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North America Commercial Gensets Market Analysis

  • Report ID: GMI6987
  • Published Date: Oct 2023
  • Report Format: PDF

North America Commercial Gensets Market Analysis:

North America Commercial Gensets Market Size, By Power Rating, 2021 - 2032 (USD Billion)

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Based on power rating, the 50 kVA - 125 kVA commercial gensets market is projected to register 6.6% growth rate up to 2032. The ongoing proliferation of mobile towers to accommodate the growing demands of an expanding customer base will play a pivotal role in fostering business growth. This expansion is primarily fueled by the rising presence of commercial complexes, large industrial facilities, and retail establishments.
 

 North America Commercial Gensets Market Revenue Share, By Fuel, 2022

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Based on fuel, the diesel gensets market holds a share of over 60% in 2022. The increasing prevalence of power outages, the degradation of grid infrastructure, and the tendency to perform in extreme weather conditions will result in growing interest of these units. The ongoing and steadily growing demand for increased power generation capacities to satisfy the rising needs of commercial facilities will drive the adoption of this product.
 

Based on end use, the market is segmented as telecom, healthcare, data centers, educational institutions, government centers, hospitality, retail sales, real estates, commercial complex, infrastructures, and others. The growth of e-commerce has led to a greater need for backup power solutions in distribution centers and warehouses. Retailers are investing in generators to ensure uninterrupted operations in the event of power outages.
 

Based on application, the standby generator sets market is set to surpass USD 1.5 billion by 2032. The demand for these gensets was on the rise due to increasing concerns about power outages and grid reliability. Businesses, data centers, hospitals, and other critical facilities required uninterrupted power to maintain operations.
 

U.S. Commercial Gensets Market Size, 2021 - 2032 (USD Billion) 

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  • The U.S generator sets industry was valued at USD 1.3 million in 2022. The business environment is poised to benefit from rising data center outage expenses and growing consumer preference for dependable backup power solutions.
     
  • Stringent governmental regulations aimed at carbon emissions reduction, coupled with frequent and unpredictable power interruptions, are expected to have a favorable influence on the industry. The growth of commercial and retail developments in the region has led to a notable surge in the need for uninterrupted power supply.  
Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of commercial gensets in North America was worth USD 1.6 billion in 2023 and may reach over USD 2.8 billion by 2032 due to the rising infrastructural investments and the thriving construction sector in the region.

The 50 kVA - 125 kVA power rating segment in the North America commercial gensets market is expected to register 6.6% CAGR from 2023 to 2032, due to the ongoing proliferation of mobile towers to accommodate the growing demands of the expanding customer base in the region.

U.S. commercial gensets market was valued at USD 1.3 million in 2022 and is expected to register commendable CAGR from 2023 to 2032, owing to the rising data center outage expenses and growing consumer preference for dependable backup power solutions in the nation.

Some of the influential North America commercial gensets industry players are Caterpillar Inc., Cummins Inc., Generac Power Systems, Kohler Co., MTU Onsite Energy, Wärtsilä, Deutz AG, Atlas Copco, among others.

North America Commercial Gensets Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 292
  • Countries covered: 2
  • Pages: 120
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