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Generator Sets Market Trends, Companies, Driver, Segmentation, Forecast to 2030

New research report on Generator Sets market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Generator Sets market also includes an in-depth study of the industry's competitive scenario.

Global gensets market will witness robust growth on account of increasing investments across the commercial and construction sector. Rapid urbanization and limited grid infrastructure across the underdeveloped and developing nations will favor the product deployment. For instance, as per the World Bank, in 2016, only 44% population across sub-Saharan Africa had access to electricity.

>750kVA generator sets market will witness gains over 6% by 2030. Increasing demand for uninterrupted power across SEZs and industrial facilities to effectively run the business operations will drive the technology demand. In addition, high costs associated with datacenters downtimes and outages will further favor product installation.

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Global Generator Sets Market is anticipated to exceed USD 40 billion by 2030. Increasing frequency of power outages on account of extreme weather conditions coupled with growing importance of emergency preparedness solutions will stimulate the product demand. Mining, oil & gas, construction, and equipment manufacturing companies are some of the key industrial end consumers which are extensively deploying these units to provide backup power.

Generator Sets Market Trends, Companies, Driver, Segmentation, Forecast to 2030
Generator Sets Market Trends, Companies, Driver, Segmentation, Forecast to 2030

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Industrial generator sets market was valued over USD 8 billion in 2018. Inadequate grid infrastructure coupled with growing adoption of backup power to avoid inventory losses and equipment failures will drive the product demand. In addition, shifting trends toward the relocation of oil & gas activities at remote locations will further boot installation of these units over the forecast timeline.

Rising consumer awareness toward power backup solution along with increasing load on grid supply will drive the standby generator sets market growth. These gensets are primarily deployed in the event of a disruption in primary power supply or the utility grid. Increasing demand for electricity coupled with growing rate of power outages will further enhance the industry landscape.

Gas gensets market will witness strong growth on account of growing concerns over fossil fuel consumption coupled with adoption of stringent environmental mandates aimed toward curbing emission levels. High efficiency, cost effectiveness and low emission levels are some of the prominent features favoring the deployment of these units over other available alternatives.

U.S. generator sets market will witness growth on account of declining resilience and increasing vulnerability of the grid infrastructure to weather related disruptions. Increasing frequency and strength of storms, mostly occurring during yearly Atlantic hurricane season, will enhance product adoption. For instance, in 2017, due to hurricane Harvey, over 10GW of power generation capacity in Texas witnessed forced outages with considerable damage to the electrical infrastructure.

Hybrid gensets market is set to witness growth over 10% by 2030. Ongoing expansion across off-grid locations along with declining costs of battery technology & renewable energy will stimulate the adoption of these systems. Furthermore, adoption of stringent environmental mandates pertaining to air pollution will enhance the product demand.

Major Highlights from Table of contents are listed below for quick lookup into Generator Sets Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Generator Sets Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Generator Sets Market Statistical model and forecast
  • Industry insights and validation
  • Generator Sets Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Generator Sets industry 360º synopsis - 2025
  • Generator Sets Business trends
  • Region trends

Chapter 5. Generator Sets industry Insights

  • Generator Sets Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Generator Sets Market Growth potential analysis

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