Press release
Industrial Generator Sets Market to grow at 7.4% CAGR by 2025
Global Industrial Generator Sets Market share by 2025 is expected to expand over 200 thousand units. Increasing demand for reliable electricity supply from real estate development, rapid industrialization, and infrastructural expansion will augment the global industrial gensets market. Growing need to expand generation capacities to cater the rising demand across several industries will complement the deployment of these units. The diverse applicability of the gensets lay in their simplicity of operations, quick response, and reliability.
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Growing frequency & intensity of weather disasters which results into prolonged power outages coupled with rampant deployment of gensets as a primary electricity source will positively influence the global industrial generator sets market. These products are deployed across multiple industries that include pharmaceuticals, automotive, construction, and mining, where the power grid supply is unavailable. Ongoing industrialization coupled with rising fund flow toward infrastructure development will boost the industry outlook.
The >375-750 kVA based industrial gensets market is set to witness a substantial upsurge on account of increasing demand from growing mining activities, most notably observed across North America. The industrial products provide an adequate solution to electric heavy-duty equipment which include excavating conveyor belts, cranes, machinery, etc. These are applicable for broad-ranging mining operations comprising meta, coal, gas, or iron mining, owing to their mobility across far-fetched mining that comprise extreme conditions.
Oil & Gas (O&G) industrial generator sets market share surpassed USD 1.5 billion in 2018. These generators form an essential part to offer continuous electricity for activities including pumping, loading, and drilling in the O&G sector. The significant installation of on-site gensets across remote locations to power enhanced drilling equipment will positively influence the product adoption.
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Prime power based industrial generator sets market is anticipated to observe growth on the account of their application in expanding infrastructure and resurgent industrialization across the developing economies. These products are majorly deployed across distant locations that include mining & construction sites, and O&G fields, which lack access to the power grid.
Diesel based industrial gensets market share is set to surpass 6% by 2025. Round the clock electricity availability and low up-front costs are the prime factors proliferating the deployment of diesel units across diverse applications. Furthermore, a considerable surge in the current industrial revolution has contributed into a significant growth in the demand of power to support the diverse industries.
Asia Pacific market share is expected to witness growth owing to lower operating costs, primarily across ASEAN counties, that are attracting investments from large manufacturing facilities, are establishing broader prospects for the installation of industrial generator sets. In addition, the region is evolving as an export hub and cost-efficient automotive production which will stimulate the industry scenario.
Eminent industry participant operating in the global industrial gensets market comprise Generac, Kirloskar Oil Engines Limited, Himoinsa, Caterpillar, Cummins, MTU Onsite, Mahindra Powerol, SDMO, Briggs & Stratton, amongst others.
Chapter 4 Global Industrial Generator Sets Market, By Power Rating
4.1 Global industrial gensets market share by power rating, 2018 & 2025
4.2 750 kVA, by region, 2014 - 2025
Chapter 5 Global Industrial Generator Sets Market, By End Use
5.1 Global industrial gensets market share by end use, 2018 & 2025
5.2 Oil & Gas
5.2.1 Global market from Oil & Gas, 2014 – 2025
5.2.2 Global market from Oil & Gas, by region, 2014 - 2025
5.3 Manufacturing
5.3.1 Global market from manufacturing, 2014 – 2025
5.3.2 Global market from manufacturing, by region, 2014 - 2025
5.4 Construction
5.4.1 Global market from construction, 2014 – 2025
5.4.2 Global market from construction, by region, 2014 - 2025
5.5 Electric Utilities
5.5.1 Global market from electric utilities, 2014 – 2025
5.5.2 Global market from electric utilities, by region, 2014 - 2025
5.6 Mining
5.6.1 Global market from mining, 2014 – 2025
5.6.2 Global market from mining, by region, 2014 - 2025
5.7 Transport & Logistics
5.7.1 Global market from transport & logistics, 2014 – 2025
5.7.2 Global market from transport & logistics, by region, 2014 - 2025
5.8 Others
5.8.1 Global market from others, 2014 – 2025
5.8.2 Global market from others, by region, 2014 - 2025
Chapter 6 Global Industrial Generator Sets Market, By Application
6.1 Global industrial gensets market share by application, 2018 & 2025
6.2 Standby
6.2.1 Global market from standby, 2014 – 2025
6.2.2 Global market from standby, by region, 2014 - 2025
6.3 Peak shaving
6.3.1 Global market from peak shaving, 2014 – 2025
6.3.2 Global market from peak shaving, by region, 2014 - 2025
6.4 Prime/continuous
6.4.1 Global market from prime/continuous, 2014 – 2025
6.4.2 Global market from prime/continuous, by region, 2014 - 2025
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Read More :
Industrial Generator Sets Market Report, Competitive Analysis 2019-2025
https://www.globenewswire.com/news-release/2019/06/04/1863839/0/en/Industrial-Generator-Sets-Market-value-to-hit-13-billion-by-2025-Global-Market-Insights-Inc.html
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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