The global genset market size reached US$ 41,666.2 million in 2022. Over the forecast period, global gensets demand is anticipated to rise at a 6.6% CAGR. Total market value is predicted to increase from US$ 44,234.2 million in 2023 to US$ 69,218.4 million in 2033.
Attributes
Key Insights
Genset Market Size in 2018
US$ 35,548.1 million
Estimated Genset Market Value (2023)
US$ 44,234.2 million
Projected Genset Market Revenue (2033)
US$ 69,218.4 million
Value-based Genset Market CAGR (2023 to 2033)
6.6%
The escalating expenses of power outages across several IT-enabled service firms and data centers, together with increased consumer awareness of the need for a dependable emergency power source, are expected to drive the genset market growth. The market is also influenced by the growing susceptibility of grid power plants to catastrophes brought on by regionally variable weather patterns.
Rural electrification projects aim to bring electricity to remote and underserved communities. Diesel gensets provide a viable and cost-effective solution in these scenarios, helping bridge the gap in access to essential services and improving the quality of life for residents. The demand for gensets in military and defense infrastructure is driven by the critical need for uninterrupted power supply, and several key factors influence this demand.
Governments worldwide depend on gensets to safeguard military bases, ensuring that vital operations, communication systems, and security measures remain operational. The reliability and autonomy of gensets would make them a crucial component of defense strategies.
The growth of the telecommunications industry, especially in developing regions, is driving demand for gensets to power cell towers and communication networks. These systems offer a consistent power supply, ensuring seamless connectivity.
The increasing reliance on data centers for digital services has created a significant demand for reliable backup power solutions. Gensets are preferred for ensuring uninterrupted operations in these critical facilities.
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Key Genset Market Highlights
Market to Expand Nearly 1.6x Over 2033
The global genset market is predicted to expand over 1.6x through 2033, amid a 1.2% increase in expected CAGR compared to the historical one. This is due to the growing demand for energy resilience and uninterrupted power supply across diverse industries, including manufacturing, data centers, healthcare, and telecommunications.
The increasing frequency of natural disasters, coupled with the expansion of infrastructure in remote and off-grid areas, further propels the adoption of gensets, driving the market's growth. Advancements in generator technologies, improved fuel efficiency, and the rising focus on sustainable power solutions contribute to the positive trajectory of the global genset market. By 2033, the total market revenue is set to reach US$ 69,218.4 million.
Asia Pacific to Remain the Hotbed for Genset Manufacturers
As per the latest analysis, Asia Pacific is expected to rise substantially in the global genset market during the forecast period. This is attributed to the following factors:
Rapid Industrialization: The robust industrialization observed in countries across Asia Pacific, particularly in emerging economies such as China and India, is a significant driver for the increased demand for gensets. Industries in these nations require reliable power sources to support their expanding operations.
Infrastructure Development: Ongoing infrastructure development projects in countries such as China, India, and Southeast Asia contribute to the rising demand for gensets. These projects often involve construction in remote or off-grid areas, necessitating reliable power solutions.
Increasing Urbanization: Urbanization in Asia Pacific leads to a higher concentration of critical infrastructure and commercial establishments in urban centers. Gensets are vital in ensuring uninterrupted power supply in these densely populated areas.
Natural Disaster Prone Areas: Asia Pacific is prone to natural disasters such as typhoons, earthquakes, and floods. Gensets become crucial in these areas to provide backup power during emergencies and help maintain essential services.
Growing IT and Telecom Sector: The expanding information technology (IT) and telecommunications sector in countries such as India and China contributes significantly to the demand for reliable power sources, driving the adoption of gensets in data centers and communication facilities.
Commercial Sector as an End-use to Steal the Show
The commercial sector is expected to dominate the global genset market. This is attributable to the rising reliance on technology and the increasing number of critical facilities within the commercial sector. The heightened demand for reliable and uninterrupted power sources to sustain these diverse commercial operations positions gensets as indispensable solutions, further driving their dominance in the global market.
The continuous expansion of the commercial sector, coupled with the need for energy resilience, further underscores the pivotal role of gensets in ensuring business continuity and safeguarding against the impact of power disruptions. On the other hand, the residential segment is anticipated to witness a considerable demand during the forecast period.
It is primarily due to the increasing focus on home automation, rising urbanization, and the growing awareness about the importance of having a reliable backup power source. The residential segment's robust CAGR is driven by the rising adoption of smart home technologies, often requiring a consistent power supply and the desire for enhanced energy security in residential settings.
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2018 to 2022 Genset Market Outlook Vs. 2023 to 2033 Forecast
Sales of genset grew at a CAGR of 5.3% between 2018 and 2022. Total market revenue reached around US$ 41,666.2 million in 2022. In the forecast period, the worldwide genset industry is set to thrive at a CAGR of 6.6%.
