Industrial Generator Sets Market, By End Use , 2019 & 2025

Oil & Gas (O&G) industrial generator sets market share surpassed USD 1.5 billion in 2018. These generators form an essential part to offer continuous electricity for activities including pumping, loading, and drilling in the O&G sector. The significant installation of on-site gensets across remote locations to power enhanced drilling equipment will positively influence the product adoption.

Global Industrial Generator Sets Market share by 2025 is expected to expand over 200 thousand units. Increasing demand for reliable electricity supply from real estate development, rapid industrialization, and infrastructural expansion will augment the global industrial gensets market. Growing need to expand generation capacities to cater the rising demand across several industries will complement the deployment of these units. The diverse applicability of the gensets lay in their simplicity of operations, quick response, and reliability.

Growing frequency & intensity of weather disasters which results into prolonged power outages coupled with rampant deployment of gensets as a primary electricity source will positively influence the global industrial generator sets market. These products are deployed across multiple industries that include pharmaceuticals, automotive, construction, and mining, where the power grid supply is unavailable. Ongoing industrialization coupled with rising fund flow toward infrastructure development will boost the industry outlook.

Browse key industry insights spread across 540 pages with 909 market data tables & 38 figures & charts from the report, “Global Industrial Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By End-Use (Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, Transport & Logistics), By Application (Standby, Peak Shaving, Prime/Continuous), By Fuel (Diesel, Gas, Others) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Philippines, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Brazil, Mexico, Argentina, Chile), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-generator-sets-market

The >375-750 kVA based industrial gensets market is set to witness a substantial upsurge on account of increasing demand from growing mining activities, most notably observed across North America. The industrial products provide an adequate solution to electric heavy-duty equipment which include excavating conveyor belts, cranes, machinery, etc. These are applicable for broad-ranging mining operations comprising meta, coal, gas, or iron mining, owing to their mobility across far-fetched mining that comprise extreme conditions.

Prime power based industrial generator sets market is anticipated to observe growth on the account of their application in expanding infrastructure and resurgent industrialization across the developing economies. These products are majorly deployed across distant locations that include mining & construction sites, and O&G fields, which lack access to the power grid.

Industrial gensets market trends | The United States

In the aforementioned context, it needs to be mentioned that the U.S. has experienced worst power outages on numerous occasions which has adversely affected the day-to-day activities of its residents. Apparently, various unavoidable circumstances like blackouts necessitate the installation of generators – a factor that is expanding the revenue portfolio of the U.S. industrial generator sets market.

The other major factor stimulating the growth prospects of the U.S. industrial generator sets market is the nation’s ever-expanding manufacturing industry. Manufacturers reportedly consume over 30 percent of the nation’s overall energy produced, with industrial users accounting for 32.3 quadrillion Btu of energy consumption in 2018 or 32.3 percent of the total.

Industrial gensets market trends | Europe

Besides the U.S., the Europe industrial gensets market is anticipated to grow at an annual rate of over 5 percent by the year 2025 owing to the ever-expanding automotive sector of the region. Reportedly, the automotive sector is a major component of the Europe’s economy as it provides jobs to 12 million people and accounts for 4% of the EU’s GDP.

Eminent industry participant operating in the global industrial gensets market comprise Generac, Kirloskar Oil Engines Limited, Himoinsa, Caterpillar, Cummins, MTU Onsite, Mahindra Powerol, SDMO, Briggs & Stratton, amongst others.

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