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Hybrid Generator Sets Market Share

Report ID: GMI7588
Published Date: Dec 2023
Report Format: PDF

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Hybrid Generator Sets Market Share

The leading companies prioritize marketing strategies, technological innovations, establishing their brand, and achieving economies of scale to effectively compete in the industry.

The key market players include:

Cummins, Inc.
Kirloskar
Briggs & Stratton
Kohler Co.
Generac Power Systems, Inc.
Yamaha Motor Co., Ltd.
Powerica Limited
Sterling and Wilson Pvt. Ltd.
HIMOINSA
Caterpillar Inc.
Atlas Copco AB
Supernova Genset
J C Bamford Excavators Ltd.
Rolls-Royce plc
Greaves Cotton Limited
Mitsubishi Heavy Industries, Ltd.
Wärtsilä
Rapid Power Generation Ltd.
Huu Toan
Sudhir Power Ltd.
Siemens Energy
FG Wilson

Cummins is a renowned global power and technology company that is actively involved in the manufacturing of hybrid generator sets. The company is a key player in the industry, providing a range of power solutions, including those that integrate traditional internal combustion engines with alternative energy sources to create efficient and environmentally friendly hybrid generator sets.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of hybrid generator sets reached USD 3.7 billion in 2022 and is set to cross USD 8.1 billion by 2032, due to the paradigm shift toward hybridization technology of gensets with renewable or storage systems worldwide.

> 50 kVA - 125 kVA hybrid generator sets segment is poised to witness 9.4% CAGR from 2023 to 2032, owing to the intensifying natural disasters along with aging grid infrastructure leading to power failures.

North America market was valued at USD 1.6 billion in 2022, attributed to the burgeoning expansion of the telecom sector along with unreliable grid infrastructure coupled with rapid population growth in the region.

Cummins, Inc., Kirloskar, Briggs & Stratton, Kohler Co., Generac Power Systems, Inc., Yamaha Motor Co., Ltd., and Powerica Limited are some of the major hybrid generator sets companies worldwide.