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Standby Generator Sets Market Share

Report ID: GMI5967
Published Date: Nov 2024
Report Format: PDF

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Standby Generator Sets Market Share

Standby Generator Sets Company Market Share Analysis, 2024

The manufacturers in the market are employing various strategic approaches to strengthen their market position and meet evolving customer demands. Key strategies include the integration of advanced technologies such as IoT, AI-driven analytics, and remote monitoring systems to enhance product efficiency, reliability, and user experience. Additionally, the industry participants are investing in robust after-sales services, including maintenance and performance optimization programs, to build long-term customer relationships.

Standby Generator Sets Market Companies

Major players operating in the standby generator sets industry are:

Ashok Leyland
Atlas Copco
Briggs and Stratton
Caterpillar
Cummins
Eaton
Generac Power Systems
Gillette
Himoinsa
Hipower
JCB
Kirloskar
Rhelko
MAHINDRA POWEROL
Powerica
Rolls-Royce
Wartsila
Yamaha Motor

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for standby generator sets was reached USD 26 billion in 2024 and is estimated to grow at a 6.3% CAGR from 2025 to 2034, driven by the growing demand for continuous power supply.

The market for standby generator sets rated between 300 kVA and 500 kVA is expected to surpass USD 9 billion by 2034, driven by frequent power outages and natural disasters.

The gas standby generator sets market is anticipated to grow at a CAGR of over 6.5% through 2034, led by the emphasis on cleaner and more sustainable energy solutions.

The U.S. standby generator sets market is set to reach over USD 6.5 billion by 2034, propelled by extreme weather conditions, aging power infrastructure, and the need for uninterrupted power supply in critical sectors.

Major players include Ashok Leyland, Atlas Copco, Briggs and Stratton, Caterpillar, Cummins, Eaton, Generac Power Systems, Gillette, Himoinsa, Hipower, JCB, Kirloskar, Rhelko, MAHINDRA POWEROL, Powerica, Rolls-Royce, Wartsila, and Yamaha Motor.