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North America Gas Generator Sets Market Size - By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Residential, Commercial, Industrial), Power Rating & Forecast, 2023 – 2032

  • Report ID: GMI7261
  • Published Date: Nov 2023
  • Report Format: PDF

North America Gas Generator Sets Market Size

North America Gas Generator Sets Market was valued at USD 1.1 billion in 2022 and is estimated to witness over 8.5% CAGR from 2023 to 2032. The instances of grid instability and blackouts further emphasize the importance of power solutions, boosting the gas gensets market. For instance, the development of data centers witnesses a growth of over 6% in 2022.

Infrastructure projects, including commercial and industrial buildings, require efficient power generation systems to meet electricity demands, driving the gas generator sets market. The need for reliable power supply, especially in regions prone to extreme weather events, drives the adoption of these gensets for backup and primary power generation. Furthermore, ongoing innovations in gensets technology has improved their efficiency, performance, and remote monitoring capabilities, making them more appealing to consumers.


COVID– 19 Impact

The COVID- 19 pandemic has caused a severe economic slowdown and has had a highly intense impact on certain industries. The pandemic decreased industrial activity, which in turn affected the market for boilers. In a similar vein, labor shortages, transportation limitations, and lockdown procedures caused problems for the manufacturing facilities, which caused a disruption in the supply chain.

North America Gas Generator Sets Market Trends

The industries across the North America, from manufacturing to various sectors, rely heavily on a consistent and efficient power supply to meet their operational needs. Technological advancements in gas gensets reflect the industry's commitment to providing sustainable and advanced energy solutions that align with the evolving market requirements. Moreover, the ongoing construction of diverse projects, including residential developments, manufacturing facilities, and infrastructure expansions, has a significant impact on driving the demand for gas gensets in the North American region.

North America Gas Generator Sets Market Analysis

 North America Gas Generator Sets Market Size, By End Use, 2021 - 2032 (USD Billion)

Based on end use, the residential segment will attain 8.3% growth rate from 2023 to 2032. The demand has been influenced owing to extreme weather events and ageing grid infrastructure, which has made gas gensets an appealing alternative for homeowners. In rural areas with unreliable grid power supply often dependent on gensets to ensure continuous electricity for heating, cooling, and essential appliances.

North America Gas Generator Sets Market Revenue Share, By Power Rating, 2022

Based on power rating, the > 50 kVA - 125 kVA generator sets industry holds a market share of about 10% in 2022. These gensets are proven to be very efficient and versatile in terms of their application areas . These are often more affordable than larger units, making them an attractive choice for budget-conscious consumers seeking cost-effective backup power solutions.

The market for peak shaving gensets is growing in emerging economies, where grid reliability can be a challenge. Industries in these regions are increasingly adopting peak shaving gensets to ensure uninterrupted power supply. Furthermore, government incentives and regulations related to energy efficiency, emissions, and reliability are influencing the product demand.

 U.S. Gas Generator Sets Market Size, 2021 - 2032 (USD Million)
  • The U.S. generator sets market reached a valuation of USD 935.7 million. The market will witness surge in demand on account of escalating data center outage costs. Furthermore, escalating environmental concerns and a strong emphasis on corporate sustainability have accelerated the adoption of cleaner and more efficient gensets technologies in the region.
  • This demand is driven by factors major factors like aging grid infrastructure, increasing intensity & frequency of weather-related disasters, robust development of the commercial establishments.

North America Gas Generator Sets Market Share

Major participants in the North American gas generator sets market employ a variety of strategies to maintain and improve their market position. These strategies are often shaped by factors such as competitive pressures, technological advancements, changes in regulations, and evolving customer choices. The major players operating across the market include:

  • Cummins, Inc.
  • Briggs & Stratton
  • Kohler Co.
  • Generac Power Systems, Inc.
  • Caterpillar
  • Aggreko
  • Eaton
  • Champion Power Equipment
  • DuroMax Power Equipment
  • FIRMAN Power Equipment
  • Westinghouse Outdoor Power Equipment
  • MTU Onsite Energy
  • Perkins Engines Company Limited
  • Doosan Portable Power
  • Gillette Generators Inc
  • HIPOWER Systems
  • Axiom Equipment Group
  • Wajax
  • MTS Power Products

North America Gas Generator Sets Market News:

  • In July 2023, Briggs & Stratton Energy Solutions announced completion of the integration of SimpliPhi Power, a prominent California-based energy storage systems manufacturer, which they had acquired in late 2021. This strategic move has resulted in a comprehensive transformation of their business approach, market strategy, and branding. With this integration, they now offer a complete range of standby generators and intelligent.
  • In February 2023, Caterpillar announced 15 new Gas Generator Setss ranging from 20 to 200 kW, designed for emergency standby, demand response, and prime operation. These generator sets offer exceptional fuel flexibility by running on natural gas, propane, and renewable natural gas. These units are EPA-certified for emergency and non-emergency applications, making them suitable for various markets, including small commercial businesses a

This North America gas generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2032, for the following segments:

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By Power Rating

  • ≤ 50 kVA
  • > 50 kVA - 125 kVA
  • > 125 kVA - 200 kVA
  • > 200 kVA - 330 kVA
  • > 330 kVA - 750 kVA
  • > 750 kVA

By End Use

  • Residential
  • Commercial
  • Industrial

By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

The above information has been provided for the following countries:

  • U.S.
  • Canada


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of the North America gas generator sets was exceeded USD 1.1 billion in 2022 and is projected to reach USD 2.4 billion by 2032, owing to the increasing instances of grid instability and blackouts in the region.

North America gas generator sets industry from the > 50 kVA - 125 kVA rated segment accounted for more than 10% revenue share in 2022 and is anticipated to witness high demand through 2032, attributed to their efficient, cost-effective, and versatile applicability as a backup power solution.

The U.S. market for gas generator sets was worth USD 935.7 million in 2022 and is set to record robust growth through 2032 on account of escalating data center outage costs along with the escalating environmental concerns in the region.

Some leading gas generator set companies are Cummins, Inc., Briggs & Stratton, Kohler Co., Generac Power Systems, Inc., Caterpillar, Aggreko, Eaton, DuroMax Power Equipment, Perkins Engines Company Limited, Gillette Generators Inc, and Wajax, among others.

North America Gas Generator Sets Market Scope

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  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 281
  • Countries covered: 2
  • Pages: 100
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