Commercial Gensets Market Segmentation:
Fuel (Diesel, Gas, Hybrid)
By the end of 2035, diesel segment is likely to hold over 73.5% commercial gensets market share. The cost-effectiveness of diesel compared to other fuels is the main factor contributing to the segmental growth. The durability and high performance offered by the diesel commercial gensets are also driving their sales growth. Construction, telecom, and manufacturing are the major application areas of diesel commercial gensets as they require continuous power. Considering the increasing demands, manufacturers are employing new product launch strategies.
For instance, in August 2022, Caterpillar, Inc. announced the launch of 3 new standby diesel generator sets in North America. From 20 to 20 Kw capacity, these gensets are finding high applications in telecommunications and small industrial & commercial units. Such an additional option range is driving the high attention of end users, further contributing to Caterpillar’s revenue growth.
Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA)
In commercial gensets market, ≤ 50 kVA segment is poised to capture over 18.8% revenue share by 2035. Small and medium-sized enterprises are prime end users of ≤ 50 kVA gensets. These companies widely seek reliable, compact, cost-effective, and reliable power sources for their operations. Running on tight budgets, these enterprises invest in ≤ 50 kVA commercial gensets to meet their specific requirements.
The rise in the number of small-scale businesses and the increasing emergence of start-ups are augmenting the sales of ≤ 50 kVA generator sets. Furthermore, commercial properties such as small buildings, offices, shops, restaurants, and medical clinics highly invest in ≤ 50 kVA gensets to stay connected in power outage situations. Thus, easy-to-install, maintain and operate ≤ 50 kVA gensets are gaining high tractions around the globe.
Our in-depth analysis of the global commercial gensets market includes the following segments:
|
Fuel |
|
|
Power Rating |
|
|
End use |
|
|
Application |
|
