Product Code: A13804
According to a new report published by Allied Market Research, titled, "Generator Sets Market," The generator sets market was valued at $32.2 billion in 2022, and is estimated to reach $72.4 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.
Generator sets, also known as gensets, are self-contained units that comprise an engine and an electric generator to produce electricity. These units are available in various sizes and configurations, designed for both standby and prime power applications. Traditional generator sets are commonly powered by diesel, natural gas, or gasoline, offering a reliable backup or primary power source. However, advancements in technology have led to the emergence of innovative containerized generator sets that revolutionize power generation.
Containerized generator sets integrate the power generation components into a portable and compact container. These units typically house the engine, generator, fuel systems, control panels, and other necessary components within a single enclosure. The design optimizes space, making it easier to transport, install, and operate the generator set.
One of the primary advantages of containerized generator sets lies in their mobility and versatility. These units are easily transportable, allowing for rapid deployment in various settings, including construction sites, events, and remote locations. Their self-contained nature simplifies logistics, making them particularly suitable for emergency response and disaster recovery scenarios.
In terms of power generation, traditional generator sets offer reliability but often rely on fossil fuels, leading to emissions and environmental concerns. In contrast, containerized generator sets are being adapted to utilize renewable fuels or cleaner energy sources, promoting sustainability, and reducing environmental impact.
Moreover, advancements in control systems and technology enable these containerized generator sets to be highly efficient and adaptable. Smart controls and monitoring systems help optimize fuel consumption and power output, enhancing overall performance and reliability.
In addition, these containerized generator sets contribute to grid support and stability. They can serve as backup power during peak demand periods or act as a decentralized power source, aiding in load balancing and reducing strain on the primary electrical grid. The generator sets market is experiencing a shift towards more innovative and sustainable solutions like containerized generator sets. Ongoing research and development are aimed at improving their efficiency, reducing emissions, and expanding the range of available power sources. As technology continues to evolve, it is anticipated that these containerized generator sets become more cost-effective, reliable, and widely adopted across industries, fostering a more resilient and eco-friendly power generation landscape. The abovementioned factors will provide ample opportunities for the development of generator sets market forecast.
The global generator sets market scope is segmented into power rating, application, end user, fuel, and region. On the basis of power rating, the global generator sets market is divided into less than 50 kVA, 50-125 kVA, 125-200 kVA, 200-330 kVA, 330-750 kVA, and more than 750 kVA. Depending on application, the market is segregated into standby, peak shaving, prime/continuous, and others. As per end user, the market is classified into residential, commercial, and industrial. Based on fuel, the market is segregated into diesel, gas, and hybrid. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their generator sets market share. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the generator sets industry.
Rolls-Royce plc, Ashok Leyland Limited, Mitsubishi Heavy Industries, Ltd., Greaves Cotton Ltd., Wartsila, Kohler Co., General Electric, Caterpillar Inc., Cummins Inc., and Doosan Corporation are some of the major players discussed in the report. Drivers, restraints, and opportunities are explained in the report to understand the generator sets market size. Furthermore, the key strategies adopted by potential market leaders to facilitate effective planning have been discussed under the scope of the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the generator sets market analysis from 2022 to 2032 to identify the prevailing generator sets market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the generator sets market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global generator sets market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Manufacturing Capacity
- End user preferences and pain points
- Investment Opportunities
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market Segments
By Power Rating
- less than 50 kVA
- 50 to125 kVA
- 125 to 200 kVA
- 200 to 330 kVA
- 330 to 750 kVA
- More than 750 kVA
By Application
- Standby
- Peak Shaving
- Prime and Continuous
By End User
- Residential
- Commercial
- Industrial
By Fuel
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Kohler Co.
- Doosan Corporation
- ASHOK LEYLAND LIMITED
- General Electric
- Greaves Cotton Ltd.
- Wartsila
- Cummins Inc.
- Mitsubishi Heavy Industries, Ltd.
- Caterpillar Inc.
