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Peak Shaving Construction Generator Sets Market Trends

Report ID: GMI12387
Published Date: Nov 2024
Report Format: PDF

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Peak Shaving Construction Generator Sets Market Trends

The industry is set for strong growth driven by strict government regulations and a surge in infrastructure development projects. The continuous construction of critical facilities comprising of highways, airports, dams, and bridges combined with an increasing reliance on dependable power sources to maintain smooth operations will accelerate the demand for generator sets. Additionally, the vulnerability of construction sites to natural disasters, including hurricanes, earthquakes, and storms will proliferate the industry outlook.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market of peak shaving construction generator sets reached USD 1.2 billion in 2024 and is set to grow at a 8.9% CAGR from 2025 to 2034, driven by robust urbanization and infrastructure activities.

The > 330 kVA - 750 kVA rated segment is projected to exceed USD 700 million by 2034, led by the need for continuous operations during power disruptions in large-scale construction projects.

The U.S. market is set to surpass USD 600 million by 2034, propelled by the expansion of airports and utility infrastructure, along with government-backed initiatives for energy efficiency.

The key players in the market include Aggreko, Ashok Leyland, Atlas Copco, Caterpillar, Cummins, Generac Power Systems, Greaves Cotton, HIMOINSA, J C Bamford Excavators, Kirloskar, Kohler, Mahindra Powerol, Mitsubishi Heavy Industries, Rolls-Royce, Sterling Generators, and Wartsila.