Construction Generator Sets Market Size & Share, by Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA); Fuel (Diesel, Gas); Application (Standby, Prime/Continous) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5951
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Global Construction Generator Sets Market Size, Forecast, and Trend Highlights Over 2024-2036

Construction Generator Sets Market size is expected to reach USD 17 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the construction generator sets was USD 7 Billion. Growth in investments made in the real estate sector is fueling the market growth. As per the latest report, domestic investors' shares increased to an estimated value of 35% in 2023 from 14% in 2022. The total amount of commercial real estate shares was 1.4 trillion USD in 2022.

The main advantage of construction generator sets is their reliability and flexibility, which have a significant positive impact on the market growth. These systems can work on different ranges of fuels such as diesel, natural gas, and propane, which makes them fit for a wide range of industries and scenarios. It’s also used as a backup power, majorly for remote construction sites.  


Construction Generator Sets Market
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Construction Generator Sets Sector: Growth Drivers and Challenges

Growth Drivers

  • Strict Regulations to Lower Carbon Emission-The government has laid strict policies whose main focus is to limit the production of carbon emissions as the demand for portable gen-sets is increasing progressively resulting in the construction generator sets market growth of construction generator sets. These systems act as a significant part in ensuring a well-grounded and compatible power supply in construction environments, which contributes to the productivity and efficiency of several infrastructural projects. According to a recent report published in 2022, the annual carbon emissions from both diesel and PMS-operated electricity generators were estimated. These emissions were recorded to be around 1500 tons of CO2 per annum with the institution’s diesel generators accounting for 59%.
  • Growth in Urbanization and Population Density-As the population is growing gradually, combined with the expansion of commercial and retail spaces will fuel the construction generator sets market growth of construction generator sets. Generators are very important for backup power during electrical failure and to make sure that the operations run smoothly without any interruptions. Moreover, the boost in the hospital industry and increasing focus on the production of green buildings are anticipated to further contribute to the growing momentum in this sector. As per the recent report published by the World Bank, more than 5o% of the population lives in urban areas globally and it will increase by 1.5 times to 6 billion by 2045. The adoption of generator sets by the urban population is rising to meet their growing needs.

Challenges

  •  High Maintenance of Generator Sets- The operation and maintenance of construction generator sets need more technical expertise, which can act as a challenge in areas having limited access to skilled personnel. Ensuring the safe and efficient operation of these systems requires huge investments in training programs and local capacity building.
  • Diesel-operated generator sets harm the surroundings badly, the environmental impact related to the generator sets is a high rate of carbon production from diesel-powered generators. These gensets contribute to air pollution and change in climatic conditions.

Construction Generator Sets Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~10%

Base Year Market Size (2023)

~ USD 7 Billion

Forecast Year Market Size (2036)

~ USD 17 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Construction Generator Sets Segmentation

Power Rating (≤ 50 kVA, > 50 kVA - 125 kVA, > 125 kVA - 200 kVA, > 200 kVA - 330 kVA, > 330 kVA - 750 kVA, > 750 kVA)

The > 330 kVA - 750 kVA segment is predicted to account for 22% share of the global construction generator sets market by 2036. The segment growth can be attributed to the growing need for dependable power solutions, incorporated with an increasing number of construction sites and projects on infrastructural development. As per the recent report, heavy-duty generators are usually operated in construction activities which provides power output in the range from 200KW TO 2500 KW.

Fuel (Diesel, Gas)

The gas generated segment is predicted to account for 55% share of the global construction generator sets market by 2036. The segment growth can be attributed to the growing focus on energy efficiency and pocket-friendly is shifting consumers towards a clean energy solution. Moreover, decentralized power generation is getting popular mainly in remote locations is a key factor fueling the construction generator set market. The natural gas-operated generators offer a range from 995 KWe to 2000 KWe.

