Home > Energy & Power > Electrical Equipment > Generator Sets > Gas Generator Sets Market

Gas Generator Sets Market Trends

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

Download Free Sample

Gas Generator Sets Market Trends

Growing demand from data centers driven by the increasing reliance on digital technologies and the need for uninterrupted & reliable power is set to boost the industry outlook. The extensive use of these units in the oil and gas sector for exploration and drilling activities, combined with rising energy needs will further drive the product adoption. Additionally, the industry dependency on digitization and information technology will create a promising business opportunity.

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