Historical CAGR (2018 to 2022)
5.3%
Forecast CAGR (2023 to 2033)
6.6%
The global genset market witnessed slow growth between 2018 and 2022. This was due to several factors, including economic uncertainties, geopolitical tensions, and the impact of the COVID-19 pandemic, which led to disruptions in supply chains and delayed projects across multiple industries.
During this period, businesses took a cautious approach toward capital expenditures, resulting in deferred investments in power generation equipment. A shift towards sustainable energy solutions and the increasing emphasis on environmental regulations prompted some industries to explore alternative power sources, affecting the immediate growth of traditional genset markets.
Despite these challenges, the market demonstrated resilience. As global economic conditions stabilized, a renewed focus on energy resilience and reliability began to drive the recovery and resurgence of the global genset market.
Future Scope of the Genset Market
The future outlook for the global genset market is optimistic, with an anticipated valuation of US$ 69,218.4 million in 2033. This growth is driven by the increasing demand for reliable backup power solutions in disaster-prone regions and industries, coupled with expanding industrial activities in emerging economies.
Advancements in genset technologies, including enhanced fuel efficiency and innovative features, contribute to market appeal amid a growing emphasis on sustainable power solutions. The rising need for uninterrupted power in the IT and telecommunications sector and government initiatives supporting infrastructure projects further propels market expansion. Combining these factors positions the genset market for robust and healthy development over the forecast period.
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Genset Market Trends and Analysis
Rising Energy Demand
The global diesel genset market is experiencing significant growth due to the ever-increasing demand for reliable backup power solutions. Rapid industrialization and urbanization are occurring across the globe, resulting in higher energy consumption. In this context, power outages can lead to substantial economic losses for industries, businesses, and critical infrastructure. Diesel gensets are crucial in such scenarios, as they provide a dependable and immediate source of electricity during grid failures.
The digital age has increased dependency on electronic devices and data centers. Any disruption in power supply can have severe consequences, including data loss and financial setbacks. Gensets offer a robust solution, ensuring business continuity and safeguarding critical data centers.
The growing electricity demand is particularly pronounced in emerging economies where access to a stable grid can be challenging. Gensets are indispensable in these regions, powering remote areas, construction sites, mining operations, and rural electrification projects. As energy demand continues to rise globally, the genset market is poised to expand to meet these critical energy needs.
Expanding Telecom Infrastructure
The global proliferation of mobile devices and the increasing demand for high-speed internet connectivity have necessitated the expansion of telecom infrastructure. The rapid growth of the telecom industry, particularly in emerging markets, is a significant driver propelling the demand for gensets.
The rapid urbanization in emerging markets has led to the construction of new urban centers and residential areas. The need for robust telecom networks becomes paramount as these regions are integrated into the global economy. Diesel gensets play a crucial role in supporting the expansion of telecom infrastructure in these areas, guaranteeing uninterrupted connectivity even in locations with unreliable grid access.
Key Factors Restraining Genset Market Growth
Rise of Alternative Energy Sources
The growing adoption of renewable energy sources, such as solar and wind power, presents a formidable restraint to the genset market. This shift is driven by a global commitment to reducing carbon emissions, combatting climate change, and transitioning towards cleaner, sustainable energy solutions.
As solar and wind technologies become increasingly efficient and cost-effective, businesses and industries are choosing these green energy alternatives over traditional diesel generators. Renewable energy sources offer several advantages, including lower operational costs, minimal environmental impact, and access to government incentives and subsidies. This trend is particularly evident in regions where government policies prioritize renewable energy integration.
Noise and Pollution
Gensets, while dependable power sources, are known for their noise and air pollution, posing a substantial constraint, particularly in urban and residential environments. This restraint is intensified by the increasing urbanization and stricter environmental regulations prioritizing cleaner and quieter power solutions.
Noise pollution from diesel gensets can disrupt the tranquility of residential areas and create disturbances in urban settings, leading to complaints and potential legal issues. Several municipalities have implemented noise ordinances to limit sound levels, further limiting the use of gensets in these areas.
Gensets emit air pollutants, including particulate matter and nitrogen oxides, which contribute to poor air quality and pose health risks. Stricter emissions controls and regulations in urban regions aim to reduce these harmful emissions, often requiring advanced emission reduction technologies, which can increase the cost of genset ownership.
Comparative View of Adjacent Genset Markets
The global genset market will likely be impacted by the peer or tangential markets in the industrial automation division. These include other types of markets, such as the solar inverter market and the medium voltage transformer market.
Analysis of these related industries can provide deeper insights that would be helpful for developing unique differentiating strategies to pursue for growth and opportunity in the genset market. For instance, high usage of solar inverters in several applications can eventually create growth prospects for genset manufacturers.
