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Gensets - Global Market Trajectory & Analytics

  • ID: 5140885
  • Report
  • April 2021
  • Region: Global
  • 275 Pages
  • Global Industry Analysts, Inc
Global Gensets Market to Reach $682.1 Million by 2027

Amid the COVID-19 crisis, the global market for Gensets estimated at US$491.4 Million in the year 2020, is projected to reach a revised size of US$682.1 Million by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Diesel, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$498.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $133.2 Million, While China is Forecast to Grow at 7.4% CAGR

The Gensets market in the U.S. is estimated at US$133.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$138.7 Million by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Select Competitors (Total 41 Featured):
  • APR Energy
  • Atlas Copco AB
  • Burtonwood Generator & Switchgear Services Ltd.
  • Caterpillar, Inc.
  • Cummins, Inc.
  • Dresser-Rand Group, Inc.
  • Generac Power Systems, Inc.
  • General Electric Company
  • Mitsubishi Heavy Industries Ltd.
  • MTU Onsite Energy GmbH
  • Wacker Neuson SE
  • Wartsila Corporation
Frequently Asked Questions about the Global Market for Gensets

What is the estimated value of the Global Market for Gensets?

The Global Market for Gensets was estimated to be valued at $491.4 Million in 2020.

What is the growth rate of the Global Market for Gensets?

The growth rate of the Global Market for Gensets is 4.8%, with an estimated value of $682.1 Million by 2027.

What is the forecasted size of the Global Market for Gensets?

The Global Market for Gensets is estimated to be worth $682.1 Million by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown