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2021
Commercial Gensets Market

Commercial Gensets Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09287
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Dec 2021 | 417 Views
   
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COVID-19

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Genset, a combination of an engine and an alternator, is used to convert mechanical energy into electrical operations. The engine converts the chemical energy of the fuel into mechanical energy, which is further used to rotate the alternator generating electricity. The major components of gensets include batteries, fuel tank, control panel, and automatic transfer switch. Genset, a cost- effective device with high efficiency and reliability, is used as a backup device to avoid sudden power failure in construction site, airport, and railways. Power failure in commercial centers can lead to closure of cash registers, IT equipment, and automatic doors. Gensets manufactured by companies, such as Caterpillar and Cummins, are widely used for commercial purpose.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Application, Power Rating, Industry Vertical, Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Copco, Ashok Leyland, C&S Electric, Caterpillar, Kohler Power Group, Escorts Group, Cummins, Kirloskar Oil Engines Ltd., Sterling Generators Pvt. Ltd., Hero Honda Motor Co., Powerica Ltd., Briggs & Stratton, Ingersoll—Rand PLC, Yamaha Motor Pvt. Ltd., Generac, Paramac, Mitsubishi Heavy Industries, Himoinsa S.L.

 

COVID-19 scenario analysis:

  • Coronavirus outbreak has a significant impact on the global economy.
  • Electricity as well as demand for gensets has already shown a downward trend due to shut down of industrial and commercial establishments, thereby leading to a financial crisis in the economy.
  • Largest consumers, such as industries, factories, and railways, are shutting down or operating at a very limited aspect due to lockdown, which has made a big change in the level of demand for gensets.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Growing demand for uninterrupted power supply and hybrid diesel genset drives the growth of the market. There is rise in demand for electricity as well especially in rural region. This is also expected to fuel the demand for commercial genset. Further growth of the industrial sector is also leading to the rise in demand for commercial genset.

Regional outlook: 

The regional outlook includes North America (the U.S. and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa. North America has witnessed high growth in the gensets market. Attributed to growing industrial activities in the Asia-Pacific region, commercial gensets are becoming more popular, which is leading to the growing demand across the globe.  

Market participants:

The major key players analyzed include Atlas Copco, Ashok Leyland, C&S Electric, Caterpillar, Kohler Power Group, Escorts Group, Cummins, Kirloskar Oil Engines Ltd., Sterling Generators Pvt. Ltd., Hero Honda Motor Co., Powerica Ltd., Briggs & Stratton, Ingersoll—Rand PLC, Yamaha Motor Pvt. Ltd., Generac, Paramac, Mitsubishi Heavy Industries, and Himoinsa S.L.

Key segments covered:

Segments

Sub-segments

  Application

  • Standby Power
  • Peak Shaving
  • Prime Or Continuous Power

  Power Ratings

  • <75 kVA
  • 75-375 kVA
  • 375-750 kVA
  • >750 kVA

 

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverages
  • Healthcare
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global commercial gensets market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global commercial gensets market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global commercial gensets market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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