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Commercial Standby Generator Sets Market Share
- Report ID: GMI4447
- Published Date: May 2023
- Report Format: PDF
Commercial Standby Generator Sets Market Share
The key industry players operating across the commercial standby generator sets market include:
- Cummins,Inc
- Kirloskar
- Briggs & Stratton
- Kohler
- Generac Power Systems
- Yamaha Motor
- Powerica Ltd.
- Escorts Group
- Himoinsa
- Caterpillar
- Atlas Copco
- J C Bamford Excavators
- Mahindra Powerol
- Rolls-Royce
- Ashok Leyland
- Wärtsilä
Frequently Asked Questions (FAQ) :
The market size of commercial standby generator sets was reached USD 6.6 billion in 2023 and is estimated to surpass USD 13.1 billion by 2032, due to rising deployment in emergency situations, particularly in power outages.
< 75 kVA rated commercial standby generator sets market share is poised to depict 7.7% CAGR from 2023 to 2032, owing to wide scale utilization across telecom, hospitality, retail sales, and other small scale commercial facilities.
The diesel fuel segment held more than 65% of the market share in 2022, due to the growing need for scalability, prompt response, flexibility, and ability to operate independently of weather conditions.
North America market share will exceed USD 1.2 billion by 2032, owing to the increasing costs associated with data center outages.
Commercial Standby Generator Sets Market Scope
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