Commercial Gensets Market Share

  • Report ID: 6817
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Commercial Gensets Market Share

Asia Pacific Market Forecast

Asia Pacific in commercial gensets market is set to account for more than 56% revenue share by the end of 2037. The swift industrial and urban activities, growing adoption of smart technologies, and high expansion of telecommunications and data centers are fueling the sales of commercial gensets. India, China, Japan, and South Korea are some of the top marketplaces for commercial genset manufacturers.

In India, the high investments in infrastructure development projects and the rise in the manufacturing and telecommunications sector are increasing the demand for commercial gensets. For instance, the India Brand Equity Foundation (IBEF) reveals that in the union budget 2024-25, the government invested around USD13.98 billion in the telecommunications and IT sectors. Furthermore, the World Integrated Trade Solution (WITS) report estimated that around 1,148,380 generators & alternators were exported from India, in 2023.

China’s strong manufacturing companies and defense facilities are major users of commercial generator sets. Technological advancements and favorable regulatory policies are driving the production of commercial gensets in the country. The report by the Observatory of Economic Complexity elaborated that the export of Chinese generators and alternators totaled USD 631 million in 2022.

North America Market Statistics

The North America commercial gensets market is expected to increase at a swift pace during the anticipated period. The strong presence of data centers, cleaner energy trends, and booming construction activities are driving the sales of both conventional as well as hybrid commercial gensets. The existence of industry giants is also positively augmenting the market growth in the region.

In the U.S., the rising adoption of cloud-computing technologies by end use industries and the growth in e-commerce activities is fueling the adoption of commercial gensets. The swift expansion of residential and commercial structures is also augmenting the demand for compact and reliable generator sets. The World Integrated Trade Solution (WITS) analysis revealed that around 10,376,000 generators and alternators were exported from the U.S., in 2023.

In Canada, the mining sector is highly dominating the sales of commercial gensets, as the mining operations are dependent on high power capacities. Canada is the fourth largest producer of oil worldwide and over 5.1 million barrels of oil per day were produced in 2023. Thus, from these statistics, it can be understood that to carry out such big oil production activities uniform accessibility to power is necessary, and to avoid any disturbance the adoption of advanced commercial gensets is gaining a boom.

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Author Credits:  Dhruv Bhatia


  • Report ID: 6817
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global commercial gensets market will be valued at USD 15.8 billion in 2025.

Expanding at a CAGR of 7.8%, the global market is expected to increase from USD 14.7 billion in 2024 to USD 38.9 billion by 2037.

Some leading companies are Ashok Leyland Limited, Atlas Copco Group, Doosan Corporation, Caterpillar, Inc., Cummins, Inc., and FG Wilson.

The diesel segment is estimated to capture a high 73.5% of the market share through 2037.

Asia Pacific is expected to hold 56% of the global market share through 2037.
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