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Gas Fired Construction Generator Sets Market Size

Report ID: GMI9790
Published Date: Jun 2024
Report Format: PDF

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Gas Fired Construction Generator Sets Market Size

Gas Fired Construction Generator Sets Market size in 2023 was valued at USD 825.8 million and is projected to grow at a rate of 10.2% from 2024 and 2032. Increasing infrastructure and urbanization development projects coupled with growing demand for efficient & reliable power generation units will bolster the industry landscape.

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Stringent measures and standards pertaining to reduce carbon emissions along with integration of advanced technology systems comprising of automatic load management to enhance fuel consumption will drive product deployment. For instance, in April 2023, China's 14th Five-Year Plan highlighted the importance of prioritizing new infrastructure projects, specifically focusing on improving transportation, energy, water systems, and urban development initiatives.

Gas-fired construction generator sets utilize natural gas or propane as fuel to produce electricity on construction sites. Increasing integration of remote monitoring capabilities and IoT technologies in gensets enables fuel levels, real-time tracking of performance, and maintenance requirements, thereby enhancing product adoption. Additionally, the rising emphasis on cleaner fuel combined with expansion of commercial establishments will fuel the demand for construction generator sets.

Gas Fired Construction Generator Sets Market Report Attributes
Report Attribute	Details
Base Year:	2023
Gas Fired Construction Generator Sets Market Size in 2023:	USD 825.8 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.2%
2032 Value Projection:	USD 1.97 Million
Historical Data for:	2021 to 2023
No. of Pages:	110
Tables, Charts & Figures:	40
Segments covered:	Power Rating, Application & Region
Growth Drivers:	Surging intensity of weather-related disasters Surging demand for emergency power Rapid urbanization & increasing consumer propensity
Pitfalls & Challenges:	High operation & maintenance cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Global gas fired construction generator sets industry was valued at USD 825.8 million in 2023 and is anticipated to register 10.2% CAGR between 2024 and 2032 due to the surging intensity of weather-related disasters and strong demand for emergency power.

The > 750 kVA segment in the market will exceed USD 600 million by 2032, driven by the increasing economic growth and construction activities.

Asia Pacific gas fired construction generator sets market size is set to surpass USD 900 million by 2032 owing to rapid population growth and substantial investment in construction activities including bridges, roads, and industrial facilities.

Aggreko, Ashok Leyland, Atlas Copco AB, Caterpillar, Cooper Corp., Cummins, Inc., Generac Power Systems, Inc., Greaves Cotton Limited, HIMOINSA, J C Bamford Excavators Ltd. and Kirloskar, among others.