- Rolls Royce plc
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Power infrastructure deficit
- 3.4.1.2. Remote and off-grid power needs
- 3.4.1.3. Telecommunication and IT
- 3.4.2. Restraints
- 3.4.2.1. Fuel price volatility
- 3.4.2.2. Advancements in energy storage
- 3.4.3. Opportunities
- 3.4.3.1. Remote and off-grid markets
- 3.4.3.2. Hybrid power systems
- 3.5. Market Share Analysis
- 3.6. Value Chain Analysis
- 3.7. Key Regulation Analysis
- 3.8. Patent Landscape
- 3.9. Regulatory Guidelines
CHAPTER 4: GENERATOR SETS MARKET, BY POWER RATING
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Less than 50 kVA
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. 50 to125 kVA
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. 125 to 200 kVA
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. 200 to 330 kVA
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. 330 to 750 kVA
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. More than 750 kVA
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
CHAPTER 5: GENERATOR SETS MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Standby
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Peak Shaving
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Prime and Continuous
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: GENERATOR SETS MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Industrial
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: GENERATOR SETS MARKET, BY FUEL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Diesel
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Gas
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Hybrid
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
CHAPTER 8: GENERATOR SETS MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Power Rating
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by End User
- 8.2.5. Market size and forecast, by Fuel
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Power Rating
- 8.2.6.1.2. Market size and forecast, by Application
- 8.2.6.1.3. Market size and forecast, by End User
- 8.2.6.1.4. Market size and forecast, by Fuel
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Power Rating
- 8.2.6.2.2. Market size and forecast, by Application
- 8.2.6.2.3. Market size and forecast, by End User
- 8.2.6.2.4. Market size and forecast, by Fuel
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Power Rating
- 8.2.6.3.2. Market size and forecast, by Application
- 8.2.6.3.3. Market size and forecast, by End User
- 8.2.6.3.4. Market size and forecast, by Fuel
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Power Rating
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by End User
- 8.3.5. Market size and forecast, by Fuel
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Market size and forecast, by Power Rating
- 8.3.6.1.2. Market size and forecast, by Application
- 8.3.6.1.3. Market size and forecast, by End User
- 8.3.6.1.4. Market size and forecast, by Fuel
- 8.3.6.2. France
- 8.3.6.2.1. Market size and forecast, by Power Rating
- 8.3.6.2.2. Market size and forecast, by Application
- 8.3.6.2.3. Market size and forecast, by End User
- 8.3.6.2.4. Market size and forecast, by Fuel
- 8.3.6.3. Italy
- 8.3.6.3.1. Market size and forecast, by Power Rating
- 8.3.6.3.2. Market size and forecast, by Application
- 8.3.6.3.3. Market size and forecast, by End User
- 8.3.6.3.4. Market size and forecast, by Fuel
- 8.3.6.4. UK
- 8.3.6.4.1. Market size and forecast, by Power Rating
- 8.3.6.4.2. Market size and forecast, by Application
- 8.3.6.4.3. Market size and forecast, by End User
- 8.3.6.4.4. Market size and forecast, by Fuel
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Power Rating
- 8.3.6.5.2. Market size and forecast, by Application
- 8.3.6.5.3. Market size and forecast, by End User
- 8.3.6.5.4. Market size and forecast, by Fuel
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Power Rating
- 8.3.6.6.2. Market size and forecast, by Application
- 8.3.6.6.3. Market size and forecast, by End User
- 8.3.6.6.4. Market size and forecast, by Fuel
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Power Rating
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by End User
- 8.4.5. Market size and forecast, by Fuel
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Power Rating
- 8.4.6.1.2. Market size and forecast, by Application
- 8.4.6.1.3. Market size and forecast, by End User
- 8.4.6.1.4. Market size and forecast, by Fuel
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Power Rating
- 8.4.6.2.2. Market size and forecast, by Application
- 8.4.6.2.3. Market size and forecast, by End User
- 8.4.6.2.4. Market size and forecast, by Fuel
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Power Rating
- 8.4.6.3.2. Market size and forecast, by Application
- 8.4.6.3.3. Market size and forecast, by End User
- 8.4.6.3.4. Market size and forecast, by Fuel
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Power Rating
- 8.4.6.4.2. Market size and forecast, by Application
- 8.4.6.4.3. Market size and forecast, by End User
- 8.4.6.4.4. Market size and forecast, by Fuel
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Power Rating
- 8.4.6.5.2. Market size and forecast, by Application
- 8.4.6.5.3. Market size and forecast, by End User
- 8.4.6.5.4. Market size and forecast, by Fuel
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Power Rating
- 8.4.6.6.2. Market size and forecast, by Application
- 8.4.6.6.3. Market size and forecast, by End User
- 8.4.6.6.4. Market size and forecast, by Fuel
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Power Rating
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by End User
- 8.5.5. Market size and forecast, by Fuel
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Power Rating
- 8.5.6.1.2. Market size and forecast, by Application
- 8.5.6.1.3. Market size and forecast, by End User
- 8.5.6.1.4. Market size and forecast, by Fuel
- 8.5.6.2. South Africa
- 8.5.6.2.1. Market size and forecast, by Power Rating
- 8.5.6.2.2. Market size and forecast, by Application
- 8.5.6.2.3. Market size and forecast, by End User
- 8.5.6.2.4. Market size and forecast, by Fuel
- 8.5.6.3. Saudi Arabia
- 8.5.6.3.1. Market size and forecast, by Power Rating
- 8.5.6.3.2. Market size and forecast, by Application
- 8.5.6.3.3. Market size and forecast, by End User
- 8.5.6.3.4. Market size and forecast, by Fuel
- 8.5.6.4. Rest of LAMEA
- 8.5.6.4.1. Market size and forecast, by Power Rating
- 8.5.6.4.2. Market size and forecast, by Application
- 8.5.6.4.3. Market size and forecast, by End User
- 8.5.6.4.4. Market size and forecast, by Fuel
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Rolls Royce plc
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. ASHOK LEYLAND LIMITED
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.3. Mitsubishi Heavy Industries, Ltd.
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. Greaves Cotton Ltd.
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.5. Wartsila
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. Kohler Co.
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
- 10.7. General Electric
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.8. Caterpillar Inc.
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. Cummins Inc.
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
- 10.10. Doosan Corporation
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio