The peak shaving generator sets industry will gain an appreciable momentum in account of increasing demand for reliable backup power sources and cost savings in energy management. Increasing energy prices coupled with growing awareness around demand-side energy management will fuel demand for these solutions. Additionally, technological advancements in generator efficiency and automation are helping companies manage energy loads with greater precision aligning with global trends toward more sustainable & cost-effective power solutions, accelerating the industry landscape.
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.