Our in-depth analysis of the global market includes the following segments:

          Power Rating

  • ≤ 50 kVA
  •  > 50 kVA - 125 kVA
  •  > 125 kVA - 200 kVA
  •  > 200 kVA - 330 kVA
  •  > 330 kVA - 750 kVA
  •  > 750 kVA

           Fuel

  • Diesel
  • Gas

          Application

  • Standby
  •  Prime/Continous

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Construction Generator Sets Industry-Regional Synopsis

North America Market Forecast

The market in North America is anticipated to hold the largest with a share of about 34% by the end of 2036. The market growth in the region is also expected on account of increasing demand for power backup solutions in the construction sector and harsh environments, which can be operated in extreme weather conditions such as hurricanes and winter storms. These generator sets are set to create an environment that has positive impacts on the business. Moreover, technological advancements will contribute to the market growth as the rising adoption of cleaner and more efficient power sets is growing. According to a recent report published in 2022, the construction sector has remained fairly steady at 4.1% in the US and 7.4% in Canada. The healthcare sector is witnessing rapid growth in the adoption of these generator sets focusing on lower emissions, cost-effectiveness and continuous availability of sets is propelling the deployment of construction generator set units.

APAC Market Analysis

The Asia Pacific market is estimated to be the second largest, registering a share of about 25% by the end of 2036. The market’s expansion can be attributed majorly to the rapid growth in infrastructural development.  China is the leading producer of generator sets market in the Asia-Pacific region. As per the recent report published in January 2019, road-related construction projects in Asia-Pacific are growing with a total value of USD 2 trillion. Out of this amount, around USD 800 billion is in the execution stage and USD 300 billion is in the planning stage. China accounts for the highest value with USD 632 billion, followed by India with projects valuing USD 218 billion. As the infrastructural projects are growing with expansion in power demand-supply gap across the country resulting in demand for construction generator sets. Moreover, generators operated by using diesel as a fuel are benefitting the country as they are cost-effective and the living standard is improving leading to the demand for power backup devices.

Research Nester
Construction Generator Sets Market size
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Companies Dominating the Construction Generator Sets Landscape

top-features-companies
    • Deere & Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Cummins Inc.,
    • Kirloskar
    • Caterpillar
    • Kohler Co.
    • Atlas Copco
    • Powerica Limited
    • Sterling and Wilson Pvt. Ltd.
    • Rapid Power Generation Ltd.
    • Yamaha Motors Co., Ltd.

In-the-news

In The News

  • Yamaha Motor Co., Ltd. has announced today that the company has produced a total of three-million of the Yamaha Performance Damper*, which is an anti-vibration damper used in automobiles and its manufacturing was started in 2004.  It is a device which was designed to control and absorb minute distortions and vibrations produced which contributed in improving stability and comfort in different variety of vehicle types. After the development of basic concept in 2000, it was firstly adopted as a mass-produced product in April 2004, and the total number has now reached is three million.
  • Kirloskar Oil Engines, leading producer of power generators has announced the official launch of its gas-powered generator range. It has always been focused on sustainable development and solutions as per customer’s requirement. As the concern for sustainability and availability of gas has grown, industry segments were looking to them as leaders of backup power solutions providers to create alternative fuel-based Genset options. These IoT-enabled gas generators run very efficiently in extreme cold conditions on PNG and they also offered feature of digital monitoring system that gives users to remotely monitor the generator’s performance and important parameters in real-time from any location.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5951
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growth in urbanization and population density and strict regulations set up by government for reducing carbon emissions are the major factors driving the growth of the construction generator sets market.

The market size of construction generator sets is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

The major players in the market are Deere & Company, Cummins Inc., Kirloskar, Caterpillar, Kohler Co., Atlas Copco, Powerica Limited, Sterling and Wilson Pvt. Ltd., Rapid Power Generation Ltd., Yamaha Motors Co., Ltd., and others.

The > 330 kVA - 750 kVA segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Construction Generator Sets Market Report Scope
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