The genset market is expected to surge at a CAGR of 6.6% by 2033. Growing interest in hybrid power systems, which integrate renewable energy sources like solar and wind power with conventional gensets, would fuel growth.
The solar inverter market is projected to rise at a 6.0% CAGR by 2033. Integration of cutting-edge control systems would boost efficiency and maximize the use of renewable energy.
On the contrary, the medium voltage transformer market is expected to rise at a CAGR of 4.5% by 2033. The need for medium voltage transformers to enable the expansion of electric charging infrastructure is being driven by the global trend toward electric automobiles.
Genset Market:
Attributes
Genset Market
CAGR (2023 to 2033)
6.6%
Growth Factor
The growth of telecommunications networks, especially in remote areas, is fueling the adoption of diesel gensets to ensure uninterrupted connectivity.
Key Trend in Genset Market
The market is moving toward more sustainable gensets with reduced emissions and increased fuel efficiency.
Solar Inverter Market:
Attributes
Solar Inverter Industry
CAGR (2023 to 2033)
6.0%
Growth Factor
A pivotal driver in the market is the grid resilience provided by smart inverters. These advanced devices can operate through minor disruptions, including voltage changes.
Key Trend
There is a growing focus on solar inverter designs that are ecologically friendly, which includes using materials with less of an impact on the environment and biodegradable insulating fluids.
Medium Voltage Transformer Market:
Attributes
Medium Voltage Transformer Industry
CAGR (2023 to 2033)
4.5%
Growth Factor
Capitalize on sustainable energy, advanced tech, and a flourishing future within the medium voltage transformer market.
Key Trend
Escalating energy needs worldwide would drive the demand for efficient medium voltage transformers to sustain power supply.
Country-wise Insights
The table below highlights key countries’ genset market revenues. China, India, and the United States are expected to remain the top three consumers of gensets, with expected valuations of US$ 8,713.5 million, US$ 7,309.7 million, and US$ 5,231.2 million, respectively in 2033.
Countries
Genset Market Revenue (2033)
China
US$ 8,713.5 million
India
US$ 7,309.7 million
United States
US$ 5,231.2 million
Germany
US$ 2,903.7 million
Russia
US$ 2,386.6 million
Expanding Tourism and Hospitality Sectors Fueling the United Arab Emirates
UAE's genset market is on a trajectory of significant growth, with a projected market size of US$ 1,435.1 million in 2033.
Increasing need for reliable and continuous power in the UAE's booming tourism and hospitality sectors.
The surge in hotel constructions, entertainment venues, and leisure facilities amplifies the demand for gensets to ensure uninterrupted operations, especially in regions with variable power supply.
Gensets are crucial in maintaining high service and guest satisfaction standards in the hospitality industry, providing a resilient power backup solution during unexpected outages.
As the UAE continues to position itself as a global tourist destination, the reliance on gensets for reliable power becomes paramount, supporting the sustained growth of the genset market. This upward trajectory indicates the critical role gensets play in facilitating the seamless functioning of key sectors driving the country's economic prosperity.
Growing Industrialization and Urbanization in China to Drive Expansion
China is poised to remain at the epicenter of market growth for gensets, driven by several pivotal factors. The country is witnessing sustained industrialization, rapid urbanization, and ongoing infrastructure development, all contributing significantly to the escalating demand for reliable power sources.
The emphasis on energy security and resilience in critical sectors such as manufacturing, construction, and information technology further amplifies the need for gensets. Government's strategic initiatives, including investments in sustainable and smart technologies, align with the growing market trends, fostering a favorable environment for gensets' continued dominance.
As a global economic powerhouse, China's robust demand for backup power solutions, driven by a diverse range of industries, solidifies its position as a critical player in the ongoing expansion of the genset market.
Booming Healthcare and IT Sector in Germany to Boost Growth
Germany is a prominent hub for gensets manufacturers, poised to create ample opportunities within its market. The country's commitment to renewable energy and sustainability, coupled with a robust industrial landscape, positions gensets as crucial in ensuring reliable and resilient power supply.
As Germany transitions to cleaner energy sources, the demand for backup power solutions in manufacturing, healthcare, and information technology is expected to surge. The nation's focus on infrastructure development and smart technologies further amplifies the need for gensets.
Manufacturers operating in Germany are well-positioned to leverage these opportunities, aligning their offerings with the country's evolving energy landscape and contributing to the growth and innovation within the genset market.
Growing Commercial Buildings in India to Boost Sales
India’s genset market is primed for robust growth, with an expected CAGR of 7.5% during the assessment period. The burgeoning commercial buildings sector emerges as a key catalyst propelling sales in India's genset market.
With a burgeoning economy and rapid urbanization, the demand for reliable power solutions in commercial establishments such as office complexes, shopping malls, and hospitality venues is escalating. Gensets play a pivotal role in ensuring uninterrupted operations, addressing the critical need for a stable power supply in the face of frequent grid fluctuations and power outages.
