Generator Sets Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global market for generator sets is projected to have a considerable CAGR of around 6.5% during the forecast period. Generator sets are equipped with an internal combustion engine. Depending on the needs and the type of fuel available, one can choose between a gasoline, diesel, or gas engine. Generator sets can add an extra layer of security in the event of brownouts or power outages and can provide a self-contained power supply in remote places off the power grid. Datacentre firms have become one of the largest consumers of electricity as a result of the widespread adoption of digital technologies. Given that data centers require billions of kilowatt-hours of electricity each year, they recommend using a generator as an emergency power source. Further, in the coming years, there will be greater demand for generator sets that can start up rapidly without disrupting surgeries, laboratories, or bench testing. As a result, hospitals have emerged as a significant end market for generator sets.

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Among capacity, the below 75 kVA capacity is estimated as dominating segment during the forecast period. Less than or equal to 75 kVA generator sets are used in commercial complexes, small-scale industries, telecom sectors, and petrol stations. These kinds of small generators are typically based on price and need rather than efficiency, as they provide emergency backup power. Unreliable and restricted power access, particularly in rural regions, has been a primary driver of high demand for low-capacity generators. The market for 0-75 kVA diesel generators is predicted to increase tremendously since they are employed in the telecom sector for backup power in grid-connected locations and as the primary power source in off-grid areas. Therefore, based on the above-mentioned factors, below 75 kVA capacity generator sets are expected to have the largest market share during the forecast period.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Generator Sets Market, By Capacity 

  • Below 75 kVA

  • 75-350 kVA

  • Above 350 kVA


Global Generator Sets Market, By Fuel Type 

  • Gas

  • Diesel

  • Others


Global Generator Sets Market, By Application 

  • Standby Backup Power

  • Prime/Continuous Power

  • Peak Shaving Power

  • Others


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World

  • Latin America

  • Middle East & Africa


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.

  • Honda India Power Products Ltd

  • Kirloskar Oil Engines Ltd.

  • Kohler Co.

  • Mahindra Powerol Ltd.

  • Mitsubishi Heavy Industries Ltd

  • MTU Onsite Energy

  • Multiquip Inc.

  • Wartsila Corp


The Report Covers

  • Market value data analysis of 2022 and forecast to 2028.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global generator sets market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying 'who-stands-where in the market.


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