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North America Commercial Gensets Market Trends

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

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North America Commercial Gensets Market Trends

The generator sets market is poised for substantial expansion owing to increasingly stringent environmental regulations and a notable shift towards cleaner power sources. These generator sets have become a widely adopted and strategically vital option for addressing power shortages, especially when contrasted with other backup alternatives. Their extensive usage in healthcare facilities and data centers will exert a positive influence on the industry's growth prospects.

A commercial generator set is a device that used as back up power generation system by the commercial part of the economy, like industries, offices, schools, hospitals. These are one of the most important strategical solutions to power deficits. Furthermore, these are widely used by hospitals and data centers.

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.