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Standby Generator Sets Market Share
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
How significant is the market for standby generator sets rated between 300 kVA and 500 kVA?
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.
How big is the standby generator sets market?
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.
What is the growth rate of the gas standby generator sets market?
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.
What is the projected size of the U.S. standby generator sets market by 2034?
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.
Who are the major players in the standby generator sets market?
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.