As cited by the research report titled ‘Commercial Standby Generator Sets Market Size By Power Rating (<75 kVA, 75-375 kVA, 375-750 kVA, >750 kVA), By Fuel (Diesel, Natural Gas, Others), By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2030’, available with Market Study Report, global commercial standby generator sets market is projected to expand significantly with annual installation reaching over 400 thousand units by the year 2030.
 

Growing frequency & severity of calamities associated with weather resulting into frequent power outages, coupled with rising significance of emergency power solutions across commercial sector are primarily driving the global commercial standby generator sets market growth.
 

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Use of commercial standby gensets as an alternative energy source in case of emergencies across data centers, healthcare, and agriculture sectors, along with growing investments in telecommunications vertical, and increased demand for uninterrupted & reliable power supply are likely to strengthen the business scenario.
 

Additionally, factors like easy installation, low maintenance, and low up-front cost are propelling the demand for diesel gensets. Natural gas & hybrid gensets are likely to witness increased adoption due to stringent emission standards. Moreover, increasing digitization, along with research & development for reducing the environmental impact of these units are positively swaying the market dynamics.
 

Based on power rating, global commercial standby generator sets industry from 75 kVA units segment is likely to showcase lucrative growth trends over the analysis period, owing to growing dependence of businesses on digitization & IT, coupled with increasing demand for uninterrupted power supply. Moreover, rising rate of natural disasters like hurricanes, earthquakes, windstorms, floods, and tsunamis causes destruction to the power infrastructure that lead to power outage for a long period. This factor, alongside strict environmental & emission compliances such as the proposed introduction of the EU Stage V limits will enhance the business landscape.
 

Considering the regional framework, North America market is reckoned to expand at 4% CAGR through 2030, on account of increasing consumer cognizance for environment sustainability, coupled with introduction of stringent regulations to limit emissions.
 

Additionally, growing investments toward the development & expansion of data centers, low diesel prices, and increasing infrastructure investments are positively influencing the product demand. Furthermore, rapid shift of commercial firms toward cleaner power sources, and rising demand for reliable power supply are leading in increased installation of backup supply devices, thus augmenting the industry outlook.
 

Prominent players influencing the worldwide commercial standby generator sets industry trends are Wärtsilä Corporation, Mitsubishi Heavy Industries Ltd., Ashok Leyland Ltd., MTU Onsite Energy, John Deere, Mahindra Powerol Ltd., JCB, C&S Electric Ltd., Atlas Copco Group, Ingersoll Rand Inc., Caterpillar Inc., Himoinsa SL, Escorts Group, Powerica Ltd., Yamaha Motor Co. Ltd., Generac Holdings Inc., Kohler SDMO, Briggs & Stratton Corporation, Kirloskar Oil Engines Limited, and Cummins  Inc.