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Industrial Generator Market Trends

Report ID: GMI3354
Published Date: Sep 2023
Report Format: PDF

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Industrial Generator Market Trends

The industrial generator sets market is estimated lucrative growth prospect over 2023 to 2032, owing to strict environmental regulations promoting energy efficiency and a heightened emphasis on cleaner energy sources. The industry is set to benefit from increasing demand for consistent and dependable power supply across various sectors such as manufacturing facilities, oil & gas, mining, and construction sites. Additionally, stringent government regulations and a shift away from frequent power outages are likely to drive industrial generator market expansion in this sector.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of industrial generator was exceeded USD 19.9 billion in 2023 and is estimated to surpass USD 37.6 billion by 2032, owing to the increasing intensity & frequency of weather-related disasters.

The manufacturing sector holds a market share of over 25% in 2022. The facilities are incorporating renewable energy sources, such as solar panels and wind turbines, in combination with traditional generators to reduce operating costs and environmental impact, driving the product adoption.

The diesel generator industry is set to surpass USD 20 billion by 2032 as these generators offer several advantages, such as scalability, flexibility, and the ability to operate regardless of weather conditions.

Deere & Company, Ashok Leyland, Greaves Cotton Limited, MITSUBISHI HEAVY INDUSTRIES, LTD., Wärtsilä, Cummins, Inc., Kirloskar, Kohler Co., Powerica Limited, Genset India Pvt Ltd., and Generac Power Systems among others.