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Generator Sets Market Share

  • Report ID: GMI2381
  • Published Date: Jan 2023
  • Report Format: PDF
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Generator Sets Market Share

Top companies operating in the global industry are

  • Kohler Co.
  • Briggs & Stratton
  • Generac Power Systems
  • Kirloskar
  • Yamaha Motor Co.
  • Powerica
  • Sterling & Wilson
  • Cummins
  • HIMOINSA
  • Supernova Genset
  • J C Bamford Excavators

Many of these firms are focusing on new product innovations to extend their market leadership. For instance, in August 2022, Caterpillar Inc., a U.S.-based construction machinery and equipment company, launched three new standby diesel generator sets with power capacities ranging from 20 kW to 30 kW. The gensets are designed for small industrial, telecommunications, and commercial users in North America.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of generator sets crossed USD 41.6 billion in 2023 and is anticipated to grow at over 7.7% gains between 2024 and 2032, due to rapid industrialization and infrastructure investments across the globe.

The prime/continuous application segment is expected to surpass USD 24 billion by 2032, fueled by the growing demand for electricity in remote areas, and increasing government programs for rural electrification.

The Asia Pacific market is likely to grow at over 7.5% CAGR from 2023 to 2032, on account of growing investments across the manufacturing industry and the proliferation of residential and commercial spaces in the region.

Some top generator sets industry players include Mahindra Powerol, Deere & Company, Rolls-Royce, Ashok Leyland, Mitsubishi Heavy Industries, Greaves Cotton, Wärtsilä, among others.

Generator Sets Market Scope

  • Generator Sets Market Size
  • Generator Sets Market Analysis
  • Generator Sets Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 28
    • Tables & Figures: 2106
    • Countries covered: 38
    • Pages: 1258
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