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Hybrid Generator Sets Market Trends

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

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Hybrid Generator Sets Market Trends

Large-scale deployment of these units to provide a reliable & uninterrupted power supply across rea estate sector and automotive production industry will drive the business growth. Unexpected power interruptions due to grid failures or weather-related outages leads to revenue losses in these sectors, accelerating the industry potential. Robust expansion of data centers in line with increasing applicability of gensets avoid any system downtimes, startup issues, and loss of in-process information will energize the industry dynamic.

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.