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Standby Construction Generator Sets Market Trends

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

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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.

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.