The government's initiatives to enhance infrastructure and the increasing focus on innovative and sustainable technologies further contribute to the heightened demand for gensets in the commercial sector. This confluence of factors positions the genset market in India for substantial growth, reflecting the country's dynamic and evolving energy landscape.
Rising Usage of Gensets in Data Centers Driving Demand in the United States
Over the assessment period, the demand for gensets in the United States is projected to surge at a remarkable 8.5% CAGR. This surge in demand can be attributed to the rising usage of gensets in data centers, where reliability and uninterrupted power are critical.
As the United States experiences a significant boom in data center construction and expansion driven by the digital transformation era, gensets play a pivotal role in providing backup power during grid failures or fluctuations. The increasing reliance on cloud computing, online services, and the overall growth of the IT industry intensify the need for a robust and continuous power supply. Gensets, with their capacity to ensure seamless operations during power outages, emerge as indispensable assets for data centers, fueling the substantial growth anticipated in the United States genset market.
Category-wise Insights
The below section shows the leading segment leading end-use and fuel type category. The commercial segment is forecast to thrive at a 5.9% CAGR between 2023 and 2033. Based on fuel type, the diesel segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 6.4% during the forecast period.
Dominance of Commercial End-use to Continue Through 2033
Top Segment (End Use)
Commercial
Predicted CAGR (2023 to 2033)
5.9%
The commercial segment's dominance in the global genset market is attributed to the increasing demand for continuous and reliable power sources across diverse industries. In this category, subsegments such as telecom, healthcare, data centers, educational institutions, government centers, hospitality, retail sales, real estate, infrastructure, and others play pivotal roles. The rise and digitalization of smart cities further fuel the demand for gensets in commercial applications.
The increasing number of businesses, building projects, and vital infrastructure initiatives worldwide demand a consistent power supply, highlighting the importance of generators in this industry. Enterprises invest in reliable backup power solutions due to stringent regulations and the need for energy resilience, further solidifying the commercial end user's significant influence over the genset market.
Demand for Diesel Fuel Type to Remain High in the Market
Top Segment (Fuel Type)
Diesel
Projected CAGR (2023 to 2033)
6.4%
The growth of diesel fuel type is attributed to the inherent advantages of diesel engines, including higher energy density, greater efficiency, and durability, making them well-suited for several applications. Construction, manufacturing, and mining industries often rely on diesel gensets due to their robust performance and fuel efficiency.
The global availability of diesel fuel and the well-established infrastructure for diesel distribution contribute to the continued prominence of diesel-powered gensets in meeting the persistent demand for reliable and efficient power generation across diverse sectors. The diesel segment is projected to thrive at 6.4% CAGR during the forecast period.
Competitive Landscape
Cummins Inc., Caterpillar Inc., Rolls-Royce Power Systems AG, John Deere & Mitsubishi Heavy Industries Ltd, Fischer Panda, Doosan Corporation, Generac Power Systems, Kohler Co., and Himoinsa & Harrington Generators International are the leading manufacturers and suppliers of gensets listed in the report.
Key gensets companies invest in continuous research to produce new products and increase their capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Recent Developments in the Genset Market
In June 2020, Cummins Inc.announced a significant breakthrough with the launch of their next-generation gensets featuring an advanced digital control platform.
On January 25, 2021, Caterpillar Inc.revealed a significant development in the genset market by introducing a new series of gensets focused on sustainability.
Genset Industry Research Scope
Attribute
Details
Estimated Market Size (2023)
US$ 44,234.2 million
Projected Market Size (2033)
US$ 69,218.4 million
Anticipated Growth Rate (2023 to 2033)
6.6%
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Value (US$ million) and Volume (Units)
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered
Power Range
End-use
Application
Fuel Type
Mobility Type
Region
Regions Covered
Asia Pacific
Europe
North America
Rest of World
Key Countries Covered
Germany
France
United Kingdom
Italy
Spain
Russia
Rest of Europe
United States
Canada
Mexico
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Key Companies Profiled
Cummins Inc.
Caterpillar Inc.
Rolls-Royce Power Systems AG
John Deere
Mitsubishi Heavy Industries Ltd.
Atlas Copco
Kohler Co.
Doosan Corporation
Himoinsa
Harrington Generators International
Fischer Panda
Generac Power Systems
Yanmar Co., Ltd.
KIRLOSKAR oil engines Ltd
Wuxi Kipor Power Co., Ltd.
