Construction Generator Sets Market Trends

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.