Global Gensets Market Growth 2023-2029

Global Gensets Market Growth 2023-2029

A genset (generator set) is used to power the reefer container when normal shore power is not available. E.g. when trucking over long distances or when chilled or sensitive cargo is being moved. The majority of the gensets are clipped on to the upper front of the reefer container (clip-on genset). Another type of genset can be attached to the standard chassis frame (underslung genset).

LPI (LP Information)' newest research report, the “Gensets Industry Forecast” looks at past sales and reviews total world Gensets sales in 2022, providing a comprehensive analysis by region and market sector of projected Gensets sales for 2023 through 2029. With Gensets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gensets industry.

This Insight Report provides a comprehensive analysis of the global Gensets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gensets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gensets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gensets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gensets.

The global Gensets market size is projected to grow from US$ 36360 million in 2022 to US$ 53030 million in 2029; it is expected to grow at a CAGR of 53030 from 2023 to 2029.

Inadequate power supply along with accelerated demand for reliable and continuous power will stimulate the global generator sets market size. The industry is extensively driven on account of expanding population and urbanization on a global scale. Increasing intensity and frequency of weather-related disasters resulting in prolonged outages will further boost the product adoption.

This report presents a comprehensive overview, market shares, and growth opportunities of Gensets market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Gasoline
Diesel
Natural Gas
LPG
Others

Segmentation by application
Residential
Commercial
Industrial
Telecom

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cummins
Caterpillar
Man Diesel & Turbo
Valley Power Systems
Volvo
Kohler
Deutz
ABB
Wartsila
Dresser Rand
Daihatsudiesel
Rolls-Royce Power System
Sole Diesel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gensets market?

What factors are driving Gensets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gensets market opportunities vary by end market size?

How does Gensets break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.