Global Commercial Standby Generator Sets Market by Type (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Application (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Retail Sales, Agriculture, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Commercial Standby Generator Sets Market Size is forecast to grow at a CAGR of 5.6% from 2021 to 2028. The growth of the market can be attributed to the emergence of emerging markets such as Latin America and the Asia Pacific. North America accounted for a significant share of the global demand on account of its high adoption rates in developed economies like the U.S., Canada, Mexico, etc.

Commercial standby generator sets are utility power sources used to provide a temporary source of emergency electrical energy. They're typically installed on the ground floor or underground and can be programmed to start up automatically when the main electricity supply is interrupted for any reason. These units produce grid-quality alternating current (AC) at high voltage in order to feed into commercial buildings' existing wiring systems and refueling generators with diesel fuel once they've been started. Generators that deliver less than 75 kVA are known as "standby" models, while those that output more than 750 kW fall under the category of prime-power generators - meaning these types have no real backup function but can instead keep an entire building operational during a power outage.

On the basis of Types, the market is segmented into Less Than 75 KVA, 75 - 375 KVA, 375 - 750 kVA, and More than 750 kW.

Less Than 75 KVA:

Less than 75 KVA commercial standby generator sets are of the largest size, designed to provide continuous backup power for buildings such as hospitals and data centers. These smaller generators typically range from less than 20 kW to just over 38 kW in size.

75 - 375 KVA:

The 75-375 kVA range of commercial emergency standby generators is used for telecommunications networks, hospitals, data centers, and educational facilities. They provide power to all critical areas in these buildings during an outage due to natural disasters or other emergencies. The generator sets usually come with a siren and alarm systems that alert users about the power failure before it happens.

375 - 750 kVA:

A 375 - 750 kVA commercial standby generator set is typically used by a facility with major power demands. These generators are usually installed in areas where significant heating and cooling loads exist, such as large data centers or warehouses full of HVAC equipment.

More than 750 kW:

More than 750 kW commercial standby generator sets are typically used for large-scale facilities, such as industrial manufacturing plants and data centers. These generators may be sized up to a whopping 50 MW or more. In the US alone, power companies that have installed these units include NRG Energy and American Electric Power Company (AEP).

On the basis of Application, the market is segmented into Telecom, Healthcare, Data Centers, Educational Institutions, Government Center, Retail, and Agriculture.

Telecom:

Commercial Standby Generator Sets are mainly used in telecom for power outages. Commercial standby generators typically provide a variety of backup power options including residential, commercial, and industrial reliability at cost-effective prices. Telecommunications providers and other networks are experiencing an increase in power outages due to extreme weather events. To ensure the reliability of their systems, telecom companies across the globe have started investing heavily in stand-by generators which provide them with a cost-effective solution that can support their mission-critical equipment during outage situations.

Healthcare:

The need to supply uninterrupted power in the healthcare sector is increasing due to advances in medical equipment. Today, hospitals and clinics are switching over from generators that burn fuel or diesel oil to those powered by natural gas because of lower emissions and cleaner operation. As more countries adopt stricter emission guidelines for their electrical grids, it's expected that many other facilities will also switch their standby generator sets over to use natural gas instead of a source they can't control such as fossil fuels.

Data Centers:

Data centers account for the largest share of commercial standby generator sets in North America, followed by Europe and the Asia Pacific. Data centers require large amounts of power to sustain uninterrupted operations without any interruption or shutdowns that can affect an organization's business operations. Most data center operators have their own backup generators on-site with a combined capacity of more than 500 MW as they are likely to experience interruptions due to grid failures, equipment malfunctioning, etc., which may lead up to downtime and interrupted services.

Educational Institutions:

The use of Commercial Standby Generator Sets in Educational Institutions was one of the key applications for the sector. This is because they offer uninterrupted power supply to educational institutions during emergency situations such as natural disasters or deterioration in grid conditions due to aging infrastructure and high levels of solar load on grids. In addition, these types of generators are less expensive than backup diesel generators and can be installed easily without disrupting school activities.

