Increasing Energy Consumption Across The Globe: A Key Catalyst Accelerating Gas Generator Sets Market Growth in 2025

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Gas Generator Sets Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for gas generator sets has experienced consistent growth in the past few years. It is projected to expand from $8.94 billion in 2024 to $9.22 billion in 2025, presenting a compound annual growth rate (CAGR) of 3.1%. The growth during the historic period is due to factors including heightened demand for dependable backup power solutions, increased focus on energy security and grid resilience, the expansion of industrial and commercial infrastructure, growth in natural gas production and availability, and the need for uninterrupted power in critical applications.

Gas Generator Sets Market Size Forecast: What's the Projected Valuation by 2029?
The market for gas generator sets is projected to experience consistent growth in the coming years, eventually expanding to a worth of $11.05 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.6%. This growth during the forecast period is likely due to the incorporation of gas generator sets into hybrid and microgrid systems, the increasing demand for combined heat and power (chp) systems for energy efficiency, the use of sustainable and low-emission natural gas sources, bespoke generator set design for particular industrial uses, and an emphasis on decentralized power generation and distributed energy resources. Predicted trends for the forecast period encompass hybrid and multi-energy systems, sophisticated remote monitoring, high-efficiency combined heat and power (chp) applications, technologies with low or no emissions, and innovative control and synchronization systems.

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What Are the Drivers Transforming the Gas Generator Sets Market?
The anticipated rise in worldwide energy consumption is likely to stimulate the expansion of the gas generator sets business in the future. The swift escalation of socio-economic aspects like population, urbanization, net income, and industry in both established and emerging economies have led to a sudden increase in global electricity use. This rise in electricity consumption will likely spur the demand for gas generator sets as industries, commercial, and residential entities are investing in portable power solutions like gas generators to mitigate frequent power shortages. For example, the International Energy Agency's (IEA) July 2021 Electricity Market Report estimates global electricity demand to increase by 5% in 2020-21 and 4% in 2021-22. It is projected that China and India alone will contribute to 9% of worldwide growth. Consequently, the upsurge in global energy consumption is fueling the gas generator sets market.

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What Trends Will Shape the Gas Generator Sets Market Through 2029 and Beyond?
The trend of product innovation is emerging as a prominent force in the gas generator sets market. There is an increasing number of companies within this market space focusing on creating innovative products that feature advanced technology to solidify their market presence. For instance, in August 2022, Kirloskar Oil Engines Limited, a firm based in India that provides customer-focused and sustainable solutions in the gas generator sets market, introduced a new range of gas-powered generators. These generators, equipped with IoT, function effectively even in harshly cold conditions on PNG. They also come with a digital monitoring system that allows users to remotely track vital parameters and the real-time performance of the generator from any location. Additionally, these gas generators produce significantly lower noise and emission levels in comparison to traditional generator sets.

Which Segments in the Gas Generator Sets Market Offer the Most Profit Potential?
The gas generator setsmarket covered in this report is segmented -

1) By Fuel Type: Natural Gas, Biogas, Other Fuel Types
2) By Power Rating: Less Than 50 kVA, 51 kVA - 125 kVA, 126 kVA - 200 kVA, 201 kVA - 330 kVA, 331 kVA - 750 kVA, Above 750 kVA
3) By Application: Standby, Peak Shaving, Prime Or Continuous
4) By End-User: Residential, Industrial, Commercial, Power and Energy, Other End-Users

Subsegments:
1) By Natural Gas: Spark Ignition Gas Generators, Dual-Fuel Generators
2) By Biogas: Anaerobic Digestion Systems, Landfill Gas Generators
3) By Other Fuel Types: Propane, Synthetic Gas, Hydrogen

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Which Firms Dominate the Gas Generator Sets Market by Market Share and Revenue in 2025?
Major companies operating in the gas generator sets market include Cummins Inc., Briggs & Stratton Corporation, Kohler Co., Generac Power Systems Inc., Caterpillar Inc., General Electric Company, Siemens AG, Rolls-Royce Power Systems AG, Wärtsilä Corporation, Doosan Infracore Co. Ltd., Mitsubishi Heavy Industries Ltd., Yanmar Co. Ltd., Himoinsa S.L., Perkins Engines Company Limited, Deutz AG, MAN Energy Solutions SE, INNIO Group, Baudouin, JCB Power Products Ltd., Liebherr Group, Atlas Copco AB, Volvo Penta, John Deere Power Systems, Scania AB, WhisperPower B.V., Mase Generators, FG Wilson (Engineering) Ltd., SDMO Industries SAS, Hitzinger GmbH

Which Regions Offer the Highest Growth Potential in the Gas Generator Sets Market?
North America was the largest region in the gas generator sets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas generator sets market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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