Deutz AG
Ettes Power Lovol
Lister Petter
Genset Market Segmentation by Category
By Power Range:
Below 55 kW
56 to 130 kW
130 to 330 kW
330 to 560 kW
560 to 750 kW
750 to 1000 kW
1000 to 3000 kW
Above 3000 kW
By End-use:
Residential
Commercial
Telecom
Healthcare
Data Centers
Educational Institutions
Government Centers
Hospitality
Retail Sales
Real Estate
Infrastructure
Others
Industrial
Oil and Gas
Manufacturing
Construction
Electric Utilities
Mining
Transportation and Logistics
Others
By Application:
Standby
Peak Shaving
Prime/Continuous
By Fuel Type:
Diesel
Gas
Others
By Mobility Type:
Stationary
Mobile
By Region:
Europe
North America
Asia Pacific
Rest of World
Frequently Asked Questions
What was the value of the global market in 2022?
The global market was valued at US$ 41,666.2 million in 2022.
How big is the genset market?
The global market value is set to reach US$ 44,234.2 million in 2023.
At what rate will the global demand rise through 2033?
Global gensets demand is anticipated to rise at a 6.6% CAGR.
What is the expected market size in 2033?
The global genset market size is set to reach US$ 69,218.4 million by 2033.
Which end-use segment is expected to lead the market?
Commercial segment is expected to lead the market during the forecast period.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Construction industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Market Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Manufacturing Industry forecast
8.2.4. Global Urbanization Growth Outlook
8.2.5. Business Climate
8.2.6. Covid-19 Impact Assessment
8.2.7. End-use Industry Growth Outlook
8.3. Value Chain
8.3.1. Raw Material Suppliers
8.3.2. Product Manufacturers
8.3.3. Probable End Users
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Porter’s Analysis
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Power Range
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Power Range, 2018 to 2022
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Power Range, 2023 to 2033
9.3.1. ≤ 55 kW
9.3.2. > 56 to 130 kW
9.3.3. > 130 to 330 kW
9.3.4. > 330 to 560 kW
9.3.5. > 560 to 750 kW
9.3.6. > 750 to 1000 kW
9.3.7. > 1000 kW to 3000 kW
9.3.8. > 3000 kW
9.4. Market Attractiveness Analysis By Power Range
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2018 to 2022
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2023 to 2033
10.3.1. Residential
10.3.2. Commercial
10.3.2.1. Telecom
10.3.2.2. Healthcare
10.3.2.3. Data Centers
10.3.2.4. Educational Institutions
10.3.2.5. Government Centers
10.3.2.6. Hospitality
10.3.2.7. Retail Sales
10.3.2.8. Real Estate
10.3.2.9. Infrastructure
10.3.2.10. Others
10.3.3. Industrial
10.3.3.1. Oil and Gas
10.3.3.2. Manufacturing
10.3.3.3. Construction
10.3.3.4. Electric Utilities
10.3.3.5. Mining
10.3.3.6. Transportation and Logistics
10.3.3.7. Others
10.4. Market Attractiveness Analysis By End Use
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By Application, 2018 to 2022
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Application, 2023 to 2033
11.3.1. Standby
11.3.2. Peak Shaving
11.3.3. Prime/Continuous
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Fuel Type
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume Analysis By Fuel Type, 2018 to 2022
12.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Fuel Type, 2023 to 2033
12.3.1. Diesel
12.3.2. Gas
12.3.3. Others
12.4. Market Attractiveness Analysis By Fuel Type
13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Mobility Type
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ million) and Volume Analysis By Mobility Type, 2018 to 2022
13.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Mobility Type, 2023 to 2033
13.3.1. Stationary
13.3.2. Mobile
13.4. Market Attractiveness Analysis By Mobility Type
14. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022
14.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033
14.3.1. Europe
14.3.2. North America
14.3.3. Asia Pacific
14.3.4. Rest of World
14.4. Market Attractiveness Analysis By Region
15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United Kingdom
15.4.1.4. Italy
15.4.1.5. Spain
15.4.1.6. Russia
15.4.1.7. Rest of Europe
15.4.2. By Power Range
15.4.3. By End Use
15.4.4. By Application
15.4.5. By Fuel Type
15.4.6. By Mobility Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Power Range
15.5.3. By End Use
15.5.4. By Application
