Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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What Are the Market Size and Growth Trends for the Global Gas Generator Sets Market?
The gas generator sets market size has been experiencing consistent growth, growing from $8.94 billion in 2024 to $9.36 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can mainly be attributed to the increased demand for reliable backup power solutions, the emphasis on energy security and grid resilience, expansion of industrial and commercial infrastructure, and the rise in natural gas production and availability. These core dynamics have led to a surge in consumer needs for continuous power supply in critical applications.
This market is projected to see strong growth and is expected to grow to $11.41 billion in 2029 at a CAGR of 5.1%. Factors contributing to the growth in the forecast period include the integration of gas generator sets in hybrid and microgrid systems, demand for combined heat and power (chp) systems for energy efficiency, and the adoption of low-emission and renewable natural gas sources. Moreover, the customization of generator sets for specific industrial applications and the focus on decentralized power generation and distributed energy resources support this market growth trend.
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What Is Driving the Growth of the Gas Generator Sets Market?
The surging global energy consumption is expected to propel the growth of the gas generator sets market in the future. Rapid socio-economic growth across several parameters such as population, urbanization, net capital income, and industrial activities in both developed and developing economies has led to a surge in the global consumption of electricity. This increase in electricity consumption is expected to boost demand for gas generator sets, particularly as industries, commercial and residential units, are investing in portable power units like gas generators to mitigate frequent power outages.
What Are the Major Segments Within the Global Gas Generator Sets Market?
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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Which Are the Major Companies Transforming the Gas Generator Sets Market?
Major companies operating in the gas generator sets market include Cummins Inc., Briggs & Stratton Corporation, Kohler Co., Generac Power Systems Inc., Caterpillar Inc., General Electric Company, Siemens AG, Rolls-Royce Power Systems 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.
What Emerging Trends Are Impacting the Gas Generator Sets Market?
Product innovation is a key trend gaining popularity in the gas generator sets market. Companies in this space are developing innovative products infused with advanced technologies to cement their market position.
Which Regions Will Register the Fastest Growth in the Gas Generator Sets Market?
North America was the largest region in the gas generator sets market in 2024. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period. The gas generator sets market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Gas Generator Sets Market Report 2025 Offer?
The Gas Generator Sets Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. A gas generator refers to portable power equipment that consists of a gas engine and an electric generator. These generator sets are crucial in areas disconnected from the electricity grid, as well as in circumstances where power outages are prevalent or problematic. They can be used as a primary energy source or as a backup power source, such as during peak usage hours.
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