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Gas Fired Real Estate Generator Market Size

Report ID: GMI11649
Published Date: Oct 2024
Report Format: PDF

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Gas Fired Real Estate Generator Market Size

The global gas fired real estate generator market was valued at USD 262.7 million in 2023 and is estimated to grow at a CAGR of 9.4% from 2024 to 2032. Ongoing infrastructure development and urbanization initiatives coupled with the growing need for reliable power generation will foster the industry dynamics. Government regulations aimed at reducing carbon emissions and technological advancements including automatic load management for improved fuel efficiency will accelerate the product deployment.

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Gas fired real estate generator is a backup or primary power generation system which operates on natural gas or propane, providing a reliable source of electricity during power outages or when grid power is unavailable. The growing integration of remote monitoring and IoT technologies in these systems allows for real-time tracking of fuel levels, maintenance requirements, and performance, driving industry adoption. Additionally, the expansion of commercial and residential properties, coupled with rising investments in infrastructure development projects from small homes to large commercial complexes will boost demand for real estate generators in emerging economies.

Gas Fired Real Estate Generator Market Report Attributes
Report Attribute	Details
Base Year:	2023
Gas Fired Real Estate Generator Market Size in 2023:	USD 262.7 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	9.4%
2032 Value Projection:	USD 589.6 Million
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	40
Segments covered:	Power Rating, Application and Region
Growth Drivers:	Increasing demand for reliable power backup solutions Rapid population growth & surging urbanization rate Booming construction sector
Pitfalls & Challenges:	High capital, installation & maintenance costs

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of gas-fired real estate generators was worth over USD 262.7 million in 2023 and is projected to grow at a CAGR of 9.4% from 2024 to 2032, driven by the increasing demand for reliable power backup solutions.

The gas-fired real estate generators rated between 50 kVA and 125 kVA is anticipated to surpass USD 125 million by 2032, propelled by the increasing investments by businesses and property owners in gensets to ensure continuity and energy security during power disruptions.

The prime/continuous segment of the gas-fired real estate generator market is projected to grow at a CAGR of approximately 9% through 2032, due to advancements in fuel efficiency and streamlined operations.

The U.S. gas-fired real estate generator market is on track to exceed USD 60 million by 2032, driven by a rise in power outages, attributed to extreme weather events, an aging infrastructure, and a surging electricity demand.

Major key players in the gas-fired real estate generator industry include Aggreko, Ashok Leyland, Atlas Copco, Caterpillar, Cummins, Generac Power Systems, Himoinsa, J.C. Bamford Excavators, Kirloskar, Kohler, Mahindra Powerol, Mitsubishi Heavy Industries, PR Industrial, Rolls-Royce, Yanmar Holdings.