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Commercial Gas Gensets Market Share

Report ID: GMI9543
Published Date: May 2024
Report Format: PDF

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Commercial Gas Gensets Market Share

Commercial Gas Gensets Company Market Share Analysis, 2023

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

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Commercial gas genset industry size was USD 3.3 billion in 2023 and is projected to expand at 9.3% CAGR from 2024 to 2032, due to the increasing stringent environmental standards along with the transition toward cleaner energy sources.

The ? 50 kVA power rating segment in the commercial gas genset industry is projected to exceed USD 1 billion by 2032, led by the growing demand for small-scale backup power solutions among commercial establishments including small businesses, retail stores, restaurants, and offices.

The standby segment in the commercial gas genset industry is projected to record over 8% CAGR between 2024 and 2032, on account of the growing demand for reliable standby power solutions in line with expansion of commercial establishments including data centers, hospitals, financial institutions, and telecommunications facilities.

Asia Pacific commercial gas genset industry will record more than USD 3.5 billion by 2032, owing to the growing demand for reliable power solutions in commercial sectors comprising of manufacturing, healthcare, telecommunications, data centers, and hospitality.