Commercial Standby Generator Sets Market Size - By Power Rating (≤ 75 kVA, > 75 kVA - 375 kVA, > 375 kVA - 750 kVA, > 750 kVA), By Fuel (Diesel, Gas), By Application, By Regional Outlook & Forecast, 2024 – 2032

Commercial Standby Generator Sets Market Size

Commercial Standby Generator Sets Market was valued at USD 6.6 billion in 2023 and is anticipated to grow at a CAGR of 7.8% from 2024 to 2032. The stringent government mandates toward sustainable business operations in line with surging adoption of innovative and highly efficient systems will augment the industry dynamics. Continuous technological advancements including predictive maintenance capabilities, digital controls, and smart grid integration will complement the business outlook.
 

Commercial standby generator sets are reliable backup power systems designed for use in commercial settings to ensure continuous power supply during electrical outages. The robust expansion of commercial infrastructure across key geographies along with increasing need for reliable and sustainable backup power solutions will influence the market growth. The ongoing development and expansion of hospitals, data centers, and other critical infrastructure sectors coupled with burgeoning investment in standby generator sets solutions will proliferate the product deployment.
 

Commercial Standby Generator Sets Market Trends

The industry is poised for significant growth owing to their versatile & adaptability in line with enhanced efficiency and reliability. Continuous innovation in generator sets technologies including engine efficiency, advanced control systems, and real time monitoring capabilities combined with increasing demand for uninterrupted power supply will accelerate the business outlook. Moreover, rising environmental concerns and strict emissions norms and policies are the key factors, which in turn will boost the adoption of generator sets.
 

Commercial Standby Generator Sets Market Analysis

The ≤ 75 kVA rated commercial standby generator sets industry will exceed USD 5 billion by 2032. The rising demand across small-scale businesses including restaurants, retail stores, and offices will drive the business landscape. These compact and cost-effective commercial gensets provide reliable power supply during grid outages or serve as supplementary power source, which in turn will propel the industry outlook. Growing environmental awareness aimed at minimizing greenhouse gas emissions are promoting businesses to adopt sustainable power generation solutions, thereby stimulating the product adoption.
 

The diesel fueled commercial standby generator sets market size will witness growth rate of over 5.5% through 2032. Increasing necessity for compact and modular design along with rapid expansion of critical infrastructure including financial institutions, data centers, and telecommunications facilities will complement the product penetration. Stringent government policies and regulations toward adoption of ultra-low sulfur diesel (ULSD) in conjunction with to ensure energy security & resilience will foster the business dynamics. Furthermore, ongoing investment in commercial settings toward cost savings and energy efficiency to enhance their operations will drive the demand for these units.
 

Asia Pacific commercial standby generator sets market is set to surpass USD 8.5 billion by 2032, due to increasing demand for reliable power units in commercial sectors including of real state, telecommunications, healthcare, and data centers. Ongoing investment by key public authorities and private players across emerging economies to expand their energy infrastructure including distribution networks and natural gas pipelines will proliferate favorable business opportunities. Growing concern on energy security in line with surging need for efficient and reliable power systems during supply disruptions will escalate the product adoption.
 

The U.S. commercial standby generator sets market has experienced substantial growth on account of abundant availability of natural gas reserves. Ongoing innovations in generator technology comprising of integration of smart grid systems combined with the need for business continuity and resilience against power disruptions will energize the industry scenario. In addition, rapid expansion of commercial infrastructure in line with ensuring continuous operations and minimize downtime will foster the business growth. The ongoing government initiatives and policies offering rebates, tax credits, and grants promoting clean energy technologies will further sway the industry scenario.
 

Commercial Standby Generator Sets 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, it offers filtration, emission solutions, and electrified powertrains, positioning itself at the forefront of innovation in sustainable transportation and energy solutions.
 

Commercial Standby Generator Sets 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 Energy
• Sudhir
• Supernova Genset
• Wartsila
   

Commercial Standby Generator Sets Industry News

• In April 2024, Cummins Power Generation has introduced 2 new models in their acclaimed Centum Series, featuring Cummins‘s QSK78 engine. These models C3000D6EB and C2750D6E, deliver power outputs of 3,000 kW and 2,750 kW respectively. These models are specifically engineered for critical applications including healthcare facilities, data centers, and wastewater treatment plants.
   
• In November 2023, Caterpillar Inc. introduced 4 models of natural gas gensets tailored for small to medium ranges standby and demand response applications. These generators offer power outputs ranging from 350 kW to 500 kW across four 60-Hz power nodes which certified by the U.S. Environmental Protection Agency for non-emergency applications. Additionally, these models equipped with the Cat Active Management Platform, a distributed energy resource management system that enables customers to manage, monitor, and monetize their generator sets.
   

This commercial standby generator sets 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

• ≤ 75 kVA
• > 75 kVA - 375 kVA
• > 375 kVA - 750 kVA
• > 750 kVA

Market, By Application

• Telecom
• Healthcare
• Data centers
• Educational institutions
• Government centers
• Hospitality
• Retail sales
• Agriculture
• Aquaculture
• Others

Market, By Fuel

• Diesel
• Gas
• Others

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
  • Turkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile