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Gas Generator Sets Market Share

Report ID: GMI3221
Published Date: Nov 2024
Report Format: PDF

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Gas Generator Sets Market Share

The manufacturers in the gas gensets industry are adopting several key strategies to maintain competitiveness and meet the growing demand for clean and efficient power generation. One primary approach is investment in advanced technologies to enhance genset efficiency, reduce emissions, and improve fuel flexibility. By focusing on innovations including hybrid systems and integrating natural gas with renewable sources, manufacturers aim to meet environmental regulations and customer demand for lower carbon footprints. Additionally, companies are expanding their portfolios to include digital and IoT-enabled gensets, which allow for real-time monitoring, predictive maintenance, and optimization of power output.

Gas Generator Sets Market Companies

Major players operating in the gas generator sets industry are:

Aggreko
Briggs & Stratton
Camda New Energy Equipment
Caterpillar
Champion Power Equipment
Cummins
DuroMax Power Equipment
Firman Power Equipment
Generac Power Systems
Himoinsa
Kohler Co.
Mahindra Powerol
Mitsubishi Heavy Industries
Rolls-Royce
WEN Products
Westinghouse Outdoor Power Equipment
Wärtsilä
YANMAR HOLDINGS CO.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for gas generator sets was reached USD 6.9 billion in 2024 and is estimated to grow at a CAGR of 8.8% from 2025 to 2034, driven by the increasing emphasis on cleaner energy sources.

The market for gas generator sets with a capacity between 330 kVA and 750 kVA is expected to exceed USD 3.5 billion by 2034, led by consumer preference for natural gas and government initiatives to modernize power infrastructure.

The peak shaving gas generator sets market is anticipated to grow at a rate of 8% from 2025 to 2034, propelled by rising electricity demand and the need for uninterrupted power supply.

The U.S. gas generator sets market is projected to exceed USD 2 billion by 2034, due to the expansion of data center infrastructure and investments in the construction sector.

Major players in the gas generator sets market include Aggreko, Briggs & Stratton, Camda New Energy Equipment, Caterpillar, Champion Power Equipment, Cummins, DuroMax Power Equipment, Firman Power Equipment, Generac Power Systems, Himoinsa, Kohler Co., Mahindra Powerol, Mitsubishi Heavy Industries, Rolls-Royce, WEN Products, Westinghouse Outdoor Power Equipment, W