Gas Generator Sets Market Size By Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA), By End Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/C

Gas Generator Sets Market Size By Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA), By End Use (Residential, Commercial, Industrial), By Application (Standby, Peak Shaving, Prime/Continuous), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2028

The gas generator sets market is expected to progress significantly by 2028 on account of increasing industrialization and infrastructure development across key regions. Additionally, widespread natural gas production and exploration efforts are likely to further drive market growth over the forecast period.

Gas generator sets offer several benefits, including better fuel efficiency, low emissions, clean burning, sturdy construction, and cost effectiveness. Notably, strict environmental regulations to reduce carbon emissions have augmented industry uptake over the past few years.

The gas generator sets market has been segregated on the basis of application, power rating, end use, and region. From the power rating point of view, the market has further been divided into ≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, and > 750 kVA.

The ≤ 50 kVA sub-segment is projected to exhibit robust growth through the analysis period owing to growing requirement for small and less powerful generator sets across the residential sector. The > 50 kVA - 125 kVA sub-segment is expected to progress at a substantial CAGR over the forecast timeline to reach a considerable valuation by the end of 2028. The booming commercial sector and rising infrastructural investments are likely to fuel segmental expansion over the next few years.

With respect to end use, the gas generator sets market has been categorized into industrial, residential, and commercial. The residential sub-segment is speculated to garner significant gains by the end of the review timeframe due to mounting demand for continuous and reliable power supply. Moreover, growing dependency on backup power solutions is estimated to bolster segmental development in the coming time period.

In terms of application, the market has been bifurcated into prime/continuous, standby, and peak shaving. The gas generator sets market from the prime/continuous sub-segment is anticipated to gain a solid growth momentum to attain a sizable market share by the end of the projected timeline. Extensive product deployment across numerous industries, including construction, mining, and oil & gas, is foreseen to propel segmental expansion over the following years.

From the regional perspective, the Middle East gas generator sets industry is foreseen to observe exponential expansion through the assessment period owing to increasing frequency and intensity of weather-outages in the region. In addition, the aging grid infrastructure is slated to boost product adoption in the future. Meanwhile, the LATAM gas generator sets market is poised to gain considerable traction over the study timeline owing to stringent environmental regulations and ongoing efforts to curb the increasing effects of global warming.