Gas Fired Construction Generator Sets Market – By Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA), By Application, By Regional Outlook & Forecast, 2024 – 2032

Gas Fired Construction Generator Sets Market Size

Gas Fired Construction Generator Sets Market size in 2023 was valued at USD 825.8 million and is projected to grow at a rate of 10.2% from 2024 and 2032. Increasing infrastructure and urbanization development projects coupled with growing demand for efficient & reliable power generation units will bolster the industry landscape.
 

Stringent measures and standards pertaining to reduce carbon emissions along with integration of advanced technology systems comprising of automatic load management to enhance fuel consumption will drive product deployment. For instance, in April 2023, China's 14th Five-Year Plan highlighted the importance of prioritizing new infrastructure projects, specifically focusing on improving transportation, energy, water systems, and urban development initiatives.
 

Gas-fired construction generator sets utilize natural gas or propane as fuel to produce electricity on construction sites. Increasing integration of remote monitoring capabilities and IoT technologies in gensets enables fuel levels, real-time tracking of performance, and maintenance requirements, thereby enhancing product adoption. Additionally, the rising emphasis on cleaner fuel combined with expansion of commercial establishments will fuel the demand for construction generator sets.
 

Gas Fired Construction Generator Sets Market Trends

The industry is poised for significant growth on account of stringent government regulations and rapid expansion of infrastructure developments. Continuous construction activities including of bridges, roads, airports, dams, and essential facilities coupled with growing need for reliable power backup sources to maintain operations will complement the demand for these units. Moreover, construction sites are susceptible to power outages caused by natural disasters comprising of hurricanes, storms, and earthquakes, thereby propelling the demand for generator sets.
 

Gas Fired Construction Generator Sets Market Analysis

The > 750 kVA rated segment will exceed USD 600 million by 2032. This range of gensets are designed for large-scale operations that require substantial power to sustain critical processes and equipment during outages. Increasing economic growth & construction activities in line with surging demand for efficient and reliable power solutions to ensure uninterrupted operations will sway the business growth. Furthermore, continuous innovation to enhance generator performance, reliability, and efficiency will enhance the industry landscape.

The standby gas fired construction generator sets market size will observe significant growth at a CAGR of over 10% by 2032. The industry is poised to grow owing to an ease of operation and higher fuel efficiency. Major public and private players are investing in smart engine technologies comprising of turbocharging and electronic fuel injection to optimize fuel consumption in conjunction with growing focus to curb GHG emissions will stimulate the business landscape. Furthermore, stringent emissions regulations implemented by regulatory agencies worldwide to address environmental concerns and reduce air pollution will accelerate the industry outlook.

The Asia Pacific gas fired construction generator sets market is set to surpass over USD 900 million by 2032. The region is experiencing significant growth owing to rapid population growth and substantial investment in construction activities including bridges, roads, and industrial facilities. Rising environmental concerns and regulatory pressure are augmenting the adoption of low-emission and high-efficiency generator sets across region. Key industry players are incorporating digitalization technologies to optimize performance, enhance equipment visibility, and streamline maintenance operations, which in turn will boost the product penetration.
 

The U.S. gas fired construction generator sets market is set to witness growth on account of ongoing expansion of utilities and airports. Increasing concern over emissions and environmental impact along with paradigm shift toward cleaner energy source will complement the business growth. Supportive government policies, tax credits, and incentives programs aimed at promoting energy efficiency, clean energy, and resilience are the key factors are driving the product adoption across the country.
 

Gas Fired Construction Generator Sets Market Share

Caterpillar is engaged in the design, manufacture and sale of industrial gas turbines, mining equipment, diesel & electric locomotives, and diesel & natural gas engines. The company operates its business through three segments, resource industries, energy & transportation, and construction industries. It has various division including CAT, Solar Turbines, EMD, MaK, FG Wilson, Progress Rail, Perkins, MWM, and SEM. Caterpillar owns and operates R&D centers across the U.S., Japan, the UK, China, and India.

Gas Fired Construction Generator Sets Market Companies

The key industry players include:

• Aggreko
• Ashok Leyland
• Atlas Copco AB
• Caterpillar
• Cooper Corp.
• Cummins, Inc.
• Generac Power Systems, Inc.
• Greaves Cotton Limited
• HIMOINSA
• J C Bamford Excavators Ltd.
• Kirloskar
• Kohler Co.
• Mahindra Powerol
• Mitsubishi Heavy Industries Ltd.
• Sterling Generators Pvt. Ltd.
• Wartsila
   

Gas Fired Construction Generator Sets Industry News

• In March 2024, Caterpillar introduced the Cat DG450 natural gas genset, a low NOx power solution specifically designed for non-emergency applications in areas designated as non-attainment by the U.S. Environmental Protection Agency. This gensets is compatible with the Cat Active Management Platform, a reliable distributed energy resource management system that allows customers to monetize, monitor, and manage these natural gas gensets and other power solutions.
   
• In February 2023, Cummins launched two new natural gas powered gensets C200N6B and C175N6B. These models are built on the same reliable QSJ8.9G engine platform as the widely used C150N6 and C125N6 natural gas generators, which have gained popularity in various industrial applications. In addition, this launch has made significant market share of the company’s gas gensets portfolio.
   

The gas fired construction generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Power Rating

• ≤ 50 kVA
• > 50 kVA - 125 kVA
• > 125 kVA - 200 kVA
• > 200 kVA - 330 kVA
• > 330 kVA - 750 kVA
• > 750 kVA

Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous

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

• 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
  • Myanmar
  • Bangladesh
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile