The global generator sets market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2022-2028). The rapid growth in various end-use sectors, such as infrastructure, telecommunication, information technology (IT), and IT-enabled services, is expected further to spur the demand for generators sets in developing countries such as India. For instance, in September 2021, Bharti Airtel has announced new plans to invest roughly INR 50 billion (USD 673 million) to expand its data center operations in India to accommodate the country’s increasing customer base. Moreover, rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market.
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For instance, in August 2021, Cummins India Ltd. has unveiled its Made in India QSK60 G23: 2500-2750 kVA Diesel Generator (DG) set at its 60th Annual General Meeting held on August 2021. The Diesel Generator Set, an Integrated Power Solution, was released in India to fulfil the growing power demands of industry areas such as data centers and large-scale infrastructure projects such as airports and commercial real estate. The QSK60 – G23 genset has the best power density delivering maximum power with a small footprint. The new generator is engineered and designed to reduce downtime and lower the total cost of ownership cost-effectively and innovatively.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Capacity
o By Fuel Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Cummins Inc, Generac Holdings Inc, Wartsila Corporation, Caterpillar Inc, Kohler Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Generator Sets Market Report Segment
By Capacity
- Below 75 kVA
- 75-350 kVA
- Above 350 kVA
By Fuel Type
- Gas
- Diesel
- Others
By Application
- Standby Backup Power
- Prime/Continuous Power
- Peak Shaving Power
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Generator Sets Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Aggreko plc
- AKSA Power Generation
- Atlas Copco AB
- Briggs & Stratton Corp
- Caterpillar Inc.
- Cooper Corp
- Cummins Inc.
- Doosan Corp
- Endress Elektrogerätebau GmbH
- Generac Power Systems Inc
- Greaves Cotton Ltd.
- Himoinsa S.L.
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