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Commercial Standby Generator Sets Market Share

Report ID: GMI4447
Published Date: Jun 2024
Report Format: PDF

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Commercial Standby Generator Sets Market Share

Commercial Standby Generator Sets 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, 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

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial standby generator sets was worth USD 6.6 billion in 2023 and will grow at 7.8% CAGR between 2024 and 2032, due to increasing demand for uninterrupted power supply in critical sectors along with growing industrialization and urbanization in developing regions.

The diesel-fueled commercial standby generator sets market will garner 5.5% CAGR through 2032, driven by the widespread availability of diesel fuel and the relatively lower operating costs compared to other fuels.

Asia Pacific commercial standby generator sets industry will surpass USD 8.5 billion by 2032, attributed to rapid urbanization and industrialization, and the rising demand for reliable power supply in commercial and industrial sectors.

Atlas Copco, Caterpillar, Cooper Corp., Cummins, Inc., Generac Power Systems, Inc., Green Power International Pvt. Ltd, J C Bamford Excavators Ltd., Kirloskar, Kohler, Mitsubishi Heavy Industries, Ltd., Rolls-Royce plc, and Siemens Energy among others.