Global Industrial Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Pr

Global Industrial Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), By Fuel (Diesel, Gas, Others) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Brazil, Mexico, Argentina, Chile), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019- 2025

Global Industrial Generator Sets Market share by 2025 is expected to expand over 200 thousand units. Increasing demand for reliable electricity supply from real estate development, rapid industrialization, and infrastructural expansion will augment the global industrial gensets market. Growing need to expand generation capacities to cater the rising demand across several industries will complement the deployment of these units. The diverse applicability of the gensets lay in their simplicity of operations, quick response, and reliability.

Growing frequency & intensity of weather disasters which results into prolonged power outages coupled with rampant deployment of gensets as a primary electricity source will positively influence the global industrial generator sets market. These products are deployed across multiple industries that include pharmaceuticals, automotive, construction, and mining, where the power grid supply is unavailable. Ongoing industrialization coupled with rising fund flow toward infrastructure development will boost the industry outlook.

The >375-750 kVA based industrial gensets market is set to witness a substantial upsurge on account of increasing demand from growing mining activities, most notably observed across North America. The industrial products provide an adequate solution to electric heavy-duty equipment which include excavating conveyor belts, cranes, machinery, etc. These are applicable for broad-ranging mining operations comprising meta, coal, gas, or iron mining, owing to their mobility across far-fetched mining that comprise extreme conditions.

Oil & Gas (O&G) industrial generator sets market share surpassed USD 1.5 billion in 2018. These generators form an essential part to offer continuous electricity for activities including pumping, loading, and drilling in the O&G sector. The significant installation of on-site gensets across remote locations to power enhanced drilling equipment will positively influence the product adoption.

Prime power based industrial generator sets market is anticipated to observe growth on the account of their application in expanding infrastructure and resurgent industrialization across the developing economies. These products are majorly deployed across distant locations that include mining & construction sites, and O&G fields, which lack access to the power grid.

Diesel based industrial gensets market share is set to surpass 6% by 2025. Round the clock electricity availability and low up-front costs are the prime factors proliferating the deployment of diesel units across diverse applications. Furthermore, a considerable surge in the current industrial revolution has contributed into a significant growth in the demand of power to support the diverse industries.

Asia Pacific market share is expected to witness growth owing to lower operating costs, primarily across ASEAN counties, that are attracting investments from large manufacturing facilities, are establishing broader prospects for the installation of industrial generator sets. In addition, the region is evolving as an export hub and cost-efficient automotive production which will stimulate the industry scenario.

Eminent industry participant operating in the global industrial gensets market comprise Generac, Kirloskar Oil Engines Limited, Himoinsa, Caterpillar, Cummins, MTU Onsite, Mahindra Powerol, SDMO, Briggs & Stratton, amongst others.