Commercial Gas Gensets Market - By Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA), By End Use, By Application, By Regional Outlook & Forecast, 2024 – 2032

Commercial Gas Gensets Market Size

Commercial Gas Genset Market size in 2023 was valued at USD 3.3 billion and is projected to grow at a rate of 9.3% up to 2032. Increasing stringent environmental standards along with a transition toward cleaner energy sources will propel the industry landscape.
 

Enlarging expansion and development of data centers, hospitals, and other critical infrastructure sectors in line with continuous investment in standby power solutions will foster the product adoption. For instance, in 2023, the quantity of data centers throughout the U.S. surpassed 5,00, thereby augmenting the adoption of these gensets.
 

Gas generator sets are equipment used for generating electricity by burning gaseous fuels including natural gas, biogas, landfill gas, or propane. Growing industrialization, urbanization, and infrastructure development in emerging economies coupled with rising demand for reliable backup power solutions will complement the industry size. Growing advancements in technologies comprising of digital controls, predictive maintenance capabilities, and smart grid integration will influence the industry outlook. In addition, surging environmental concerns and stringent emissions regulations are the key parameters will drive the adoption of cleaner energy solutions across commercial settings.
 

Commercial Gas Gensets Market Trends

The industry is experiencing significant growth on account of its efficient fuel efficiency and lower operating costs compared to traditional diesel gensets. Ongoing advancements in generator sets comprising of engine efficiency, advanced controls systems, and digital monitoring systems will energize the product penetration across emerging economies. The availability and accessibility of natural gas infrastructure are expanding globally, driven by increasing natural gas production and investment in pipeline networks and liquefied natural gas (LNG) terminals have led the demand for these units.
 

Commercial Gas Gensets Market Analysis

The ≤ 50 kVA rated commercial gas gensets industry will exceed USD 1 billion by 2032. There is a growing demand for small-scale backup power solutions among commercial establishments including small businesses, retail stores, restaurants, and offices will sway the industry landscape. These rated gensets offer a compact and cost-effective backup power solution during grid outages or as a supplementary power source will propel the business outlook. Increasing environmental awareness pertaining to reducing greenhouse gas emissions are driving businesses to seek cleaner and more sustainable power generation solutions, which in turn will stimulate the product adoption.
 

The standby commercial gas gensets market size will witness growth rate of over 8% by 2032. Growing demand for reliable standby power solutions in line with expansion of commercial establishments including data centers, hospitals, financial institutions, and telecommunications facilities will positively influence the market size. Rapid urbanization and infrastructure development are driving the demand for standby power solutions in commercial hubs and urban centers. Commercial establishments are increasingly focused on energy efficiency and cost savings to optimize their operations will escalate the product deployment across emerging economies.
 

The Asia Pacific commercial gas gensets market is set to surpass USD 3.5 billion by 2032. The region is experiencing significant growth owing to growing demand for reliable power solutions in commercial sectors comprising of manufacturing, healthcare, telecommunications, data centers, and hospitality. Continuous investment by the public authorities across key emerging economies and private players to expand energy infrastructure, including natural gas pipelines and distribution networks will cater the favorable business opportunities. Energy security concerns coupled with rising demand for reliable and cost-effective power solutions during power outages and supply disruptions will energize product adoption.
 

The U.S. commercial gas gensets market has experienced significant growth owing to abundance availability of natural gas resources. Paradigm shift toward cleaner and more efficient gensets technologies along with growing environmental concerns & stricter emissions regulations will proliferate the demand for these units. Ongoing government initiatives along with offering favorable tax credits, rebates, and grants pertaining to promote clean energy technologies will complement industry scenario.
 

Commercial Gas Gensets Market Share

Cummins is a designer, manufacturer, and distributer of engines, power generation products, and related technologies. The company's diverse portfolio encompasses diesel and natural gas engines for various applications including heavy-duty trucks, buses, construction equipment, and power generation. Additionally, Cummins offers filtration, emission solutions, and electrified powertrains, positioning itself at the forefront of innovation in sustainable transportation and energy solutions.
 

Commercial Gas Gensets Market Companies

The key industry players include:

• Aggreko
• ASHOK LEYLAND
• Atlas Copco
• Caterpillar
• Cooper Corp.
• Cummins, Inc.
• Generac Power Systems, Inc.
• GENESAL ENERGY
• Green Power International Pvt. Ltd
• J C Bamford Excavators Ltd.
• Kirloskar
• Kohler
• MAHINDRA POWEROL
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Powerica Limited
• Rolls-Royce plc
• Siemens AG
• Sudhir
• Supernova Genset
• Wartsila
   

Commercial Gas Gensets Industry News

• In February 2023, Cummins Inc.  introduced its newest natural gas generators, the C175N6B and C200N6B, which build upon the exceptional QSJ8.9G engine platform. These cutting-edge models not only inherit the reliability and performance of their predecessors, such as the widely acclaimed C125N6 and C150N6, but also offer enhanced features tailored to meet the evolving needs of various commercial applications.
   
• In November 2023, Caterpillar Inc. unveiled four novel editions of natural gas generator sets meticulously crafted for small- to medium-scale standby and demand response situations. Ranging between 350 kW to 500 kW, these generators are EPA-certified for non-emergency usage, guaranteeing dependable performance and adherence to regulatory standards. Boasting Cat CG18 inline 6 natural gas engines and Cat ADEM A4 engine control modules, they offer exceptional power density, enhanced fuel efficiency, and prolonged operational durations. Designed with versatility in mind, they cater to a broad spectrum of industries, encompassing industrial, commercial, agricultural, and municipal sectors.
   

The commercial gas gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 50 kVA
• > 50 kVA - 125 kVA
• > 125 kVA - 200 kVA
• > 200 kVA - 330 kVA
• > 330 kVA - 750 kVA
• > 750 kVA

Market, By End Use

• Telecom
• Healthcare
• Data Centers
• Educational Institutions
• Government Centers
• Hospitality
• Retail Sales
• Real Estate
• Commercial Complex
• Infrastructure
• Others

Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous

The above information has been provided for the following Regions and Countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Myanmar
  • Bangladesh
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile