Generator Sets Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

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. 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.

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Market Coverage

• The market number available for - 2022-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Capacity

· By Fuel Type

· By Application

Regions Covered

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Cummins Inc, Generac Holdings Inc, Wartsila Corporation, Caterpillar Inc, Kohler Co., among others.

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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

Global Generator Sets Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

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

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