Industrial Generator Sets Market Projected To Grow And Attain The Value Of $37.31 Billion By 2032

With the addition of more companies and industries at the global and regional level, the global industrial generator sets market is USD 19.43 Billion in 2023. The market is forecast to reach USD 37.31 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.52% during the forecast period 2024-2032. A reliable power supply is one of the basic needs in various sectors such as real estate development, infrastructural expansion, and rapid industrialization. Therefore, the rising demand for consistent power supply will eventually propel the global industrial generator sets market.

Rising Demand For Consistent Electricity Supply Likely To Impel The Industrial Generator Sets Market

The increased risk of weather catastrophes across different regions of the globe may lead to prolonged interruptions. On the contrary, huge industries have been planning to deploy gensets as a primary power backup. A range of industrial sectors including pharmaceuticals, automotive, oil & gas, mining, and construction industries are deploying gensets as a primary power source, where the grid supply in inaccessible. Infrastructure development, surging investments, and quick industrialization are likely to impel the industry landscape.

The global industrial generator sets market report exhibits the all-inclusive assessment of the renowned market players that are driving the market. A few of them are Briggs & Stratton, Cummins, SDMO Industries, Kirloskar Oil Engines Limited, Powerica Ltd., Generac, Escorts Group, Himoinsa, Sterling Generators Pvt. Ltd, Atlas Copco., JCB, Caterpillar, C&S Electric, John Deere, Ingersoll-Rand PLC, Wärtsilä, Mahindra Powerol, Greaves Cotton Limited, Ashok Leyland, Supernova Gensets, MTU Onsite Energy, and Mitsubishi Heavy Industries.

To convert the highly complex analytical data into a comprehensible form, the analysts segregated the global industrial generator sets market into different segments on the basis of power rating, fuel, application, end-use, and geography. Based on the power rating, the global market is categorized into three segments: >750 kVA; 375–750 kVA; 75–375 kVA; and <75 kVA. By fuel, the market is divided into gas, diesel, and others. By application, the market is segmented into peak shaving, standby, and continuous/prime. Based on the end-use, the global market is segregated into manufacturing, electric utilities, transport & logistics, construction, oil & gas, and mining.

Significant Industrial Expansion In The Asia Pacific Likely To Drive The Market

Based on the predictions, the Asia Pacific market is set to enhance at a CAGR of around 9% by the end of 2025. The significant factor pushing the regional industrial generator sets market is the lower operating costs, owing to which the huge production and manufacturing plants are established in Asian countries.

Browse the full “Industrial Generator Sets Market By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, and >750 kVA), By End Use (Manufacturing, Oil & Gas, Energy & Power, Construction, Mining, Transport & Logistics, and Others), By Application (Standby, Peak Shaving, and Prime/Continuous), By Power Source (Diesel, Gas, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/industrial-generator-sets-market

The ZMR-published market research report segments the global industrial generator sets market as follows:

By Power Rating

• >750 kVA
• 375–750 kVA
• 75–375 kVA
• <75 kVA

By Fuel

• Gas
• Diesel
• Others

By Application

• Peak Shaving
• Standby
• Continuous/Prime

By End-Use

• Manufacturing
• Electric Utilities
• Transport & Logistics
• Construction
• Oil & Gas
• Mining

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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