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Standby Construction Generator Sets Market Size
Standby Construction Generator Sets Market size in 2023 was valued at USD 2.9 billion and is projected to grow at a CAGR of 9.1% from 2024 and 2032. Increasing urbanization and infrastructure development projects along with rising demand for reliable & efficient power generation systems will foster the industry landscape. Stringent regulation and mandates pertaining to curb carbon emissions in line with adoption of advanced technology systems including automatic load management to optimize fuel consumption will proliferate the product deployment.
For instance, in April 2023, the 14th Five-Year Plan in China underscored the importance of prioritizing new infrastructure projects, with a specific focus on enhancing transportation, energy, water systems, and urban development initiatives.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 2.9 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 9.1% |
| 2032 Value Projection: | USD 6.4 Billion |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Power Rating, Fuel & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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A standby construction generator refers to a specialized power generation system designed to provide backup electricity during construction activities. Growing integration of IoT and remote monitoring capabilities in construction generator sets allows for real-time monitoring of performance, fuel levels, and maintenance requirements, thereby stimulating product penetration. In addition, growing focus toward adoption of cleaner fuel coupled with expansion of industrial and commercial establishments will foster construction generator sets across emerging economies.
Standby Construction Generator Sets Market Trends
The industry is projected to witness owing to infrastructure developments and regulatory requirements. Ongoing construction activities comprising of roads, bridges, dams, airports, and other essential facilities in line with need for reliable power sources to sustain the operations will drive the demand for these units. Construction sites are vulnerable to power outages caused by natural disasters including storms, hurricanes, and earthquakes, which in turn will fuel the demand for generator sets.
Standby Construction Generator Sets Market Analysis
The > 750 kVA rated of market will exceed USD 2.5 billion by 2032. This range of generator sets are designed for medium to large-scale operations where a significant amount of power is required to sustain critical processes and equipment during outages. Growing construction activities and economic growth in conjunction with higher demand for standby power solutions to ensure uninterrupted operations will accelerate the business growth. Moreover, the industry undergoes continuous innovation aimed at enhancing generator performance, efficiency, and reliability, thereby propelling the industry scenario.
The diesel standby construction generator sets market size will witness a growth rate of over 8% by 2032. The industry is anticipated to witness on account of their higher fuel efficiency and ease of operation. Key private and public players are investing in advanced engine technologies including electronic fuel injection, turbocharging to optimize fuel consumption and reduce harmful emissions will energize the business landscape. Furthermore, regulatory agencies worldwide are implementing strict emissions regulations to address environmental concerns and mitigate air pollution, which in turn will sway the industry outlook.
The Asia Pacific standby construction generator sets market is set to surpass USD 3.5 billion by 2032. The region is witnessing substantial growth on account of high investment in construction activities including roads, bridges, and industrial facilities. Increasing environmental concerns and regulatory pressure are driving the adoption of high-efficiency and low-emission generator sets across region. Construction companies are embracing digitalization to enhance equipment visibility, optimize performance, and streamline maintenance operations, thereby improving overall project efficiency.
U.S. standby construction generator sets market is set to witness an upsurge on account of continuous expansion of airports and utilities. Integration of renewable energy sources in including solar technology in line with growing interest in hybrid power solutions will complement the business growth. Government policies, incentives, and tax credits aimed at promoting clean energy, energy efficiency, and resilience are the key parameters influencing product adoption across the country.
Standby Construction Generator Sets Market Share
Caterpillar is engaged in the design, manufacture and sale of mining equipment, industrial gas turbines, diesel & electric locomotives and diesel & natural gas engines. The company operates its business through three segments, resource industries, energy & transportation, and construction industries. It sells its products under the brand names including CAT, EMD, MaK, Progress Rail, FG Wilson, Perkins, SEM, Caterpillar, Solar Turbines, and MWM. Caterpillar owns and operates R&D centers across the U.S., Japan, the UK, China, and India.
Standby Construction Generator Sets Market Companies
The key industry players include:
- Aggreko
- Ashok Leyland
- Atlas Copco AB
- Caterpillar
- Cummins, Inc.
- Deere & Company
- Generac Power Systems, Inc.
- Greaves Cotton Limited
- HIMOINSA
- J C Bamford Excavators Ltd.
- Kirloskar
- Kohler Co.
- Mahindra Powerol
- Mitsubishi Heavy Industries Ltd.
- Powerica Limited
- Sterling and Wilson Pvt. Ltd.
- Wärtsilä
- Yamaha Motor Co., Ltd.
Standby Construction Generator Sets Industry News
- In April 2024, Cummins Power Generation has unveiled two models as part of their acclaimed CentumTM Series, featuring the renowned QSK78 engine from Cummins Inc. These latest additions C3000D6EB and C2750D6E deliver impressive power outputs of 2750kW and 3000kW respectively. These gensets particularly designed for critical applications including data centers, healthcare facilities, and wastewater treatment plants. With a focus on space optimization, these models boast a smaller footprint while maximizing power output, marking a significant evolution in Cummins' approach to power system design.
- In August 2022, Caterpillar Inc. has unveiled an expansion to its lineup of standby diesel generator sets, introducing three new power nodes ranging from 20 to 30 kW for the North American market. The product line including Cat D30, D25, and D20 which is suitable for commercial, small industrial, and telecommunication applications. They are characterized by exceptional performance, compact footprint and offer provide optional aluminum and steel enclosures.
The standby construction generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:
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Market, By Power Rating
- ≤ 50 kVA
- > 50 kVA - 125 kVA
- > 125 kVA - 200 kVA
- > 200 kVA - 330 kVA
- > 330 kVA - 750 kVA
- > 750 kVA
Market, By Fuel
- Diesel
- Gas
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Russia
- UK
- Germany
- France
- Spain
- Austria
- Italy
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Philippines
- Myanmar
- Bangladesh
- Middle East
- Saudi Arabia
- UAE
- Qatar
- Turkey
- Iran
- Oman
- Africa
- Egypt
- Nigeria
- Algeria
- South Africa
- Angola
- Kenya
- Mozambique
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
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