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Peak Shaving Generator Sets Market Share

Report ID: GMI12045
Published Date: Oct 2024
Report Format: PDF

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Peak Shaving Generator Sets Market Share

The manufacturers in the peak shaving gensets industry are adopting several key strategies to enhance efficiency and competitiveness. The companies are continuously focusing on expanding their product portfolios by developing hybrid gensets that combine traditional fossil fuel engines with renewable energy sources, thus catering to the growing demand for sustainable energy solutions. Strategic partnerships and collaborations with energy service companies are being pursued to provide comprehensive energy management solutions, further driving business growth.

Peak Shaving Generator Sets Market Companies

Major players operating in the peak shaving generator sets industry are:

Ashok Leyland
Atlas Copco Group
Caterpillar
Cummins
Generac Power Systems
Greaves Cotton
Himoinsa
Kirloskar
Kohler
Mahindra Powerol
Mitsubishi Turbocharger and Engine Europe
Rolls-Royce
Sterling Generators
Supernova Genset
Wartsila

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for peak shaving generator sets was reached USD 10.6 billion in 2023 and is estimated to grow at a 7.4% CAGR from 2024 to 2032, driven by the increasing demand for efficient energy management solutions.

The diesel peak shaving generator sets industry will exceed USD 12 billion by 2032, as these generators serve as emergency power sources during outages, enhancing product adoption.

The > 75 kVA - 375 kVA peak shaving generator sets market size will witness about 7% growth rate from 2024 to 2032, led by rising awareness of energy efficiency and stringent regulatory mandates on carbon emissions.

The U.S. peak shaving generator sets market is set to reach over USD 4 billion by 2032, propelled by ongoing technological advancements in generator technology, including improved efficiency and lower emissions.

Major players operating in the peak shaving generator sets industry include Ashok Leyland, Atlas Copco Group, Caterpillar, Cummins, Generac Power Systems, Greaves Cotton, Himoinsa, Kirloskar, Kohler, Mahindra Powerol, Mitsubishi Turbocharger and Engine Europe, Rolls-Royce, Sterling Generators, Supernova Genset, and Wartsila.