Commercial Genset Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Genset is a device that converts motive power into electrical power for use during the interruption of power supply. The growing demand for a steady power supply and the need for emergency backup power solutions are the key driving factors for the commercial genset market growth. Furthermore, the growing demand for power generation, owing to rapid urbanization and an increasing number of data centers, educational institutions, hospitals, malls, theaters, and other places. This factor is likely to propel the growth of the commercial genset market during the forecast period.

MARKET DYNAMICS

The growing construction activities, limited availability of power in remote & off-grid locations, and rising significance of electricity backup & emergency preparedness amongst consumers are the primary driving factor for the growth of the commercial genset market growth. However, limited duration of power supply off and stringent environmental regulations toward the emission of hazardous gases are the major restraint for the commercial genset market. Further, burgeoning expansion in the telecom sector and an increase in the need for power backup facility, an increase in preference for natural-gas fuel generators is expected to drive the commercial genset market growth.

MARKET SCOPE

The "Global Commercial Genset Market Analysis to 2031 is a specialized and in-depth study of the commercial genset industry with a special focus on the global market trend analysis. The report aims to provide an overview commercial genset market with detailed market segmentation as power rating, fuel, application, end-user, and geography. The global commercial genset market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial genset market players and offers key trends and opportunities in the commercial genset market.

MARKET SEGMENTATION

The global commercial genset market is segmented on the basis of power rating, fuel, application, end-user. On the basis of power rating the market is segmented as below 75 kVA, 75-375 kVA, 375-750 kVA, above 750 kVA. On the basis of fuel the market is segmented as diesel, gas, hybrid. On the basis of application the market is segmented as standby, peak shaving, prime/continuous. On the basis of end-user the market is segmented as telecom, healthcare, data centers, educational institutions, government centers, hospitality, others

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global commercial genset market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial genset market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting commercial genset market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the commercial genset market in these regions.

MARKET PLAYERS

The reports cover key developments in the commercial genset market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Commercial genset market are anticipated to lucrative growth opportunities in the future with the rising demand for commercial genset in the global market. Below mentioned is the list of few companies engaged in the commercial genset market.

The report also includes the profiles of key commercial genset companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Atlas Copco
  
•   Briggs & Stratton, LLC
  
•   Caterpillar Inc.
  
•   Cummins Inc.
  
•   Generac Power Systems, Inc.
  
•   JCB
  
•   Kirloskar Oil Engines Limited (KOEL)
  
•   Kohler Co.
  
•   mtu solutions (Rolls-Royce Power Systems AG)
  
•   Yanmar Holdings Co., Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Commercial Genset Report Scope