Government Centers:

Government Centers are one of the substantial segments in terms of usage. Governments have a huge demand for uninterrupted power supply to maintain their mission-critical operations and services, which includes public safety, military security, health care facilities, etc. The opinion is that they are more prone to disruptions because these organizations cannot afford any downtime due to a lack of redundancy or backup plan. In such cases, generators can be an important option as they make it possible for government centers to keep operating through emergencies without interruption.

Retail:

Retail chains, such as Walmart and Tesco have been installing backup generators for uncertain power supply in recent years. The need to maintain a low-cost retail strategy while maximizing customer satisfaction has led retailers to install more efficient equipment that can ensure the continuation of business operations even with insufficient electricity. In order to reduce operating costs, companies are increasingly using Standby Generator Systems (SGS) instead of traditional UPS units, which do not allow operation during an outage due to their dependence on external AC power sources.

Agriculture:

In agriculture, these generators may be used in the off-season or as backup during power outages to maintain food storage levels. They are also commonly found in rural areas where centralized electrical grids do not exist or cannot reach due to geography. In some parts of Asia, India included, farmers, depend on solar energy with battery backup systems that can provide sufficient electricity into the night while they sleep through the day when it is hot outside and close to 100% humidity inside homes. Therefore many households find themselves using electric lighting instead in order to conserve fuel used for cooking; this has led them towards purchasing more standby power generators.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to dominate the market in terms of value. The growth is attributed due to the large population and high disposable income, which drives demand for backup power generators.

Growth Factors For The Global Commercial Standby Generator Sets Market:

The growth of the market for commercial standby generators is primarily driven by increased awareness about global warming and climate change, which leads to high demand for renewable energy. Although these power sources are still expensive, it has led to a higher adoption rate of clean power generation systems across industries in different regions. Additionally, there will be more penetration of distributed backup generation system technologies on large-scale projects or installations due to their lower cost than traditional centralized grid-connected inverter plants. The proliferation of IoT devices that continue increasing demands for electricity also contributes to this growing trend. In addition, with growing population sizes and rising disposable income levels globally, multinationals have been investing heavily into developing countries as well as fast-emerging economies such as India, Brazil, and Indonesia. This is expected to fuel the market demand for commercial standby generator sets in these countries over the next few years.

Up Market Research published a new report titled “Commercial Standby Generator Sets Market research report which is segmented by Types (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Applications (Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Retail Sales, Agriculture, Others), By Players/Companies Cummins, Kirloskar, Briggs & Stratton, SDMO Industries, Generac, Yamaha, Powerica, Escorts Group, Himoinsa, Caterpillar, Ingersoll-Rand, Atlas Copco, C&S Electric, JCB, Mahindra Powerol, MTU Onsite Energy, John Deere, Ashok Leyland, Mitsubishi, Wartsila”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Commercial Standby Generator Sets Market Report Segments:

The market is segmented by Type <75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA and By Application Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Retail Sales, Agriculture, Others.

Some of the companies that are profiled in this report are:

1. Cummins
2. Kirloskar
3. Briggs & Stratton
4. SDMO Industries
5. Generac
6. Yamaha
7. Powerica
8. Escorts Group
9. Himoinsa
10. Caterpillar
11. Ingersoll-Rand
12. Atlas Copco
13. C&S Electric
14. JCB
15. Mahindra Powerol
16. MTU Onsite Energy
17. John Deere
18. Ashok Leyland
19. Mitsubishi
20. Wartsila

Commercial Standby Generator Sets Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Commercial Standby Generator Sets Market

Overview of the regional outlook of the Commercial Standby Generator Sets Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Commercial Standby Generator Sets Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Commercial Standby Generator Sets Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. <75 kVA

                2. 75-375 kVA

                3. 375-750 kVA

                4. >750 kVA

                1. Telecom

                2. Healthcare

                3. Data Centers

                4. Educational Institutions

                5. Government Centers

                6. Retail Sales

                7. Agriculture

                8. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Commercial Standby Generator Sets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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• Business Expansion Strategies
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Reasons to Purchase the Commercial Standby Generator Sets Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.