15.5.5. By Fuel Type
15.5.6. By Mobility Type
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. United States
16.4.1.2. Canada
16.4.1.3. Mexico
16.4.2. By Power Range
16.4.3. By End Use
16.4.4. By Application
16.4.5. By Fuel Type
16.4.6. By Mobility Type
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Power Range
16.5.3. By End Use
16.5.4. By Application
16.5.5. By Fuel Type
16.5.6. By Mobility Type
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. China
17.4.1.2. India
17.4.1.3. Japan
17.4.1.4. South Korea
17.4.1.5. Australia
17.4.1.6. Rest of Asia Pacific
17.4.2. By Power Range
17.4.3. By End Use
17.4.4. By Application
17.4.5. By Fuel Type
17.4.6. By Mobility Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Power Range
17.5.3. By End Use
17.5.4. By Application
17.5.5. By Fuel Type
17.5.6. By Mobility Type
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Rest of World Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Country
18.4.1.1. Brazil
18.4.1.2. South Africa
18.4.1.3. Saudi Arabia
18.4.1.4. U.A.E
18.4.1.5. Others
18.4.2. By Power Range
18.4.3. By End Use
18.4.4. By Application
18.4.5. By Fuel Type
18.4.6. By Mobility Type
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Power Range
18.5.3. By End Use
18.5.4. By Application
18.5.5. By Fuel Type
18.5.6. By Mobility Type
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Country-wise Market Analysis 2023 to 2033
19.1. United States Market Analysis
19.1.1. By Power Range
19.1.2. By End Use
19.1.3. By Application
19.1.4. By Fuel Type
19.1.5. By Mobility Type
19.2. Canada Market Analysis
19.2.1. By Power Range
19.2.2. By End Use
19.2.3. By Application
19.2.4. By Fuel Type
19.2.5. By Mobility Type
19.3. Mexico Market Analysis
19.3.1. By Power Range
19.3.2. By End Use
19.3.3. By Application
19.3.4. By Fuel Type
19.3.5. By Mobility Type
19.4. Brazil Market Analysis
19.4.1. By Power Range
19.4.2. By End Use
19.4.3. By Application
19.4.4. By Fuel Type
19.4.5. By Mobility Type
19.5. Germany Market Analysis
19.5.1. By Power Range
19.5.2. By End Use
19.5.3. By Application
19.5.4. By Fuel Type
19.5.5. By Mobility Type
19.6. Italy Market Analysis
19.6.1. By Power Range
19.6.2. By End Use
19.6.3. By Application
19.6.4. By Fuel Type
19.6.5. By Mobility Type
19.7. France Market Analysis
19.7.1. By Power Range
19.7.2. By End Use
19.7.3. By Application
19.7.4. By Fuel Type
19.7.5. By Mobility Type
19.8. United Kingdom Market Analysis
19.8.1. By Power Range
19.8.2. By End Use
19.8.3. By Application
19.8.4. By Fuel Type
19.8.5. By Mobility Type
19.9. Spain Market Analysis
19.9.1. By Power Range
19.9.2. By End Use
19.9.3. By Application
19.9.4. By Fuel Type
19.9.5. By Mobility Type
19.10. Russia Market Analysis
19.10.1. By Power Range
19.10.2. By End Use
19.10.3. By Application
19.10.4. By Fuel Type
19.10.5. By Mobility Type
19.11. China Market Analysis
19.11.1. By Power Range
19.11.2. By End Use
19.11.3. By Application
19.11.4. By Fuel Type
19.11.5. By Mobility Type
19.12. Japan Market Analysis
19.12.1. By Power Range
19.12.2. By End Use
19.12.3. By Application
19.12.4. By Fuel Type
19.12.5. By Mobility Type
19.13. South Korea Market Analysis
19.13.1. By Power Range
19.13.2. By End Use
19.13.3. By Application
19.13.4. By Fuel Type
19.13.5. By Mobility Type
19.14. India Market Analysis
19.14.1. By Power Range
19.14.2. By End Use
19.14.3. By Application
19.14.4. By Fuel Type
19.14.5. By Mobility Type
19.15. Association of Southeast Asian Nations Market Analysis
19.15.1. By Power Range
19.15.2. By End Use
19.15.3. By Application
19.15.4. By Fuel Type
19.15.5. By Mobility Type
19.16. Australia and New Zealand Market Analysis
19.16.1. By Power Range
19.16.2. By End Use
19.16.3. By Application
19.16.4. By Fuel Type
19.16.5. By Mobility Type
19.17. Türkiye Market Analysis
19.17.1. By Power Range
19.17.2. By End Use
19.17.3. By Application
19.17.4. By Fuel Type
19.17.5. By Mobility Type
19.18. South Africa Market Analysis
19.18.1. By Power Range
19.18.2. By End Use
19.18.3. By Application
19.18.4. By Fuel Type
19.18.5. By Mobility Type
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Market)
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis
20.3.1. By Regional footprint of Players
20.3.2. Product foot print of Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Caterpillar Inc.
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Cummins Inc.
21.3.3. Rolls-Royce Holdings Plc.
21.3.4. Himoinsa
21.3.5. Harrington Generators International
21.3.6. Fischer Panda
21.3.7. Kohler Co.
21.3.8. Doosan Corporation
21.3.9. Generac Power Systems
21.3.10. Atlas Copco
21.3.11. John Deere
21.3.12. Mitsubishi Heavy Industries Ltd.
21.3.13. Yanmar Co., Ltd.
21.3.14. Lister Petter
21.3.15. KIRLOSKAR oil engines Ltd
21.3.16. Wuxi Kipor Power Co., Ltd.
21.3.17. Deutz AG
21.3.18. Ettes Power Lovol
22. Assumptions and Acronyms Used23. Research Methodology
List of Tables
Table 01: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By Power Range, 2018 to 2033
Table 02: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 03: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 04: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 05: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By Fuel Type, 2018 to 2033
Table 06: Global Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
Table 07: Global Market Volume (Units) Analysis and Forecast By Region, 2018 to 2033
Table 08: Europe Market Volume (Units) Analysis and Forecast By Country, 2018 to 2033
Table 09: Europe Market Value (US$ million) Analysis and Forecast By Country, 2018 to 2033
Table 10: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By Power Range, 2018 to 2033
Table 11: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 12: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 13: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 14: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By Fuel Type, 2018 to 2033
Table 15: Europe Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
Table 16: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By Country, 2018 to 2033
Table 17: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By Power Range, 2018 to 2033
Table 18: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 19: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 20: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 21: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By Fuel Type, 2018 to 2033
Table 22: North America Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
Table 23: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By Country, 2018 to 2033
Table 24: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By Power Range, 2018 to 2033
Table 25: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 26: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 27: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 28: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By Fuel Type, 2018 to 2033
Table 29: Asia Pacific Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
Table 30: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Country, 2018 to 2033
Table 31: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
Table 31: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Power Range, 2018 to 2033
Table 32: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 33: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By End-Use, 2018 to 2033
Table 34: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Application, 2018 to 2033
Table 35: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Fuel Type, 2018 to 2033
Table 36: Rest of World Market Size (US$ million) and Volume (Units) Analysis and Forecast By Mobility Type, 2018 to 2033
List of Charts
Figure 01: Global Historical Market Volume (Units) Analysis, 2018 to 2022
Figure 02: Global Current and Future Market Volume (Units) Analysis, 2023 to 2033
Figure 03: Global Historical Value (US$ million), 2018 to 2022
Figure 04:Global Value (US$ million) Forecast, 2023 to 2033
Figure 05: Global Absolute $ Opportunity, 2018 to 2023
Figure 06: Global Market Share and BPS Analysis By Power Range, 2023 to 2033
Figure 07: Global Market Y-o-Y Growth Projections By Power Range, 2023 to 2033
Figure 08: Global Market Attractiveness Analysis By Power Range, 2023 to 2033
Figure 09: Incremental $ Opportunity By Power Range, 2023 to 2033
Figure 10: Global Market Share and BPS Analysis By End-Use, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth Projections By End-Use, 2023 to 2033
Figure 12: Global Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 13: Incremental $ Opportunity By End-Use, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis By Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis By Application, 2023 to 2033
Figure 17: Incremental $ Opportunity By Application, 2023 to 2033
Figure 18: Global Market Share and BPS Analysis By Fuel Type, 2023 to 2033
Figure 19: Global Market Y-o-Y Growth Projections By Fuel Type, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis By Fuel Type, 2023 to 2033
Figure 21: Incremental $ Opportunity By Fuel Type, 2023 to 2033
Figure 22: Global Market Share and BPS Analysis By Mobility Type, 2023 to 2033
Figure 23: Global Market Y-o-Y Growth Projections By Mobility Type, 2023 to 2033
Figure 24: Global Market Attractiveness Analysis By Mobility Type, 2023 to 2033
Figure 25: Incremental $ Opportunity By Mobility Type, 2023 to 2033
Figure 26: Global Market Share and BPS Analysis By Region, 2023 to 2033
Figure 27: Global Market Y-o-Y Growth Projections By Region, 2023 to 2033
Figure 28: Global Market Attractiveness Analysis By Region, 2023 to 2033
Figure 29: Incremental $ Opportunity By Region, 2023 to 2033
Figure 30: Europe Market Share and BPS Analysis By Country, 2023 to 2033
