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Construction Generator Sets Market Share

Report ID: GMI7778
Published Date: Jan 2024
Report Format: PDF

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Construction Generator Sets Market Share

The leading companies are prioritizing marketing strategies, technological advancements, brand recognition, and economies of scale to address the competitive landscape within the industry. Cummins is one of the well-known manufacturers of engines and power generation equipment, including gensets. Gensets, short for generator sets, are essentially a combination of an engine and an alternator (generator) mounted together to generate electricity. The company’s gensets are widely used in various applications, including residential, commercial, industrial, and critical power needs.

Construction Generator Sets Market Companies

Some of the leading companies operating in the construction generator sets industry are:

Cummins, Inc.
Kirloskar
Kohler Co.
Generac Power Systems, Inc.
Yamaha Motor Co., Ltd.
Powerica Limited
Sterling and Wilson Pvt. Ltd.
HIMOINSA
Caterpillar
Atlas Copco AB
J C Bamford Excavators Ltd.
Mahindra POWEROL
Deere & Company
Ashok Leyland
Greaves Cotton Limited
Mitsubishi Heavy Industries, Ltd.
Wartsila
Rapid Power Generation Ltd.
Honda India Power Products Ltd.
FG Wilson
Aggreko
Champion Power Equipment

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of construction generator sets reached USD 5.9 billion in 2023 and is set to cross USD 15.3 billion by 2032, owing to the growing focus on fuel-efficient and environmentally friendly power generating systems along with flourishing real estate sector worldwide.

Gas construction generator sets segment is expected to grow at 9.9% CAGR from 2024 to 2032, attributed to rising emphasis on energy efficiency and cost savings, fueling a consumer shift toward clean energy solutions.

North America market was valued at USD 1 billion in 2023, due to the rising demand for backup power solutions in the region.

Generac Power Systems, Inc., Yamaha Motor Co., Ltd., Powerica Limited, Sterling and Wilson Pvt. Ltd., HIMOINSA, Caterpillar, Atlas Copco AB, J C Bamford Excavators Ltd., Mahindra POWEROL, and Deere & Company are some of the major construction generator sets companies worldwide.