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Gas Generator Sets Market Size

Report ID: GMI3221
Published Date: May 2023
Report Format: PDF

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Gas Generator Sets Market Size

Gas Generator Sets Market was valued at USD 6.2 billion in 2023 and anticipated to record 9% CAGR from 2024 to 2032.

Governments and regulatory bodies are imposing stricter regulations on emissions and pollution control which in turn will positively sway the generator sets market. The rising focus on cleaner energy sources in line with growing awareness of climate change will further drive the product deployment. Furthermore, the ongoing boom in unconventional gas resources, primarily across the U.S. shale revolution, supported by legislative efforts, will contribute to the industry growth.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gas generator sets surpassed USD 6.2 billion in 2023 and will register 9% CAGR from 2024 to 2032 propelled by supportive government regulations on emissions and pollution control.

The > 750 kVA segment held a industry share of above 25% in 2022 as a result of the surging reliance on digital technologies, along with increasing demand for uninterrupted & reliable power supply.

The gas generator sets industry size from peak shaving crossed valuation of USD 450 million in 2022 owing to increasing electricity demand from various application areas.

Europe gas generator sets industry is expected to reach USD 2 billion by 2032 attributed to booming data center infrastructure, coupled with increasing investments across the construction sector in the region.

Cummins, Briggs & Stratton, Kohler Co., Generac Power Systems, Caterpillar, Rolls-Royce Plc, HIMOINSA, Mahindra Powerol, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment are some of the major manufacturers of gas generator sets.