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North America Commercial Gensets Market Size

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

North America Commercial Gensets Market Size

North America commercial gensets market was valued at USD 1.6 billion in 2023 and is estimated to exhibit around 6.6% CAGR from 2024 to 2032. The industry landscape is poised to benefit from a combination of rising infrastructural investments and a thriving construction sector. For instance, in 2022, construction spending across the commercial witnesses a growth rate of over 10% across the U.S.

 

North America commercial gensets market

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The inclination toward power backup systems can be seen by the increase in data centers. Cloud computing and use of digital devices has increased the demand for reliable power back up systems which result in increased demand for commercial gensets industry. These are essential for the maintenance of adequate power supply. The strict government norms to reduce carbon emissions and unpredictable power failures has positively influenced the growth of this sector.

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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