The Gas Generator Sets Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Gas Generator Sets Market?
The growth trend in the Gas Generator Sets Global Market Report 2025 market demonstrates steady growth. The market size was $8.94 billion in 2024, and it's projected to increase to $9.36 billion in 2025, with a CAGR of 4.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Gas Generator Sets Industry?
The global gas generator sets market is predicted to reach $11.41 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.1%.
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What are the Key Growth Drivers Fueling the Gas Generator Sets Market?
The key drivers in the gas generator sets market are:
• Integration of gas generator sets into hybrid and microgrid systems
• Rising demand for energy-efficient combined heat and power (CHP) systems
• Adoption of low-emission and renewable natural gas sources
• Customization of generator sets for specific industrial applications and a shift towards decentralized power generation and distributed energy resources.
Global Market Segmentation: Identifying Major Gas Generator Sets Industry Segments
The gas generator sets market covered in this report is segmented –
1) By Fuel Type: Natural Gas, Biogas, Other Fuel Types
2) By Power Rating: Less Than 50 kVA, 51 kVA - 125 kVA, 126 kVA - 200 kVA, 201 kVA - 330 kVA, 331 kVA - 750 kVA, Above 750 kVA
3) By Application: Standby, Peak Shaving, Prime Or Continuous
4) By End-User: Residential, Industrial, Commercial, Power and Energy, Other End-Users
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What are the Emerging Trends Shaping the Future of the Gas Generator Sets Market?
The key trends in the sanitary pumps and valves market are:
• Integration of gas generator sets in hybrid and microgrid systems is a key emerging trend.
• There is a growing trend towards the use of combined heat and power systems for increased energy efficiency.
• The market is seeing increased adoption of low-emission and renewable natural gas sources.
• Customization of generator sets for specific industrial applications is becoming increasingly popular.
Who Are the Top Competitors & Leading Players in the Gas Generator Sets Market?
Major companies in the gas generator sets market are:
• Cummins Inc.
• Briggs & Stratton Corporation
• Kohler Co.
• Generac Power Systems Inc.
• Caterpillar Inc.
• General Electric Company
• Siemens AG
• Wärtsilä Corporation
• Doosan Infracore Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Yanmar Co. Ltd.
• Himoinsa S.L.
• Perkins Engines Company Limited
• Deutz AG
• MAN Energy Solutions SE
• INNIO Group
• Baudouin
• JCB Power Products Ltd.
• Liebherr Group
• Atlas Copco AB
• Volvo Penta
• John Deere Power Systems
• Scania AB
• WhisperPower B.V.
• Mase Generators
• FG Wilson (Engineering) Ltd.
• SDMO Industries SAS
• Hitzinger GmbH
Regional Dominance: Which Area Leads the Global Gas Generator Sets Market?
North America was the largest region in the gas generator sets market in 2024
