Generator Sets Market Analysis

Type (Diesel Generator Sets, Gas Generator Sets, Hybrid Generator Sets)

The diesel generator sets market is likely to capture a share of 65.9% during the forecast period. Diesel generator sets remain high in demand due to their fuel efficiency and low running cost, which makes them very popular across all sectors. In March 2022, Mitsubishi Heavy Industries Engine & Turbocharger launched the MGS-R Series of diesel generator sets. This series provides commercial facilities with reliable backup power to meet the rapidly growing demands made by the digital economy, particularly by data centers across Asia and the Middle East.

Continued innovation in diesel generator technology serves to further establish its critical role in supporting essential infrastructures across key regions.

Mobility (Stationary Generator Sets, Portable Generator Sets)

Stationary generator sets market is poised to hold over 70.6% revenue share by the end of 2037. Stationary generator sets have sustained their growth due to the critical role they serve by providing reliable, high-capacity power generation for infrastructures and industries. These generators provide continuous services and protection from costly outages to facilities, such as data centers, industrial facilities, and commercial facilities.

Phase (Single-Phase Generator Sets, Three-Phase Generator Sets)

Three-phase generator sets market are likely to hold a revenue share of 65.2% by 2024. The three-phase generators segment has garnered popularity over the past few years as more industries and commercial entities apply and harness highly effective power output and efficiency from the generators.

In May 2024, Jakson Group launched its state-of-the-art power generation solution with advanced fuel efficiency and real-time monitoring capabilities, and christened the CPCB IV+ Compliant Genset, further affirming the industry's commitment to innovations. Innovations such as these are likely to drive the available potential in three-phase generator sets in the years ahead as industrial activities keep expanding.

Our in-depth analysis of the market includes the following segments: