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Gas Fired Construction Generator Sets Market Trends

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

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Gas Fired Construction Generator Sets Market Trends

The industry is poised for significant growth on account of stringent government regulations and rapid expansion of infrastructure developments. Continuous construction activities including of bridges, roads, airports, dams, and essential facilities coupled with growing need for reliable power backup sources to maintain operations will complement the demand for these units. Moreover, construction sites are susceptible to power outages caused by natural disasters comprising of hurricanes, storms, and earthquakes, thereby propelling the demand for generator sets.

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.