Figure 31: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 32: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 33: Europe Market Share and BPS Analysis By Power Range, 2023 to 2033
Figure 34: Europe Market Y-o-Y Growth Projections By Power Range, 2023 to 2033
Figure 35: Europe Market Attractiveness Analysis By Power Range, 2023 to 2033
Figure 36: Europe Market Share and BPS Analysis By End-Use, 2023 to 2033
Figure 37: Europe Market Y-o-Y Growth Projections By End-Use, 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 39: Europe Market Share and BPS Analysis By Application, 2023 to 2033
Figure 40: Europe Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42: Europe Market Share and BPS Analysis By Fuel Type, 2023 to 2033
Figure 43: Europe Market Y-o-Y Growth Projections By Fuel Type, 2023 to 2033
Figure 44: Europe Market Attractiveness Analysis By Fuel Type, 2023 to 2033
Figure 45: Europe Market Share and BPS Analysis By Mobility Type, 2023 to 2033
Figure 46: Europe Market Y-o-Y Growth Projections By Mobility Type, 2023 to 2033
Figure 47: Europe Market Attractiveness Analysis By Mobility Type, 2023 to 2033
Figure 48: North America Market Share and BPS Analysis By Country, 2023 to 2033
Figure 49: North America Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 50: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51: North America Market Share and BPS Analysis By Power Range, 2023 to 2033
Figure 52: North America Market Y-o-Y Growth Projections By Power Range, 2023 to 2033
Figure 53: North America Market Attractiveness Analysis By Power Range, 2023 to 2033
Figure 54: North America Market Share and BPS Analysis By End-Use, 2023 to 2033
Figure 55: North America Market Y-o-Y Growth Projections By End-Use, 2023 to 2033
Figure 56: North America Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 57: North America Market Share and BPS Analysis By Application, 2023 to 2033
Figure 58: North America Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 59: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 60: North America Market Share and BPS Analysis By Fuel Type, 2023 to 2033
Figure 61: North America Market Y-o-Y Growth Projections By Fuel Type, 2023 to 2033
Figure 62: North America Market Attractiveness Analysis By Fuel Type, 2023 to 2033
Figure 63: North America Market Share and BPS Analysis By Mobility Type, 2023 to 2033
Figure 64: North America Market Y-o-Y Growth Projections By Mobility Type, 2023 to 2033
Figure 65: North America Market Attractiveness Analysis By Mobility Type, 2023 to 2033
Figure 66: Asia Pacific Market Share and BPS Analysis By Country, 2023 to 2033
Figure 67: Asia Pacific Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 68: Asia Pacific Market Attractiveness Analysis By Country, 2023 to 2033
Figure 69: Asia Pacific Market Share and BPS Analysis By Power Range, 2023 to 2033
Figure 70: Asia Pacific Market Y-o-Y Growth Projections By Power Range, 2023 to 2033
Figure 71: Asia Pacific Market Attractiveness Analysis By Power Range, 2023 to 2033
Figure 72: Asia Pacific Market Share and BPS Analysis By End-Use, 2023 to 2033
Figure 73: Asia Pacific Market Y-o-Y Growth Projections By End-Use, 2023 to 2033
Figure 74: Asia Pacific Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 75: Asia Pacific Market Share and BPS Analysis By Application, 2023 to 2033
Figure 76: Asia Pacific Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 77: Asia Pacific Market Attractiveness Analysis By Application, 2023 to 2033
Figure 78: Asia Pacific Market Share and BPS Analysis By Fuel Type, 2023 to 2033
Figure 79: Asia Pacific Market Y-o-Y Growth Projections By Fuel Type, 2023 to 2033
Figure 80: Asia Pacific Market Attractiveness Analysis By Fuel Type, 2023 to 2033
Figure 81: Asia Pacific Market Share and BPS Analysis By Mobility Type, 2023 to 2033
Figure 82: Asia Pacific Market Y-o-Y Growth Projections By Mobility Type, 2023 to 2033
Figure 83: Asia Pacific Market Attractiveness Analysis By Mobility Type, 2023 to 2033
Figure 84: Rest of World Market Share and BPS Analysis By Country, 2023 to 2033
Figure 85: Rest of World Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure 86: Rest of World Market Attractiveness Analysis By Country, 2023 to 2033
Figure 87: Rest of World Market Share and BPS Analysis By Power Range, 2023 to 2033
Figure 88: Rest of World Market Y-o-Y Growth Projections By Power Range, 2023 to 2033
Figure 89: Rest of World Market Attractiveness Analysis By Power Range, 2023 to 2033
Figure 90: Rest of World Market Share and BPS Analysis By End-Use, 2023 to 2033
Figure 91: Rest of World Market Y-o-Y Growth Projections By End-Use, 2023 to 2033
Figure 92: Rest of World Market Attractiveness Analysis By End-Use, 2023 to 2033
Figure 93: Rest of World Market Share and BPS Analysis By Application, 2023 to 2033
Figure 94: Rest of World Market Y-o-Y Growth Projections By Application, 2023 to 2033
Figure 95: Rest of World Market Attractiveness Analysis By Application, 2023 to 2033
Figure 96: Rest of World Market Share and BPS Analysis By Fuel Type, 2023 to 2033
Figure 97: Rest of World Market Y-o-Y Growth Projections By Fuel Type, 2023 to 2033
Figure 98: Rest of World Market Attractiveness Analysis By Fuel Type, 2023 to 2033
Figure 99: Rest of World Market Share and BPS Analysis By Mobility Type, 2023 to 2033
Figure 100: Rest of World Market Y-o-Y Growth Projections By Mobility Type, 2023 to 2033
Figure 101: Rest of World Market Attractiveness Analysis By Mobility Type, 2023 to 2033
