+1-888-308-5802     
News Contact Us

By 2025 Industrial Generator Sets Market burst to touch $13 bn

Author : Rahul Sankrityayan | Published Date : 2020-10-08 

The Asia Pacific is likely to emerge as a prominent market for industrial gensets owing to rising industrialization, majorly across ASEAN nations. Countries in the region are attracting huge investments from foreign companies, establishing greater prospects for product installation. The region’s evolving automotive sector has witnessed a rise in production activities, driving the deployment of industrial gensets.

The global industrial generator sets market is set to witness exponential growth over the coming years due to escalating need for reliable power backup solutions. Expanding production capacities across industries has fuel the demand for industrial generator sets. The system offers features like quick response, reliability, and simplicity of operations. With growing significance, Global Market Insights, Inc., anticipates that the global industrial generator sets market may record installation of more than 200 thousand units by 2025.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3354

However, heavyweight of diesel generators could hamper product acceptance. These generators require longer time for installation. Meanwhile, natural gas-based industrial gensets are highly expensive to run and emit greater amount carbon dioxide which contributes to climate change. Factors that may impede market outlook.

Mentioned below are the major trends fostering global industrial generator sets market size:

  • Growing preference for 375-750 kVA industrial gensets 

The demand for 375-750 kVA industrial gensets have surged considerably across the mining sector of North America. These gensets can effectively support heavy-duty electric machinery like excavating conveyor belts, and cranes. Due to its mobility feature, the product can be used across wide-ranging mining activities which include extraction of coal, gas, metal, and iron.

  • Escalating deployment across the oil and gas sector

The industrial generator sets market from the oil and gas application exceeded a valuation of $1.5 billion in 2018. The application sector is likely to observe heavy installations over the coming years owing to the extensive use of the gensets to provide uninterrupted power supply across various activities.

These activities include loading, pumping, and drilling in the oil and gas sector. Substantial deployment of on-site gensets in remote areas to support enhanced drilling equipment would impel segment growth in the near future.

  • Rapid industrialization across Asia Pacific

Acquisition and mergers with international firms is expected to majorly favor APAC industrial generator sets market size. In 2019, PR Industrial (Pramac), a unit of Generac holdings, acquired a majority stake in Indian customized generator manufacturer, Captiva Energy Solutions primarily to expand its power generator footprint in the country.

The competitive landscape of the global industrial generator sets market is inclusive of players such as Briggs & Stratton, SDMO, Mahindra Powerol, MTU Onsite, Cummins, Caterpillar, Himoinsa, Kirloskar Oil Engines Limited, and Generac among others. 

Partial Table of Contents (ToC) of the report:

Chapter 4 Global Industrial Generator Sets Market, By Power Rating

4.1 Global industrial gensets market share by power rating, 2018 & 2025

4.2 <75 kVA

4.2.1 Global market from <75 kVA, 2014 – 2025

4.2.2 Global market from <75 kVA, by region, 2014 - 2025

4.3 75-375 kVA

4.3.1 Global market from 75-375 kVA, 2014 – 2025

4.3.2 Global market from 75-375 kVA, by region, 2014 - 2025

4.4 375-750 kVA

4.4.1 Global market from 375-750 kVA, 2014 – 2025

4.4.2 Global market from 375-750 kVA, by region, 2014 - 2025

4.5 >750 kVA

4.5.1 Global market from >750 kVA, 2014 – 2025

4.5.2 Global market from >750 kVA, by region, 2014 - 2025

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/industrial-generator-sets-market  

Browse Related Reports:

Generator Sets Market Value to Reach $40 Billion by 2030, Says Global Market Insights, Inc.

Diesel Gensets Market value to cross $21 billion By 2026, Says Global Market Insights, Inc.

Diesel Generator Market revenue is anticipated to register over 6% CAGR from 2020 to 2026, impelled by growing susceptibility of grid infrastructure to external damage.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. [email protected] | https://twitter.com/sankritsays

Related News

Whiskey Market Size | Types (Scotch whiskey, American whiskey, Canadian whiskey, Irish whiskey)

Published Date: 2020-10-27         Author: Rahul Sankrityayan

DecResearch Inc. is one of the prominent market research firms has published a report on Whiskey Market. The report provides an in-depth analysis of the market which will support the clients to make the right business decisions. The Whiskey report also analyzes historical, current, and future data o... Read More

Squash Market Size | CAGR during 2019 to 2026

Published Date: 2020-10-26         Author: Rahul Sankrityayan

DecResearch Inc., has recently added a detailed research report on the Squash Market by means of industry strategies, recent trends, growth rate, Key players and their profile, industry shares, regional analysis & Forecast from 2020-2026. This report is inclusive of considerable information that... Read More

Biosolids Market Size | CAGR during 2019 to 2026

Published Date: 2020-10-26         Author: Rahul Sankrityayan

DecResearch Inc., has recently added a detailed research report on the Biosolids Market by means of industry strategies, recent trends, growth rate, Key players and their profile, industry shares, regional analysis & Forecast from 2020-2026. This report is inclusive of considerable information t... Read More

© 2020 Fractovia. All Rights Reserved