Global Gensets Market size to exceed $40bn by 2030

Global Gensets Market size will surpass USD 40 Billion by 2030, as reported in the latest study by Global Market Insights, Inc.
 

Increasingly severe & recurrent chronic power disruptions on account of deteriorating weather conditions and grid inadequacy accompanied by an elevated demand for continuous power supply will stimulate the global gensets market growth. Growing demand for reliable power supply from various end-users including healthcare centers, manufacturing facilities, transportation & communication systems, datacenters, agriculture, fueling stations, and others will stimulate the product penetration.

 

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Europe gensets market size is predicted to expand over 6% by 2030. The industry growth is attributed to ongoing expansion in the data centers infrastructure and rising industrial investments. In addition, escalating commercial and construction activities across the Eastern Europe and the Nordic region will boost the industry revival. Furthermore, growing stringency of emission compliances including the proposed introduction of the EU Stage V limits will divert industry focus toward cleaner power sources including gas & dual fuel configurations.
 

U.S. Generator Sets Market Size, By Fuel, 2018 & 2030 (USD Billion)
Generator Sets Market

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Hybrid generator sets market size is anticipated to expand over 11% by 2030. Declining costs of renewable/battery technology along with continued expansion toward off-grid locations will stimulate the product deployment. Significant reduction in the costs of renewable energy generation and storage technologies will encourage manufacturers to entail hybridization of existing genset technologies with solar panels, batteries, etc.
 

Standby gensets, in 2018 held over 50% of the global gensets market revenue share. These units are primarily operated as backup power solution in events of temporary disruption in the primary grid or other main supply. Elevating load on grid supply, worsening weather-caused outages, along with increased consumer awareness toward emergency preparedness will encourage the use of standby units to a broader spectrum of end users.
 

Browse key industry insights spread across 770 pages with 1305 market data tables & 41 figures & charts from the report, “Global Generator sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Gas, Hybrid), By End-Use (Residential, Commercial {Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Hospitality, Retail Sales, Agriculture, Aquaculture), Industrial {Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), Industry Analysis Report, Regional Analysis (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), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2030in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/generator-sets-market

 

<75 kVA generator sets market is predicted to expand over 6% by 2030. These units are primarily concentrated across the residential, telecom, and small-scale commercial and industrial facilities. Increasing power failures, intensifying natural disasters and aging grid infrastructure will stimulate the adoption of these generator sets. In addition, ongoing consumer shift toward less powerful and smaller-sized units for residential usage, most notably across North America will boost demand for below 75 kVA range on account of their operational suitability and economic viability.
 

Industrial generator sets market, in 2018 was valued over USD 8 billion. These products are being increasingly deployed across multiple industries including mining, Oil & Gas, construction, as a prime source of power where the grid supply is unavailable. In addition, manufacturing industries, including automotive, pharmaceuticals, etc. deploy these units as a backup power during electrical outages to avoid equipment failures, inventory loss, or delays in scheduled deliveries.
 

Peak shaving gensets market size is predicted to grow over 7% by 2030. Growing consumer emphasis on energy savings favored by increased legislative support through several subsidized demand response programs will provide an impetus to the industry growth. Generator sets are put to use during high demand periods when the utility prices are highest in order to minimize energy costs.
 

Key industry participants operating across the global generator sets market include SDMO, Generac, Cummins, Kirloskar Oil Engines, Briggs & Stratton, Himoinsa, Mitsubishi Heavy Industries, Yamaha Motor, Caterpillar, Atlas Copco, Ingersoll-Rand C&S Electric, Escorts, Powerica, JCB, Greaves Cotton, Ashok Leyland, MTU Onsite, Wärtsilä amongst others.
 

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Global 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:

Global Gensets Market, By Power Rating

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

Global Gensets Market, By Fuel

  • Diesel
  • Gas
  • Hybrid

Global Gensets Market, By End Use

  • Residential
  • Commercial
    • Telecom
    • Healthcare
    • Data Centers
    • Educational Institutions
    • Government Centers
    • Hospitality
    • Retail Sales
    • Agriculture
    • Aquaculture
    • Others
  • Industrial
    • Oil & Gas, Manufacturing
    • Construction
    • Electric Utilities
    • Mining
    • Transport & Logistics
    • Others

Global Gensets Market, By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information is provided on a regional and country basis for the following:

  • 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
    • Saudi Arabia
    • UAE
    • Qatar
    • Turkey
    • Iran
    • Oman
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • South Africa
    • Angola
    • Kenya
    • Mozambique
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile

 

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