural gas commercial gensets market size will witness growth owing to rising awareness toward environment sustainability accompanied by introduction of stringent government regulations to limit the use of diesel. Ongoing expansion in the demand for unconventional natural gas resources and tightening emission regulations will significantly drive the product adoption. Moreover, increasing number of countries seeking to exploit the unconventional natural gas resources is anticipated to encourage the business growth. These developments will materialize on a longer term as several developing countries are still dependent on diesel units for basic power needs. However, expanding LNG infrastructure coupled with growing availability of natural gas favored by ongoing shale gas boom will strengthen the industry expansion.
 

Increasing power interruptions boosting the agriculture industry growth

Nigeria Commercial Standby Generator Sets Market Share, By Application, 2018 (USD Million)
Nigeria Commercial Standby Generator Sets Market Share, By Application, 2018 (USD Million)

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Increasing adoption of off-utility generator systems to avoid the catastrophic consequences for the confined livestock due to power interruptions will drive the agriculture commercial standby gensets market demand. The farms and other affiliates of the agricultural sector is witnessing a rising demand for a reliable backup power source during power outages. Some of the key applications include powering dairy refrigeration systems, farm pumps, pivot irrigation systems, and lighting. The expansion of the intensive high-volume confined production farms, most notably for poultry, is projected to encourage the business landscape. In addition, the presence of robust distribution channels & networks have amplified the ease of access to backup power units which in turn will boost the product installation.
 

Asia Pacific set to dominate the regional market share

Asia Pacific Commercial Standby Generator Sets Industry Size, By Fuel, 2030 (USD Million)
Asia Pacific Commercial Standby Generator Sets Industry Size, By Fuel, 2030 (USD Million)

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Rapid industrialization coupled with positive outlook toward commercial sector growth is anticipated to drive the Asia Pacific commercial standby generator sets market size. The region is characterized by the presence of a robust service sector, growing urbanization and limited access to electricity. Development of new business centers across the region is fueling the installation of backup power systems which in turn is set to propel the product adoption. In addition, ongoing investments aimed toward expansion of telecom infrastructure along with frequent power failures across the region will augment the regional market outlook. Moreover, increasing purchasing power of consumers along with growing technological advancements are some of the paramount factors favoring the product deployment.
 

Development of robust distribution channels acting as the focal point of industry participants

There is a high level of forward distribution prevailing between manufacturers & installers. Distributors and manufacturers deliver finished product to installers who are responsible for providing after sales services to end consumers. In addition, key market players are focusing toward backward integration by manufacturing key components to ensure economies of scale, maintain quality standards and increase their market share across the industry. Major participants comprise of Cummins, Kirloskar, Briggs & Stratton, Generac, Yamaha, Himoinsa, Caterpillar, Ingersoll-Rand, Atlas Copco, JCB, Mahindra Powerol, MTU, John Deere, Ashok Leyland, Mitsubishi and Wärtsilä amongst others.
 

Commercial Standby Generator Sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2014 to 2030, for the following segments:

By Power Rating

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

By Fuel

  • Diesel
  • Natural Gas
  • Others

By Application

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

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

  • 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 & Africa
    • 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) :

Increasing stringency in environmental compliances, cost reduction, energy efficiency and focus on cleaner sources will be key driving factors for the growth of the global market.
The global industry for commercial standby gensets will achieve over 6.9% CAGR from 2019 to 2030, as estimated by GMI.
North American region will dominate the revenue and is set to achieve over 4% CAGR up to 2030, driven by increasing investments toward the development and expansion of data centers along with intensifying costs of their downtimes.

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