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Standby Construction Generator Sets Market Size

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

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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.

Standby Construction Generator Sets Market

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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.

Standby Construction Generator Sets Market Report Attributes
Report Attribute	Details
Base Year:	2023
Standby Construction Generator Sets 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:	Surging intensity of weather-related disasters Increasing investments across the real state sector Surging demand for emergency power
Pitfalls & Challenges:	High maintenance cost

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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.

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.