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Standby Construction Generator Sets Market Analysis

  • Report ID: GMI9659
  • Published Date: May 2024
  • Report Format: PDF

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.
 

Standby Construction Generator Sets Market Revenue Share, By Fuel, 2023

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.
 

Asia Pacific Standby Construction Generator Sets Market, 2022 - 2032  (USD Billion)

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.
 

 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Global standby construction generator sets market size was valued at USD 2.9 billion in 2023 and is projected to grow at a 9.1% CAGR through 2032 due to the surging intensity of weather-related disasters and increasing investments across the real state sector.

The diesel segment of the standby construction generator sets will witness a growth rate of over 8% from 2024 to 2032 due to their higher fuel efficiency and ease of operation, and regulatory agencies implementing strict emissions regulations.

Asia Pacific standby construction generator sets industry is set to surpass USD 3.5 billion by 2032 due to the high investment in construction, increasing environmental concerns and growing regulatory pressure.

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 and Kohler Co.. among others.

Standby Construction Generator Sets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 40
  • Countries covered: 35
  • Pages: 110
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