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Base Year: 2024
Companies covered: 16
Tables & Figures: 8
Countries covered: 2
Pages: 80
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North America Gas Generator Sets Market
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North America Gas Generator Sets Market Size
The North America gas generator sets market was valued at USD 1.3 billion in 2024 and is estimated to grow at a CAGR of 8.5% from 2025 to 2034. The increasing occurrences of grid instability and blackouts highlight the critical need for reliable power solutions, driving the growth of the industry. For instance, the data center sector experienced a growth of over 6% in 2023.
Gas generator sets are power generation systems that produce electricity by utilizing natural gas or other gaseous fuels. They feature an internal combustion engine connected to an alternator, which generates electrical power. These generator sets are widely used in residential, commercial, industrial and remote locations for both backup and primary power. Additionally, continuous advancements in genset technology have enhanced their efficiency, performance, and remote monitoring capabilities, increasing their appeal to consumers.
North America Gas Generator Sets Market Trends
The industries across the region from manufacturing to various other sectors depend significantly on a reliable and efficient power supply to support their operations. Technological innovations in generator sets demonstrate the industry dedication to delivering sustainable and advanced energy solutions that meet the changing demands of the market. Additionally, the continued development of various projects including residential complexes, manufacturing plants, and infrastructure expansions, plays a crucial role in driving the product demand.
North America Gas Generator Sets Market Analysis
The > 50 kVA - 125 kVA rated gas generator sets market will exceed USD 500 million by 2034. These gensets are known for their efficiency and versatility across various application areas. They are often more affordable than larger units making them an appealing option for budget-conscious consumers in need of cost-effective backup power solutions. Industries in these regions are increasingly turning to peak shaving gensets to maintain a continuous power supply. Additionally, government incentives and regulations concerning energy efficiency, emissions and reliability will foster business growth.
The residential segment of gas generator sets market is anticipated to grow at a CAGR of over 8% through 2034. The demand for these systems has been driven by extreme weather events and aging grid infrastructure making them an attractive alternative for homeowners. The areas with unreliable power supply relied upon to provide continuous electricity for heating, cooling and essential appliances, which in turn will fuel the product deployment.
The standby gas generator sets market will gain appreciable momentum on account of increasing demand for reliable backup power solutions across wide tandem of application areas. These generators are primarily used to ensure uninterrupted power supply during outages, making them critical for areas prone to frequent power disruptions. These systems are favored for their quick startup times, cost-effectiveness, and lower emissions compared to diesel generators, aligning with the growing emphasis on sustainability. The industry is driven by the rising adoption of smart home technologies, where standby generators are integrated into automated energy systems.
U.S. gas generator sets market is set to surpass USD 2 billion by 2034, owing to the rising costs associated with data center outages. Additionally, growing environmental concerns and a strong focus on corporate sustainability have expedited the adoption of cleaner and more efficient genset technologies. The key factors driving this demand include aging grid infrastructure, the increasing frequency and intensity of weather-related disasters and the robust development of commercial and industrial facilities.
North America Gas Generator Sets Market Share
The manufacturers operating in the market are adopting several key strategies to maintain competitiveness and drive growth. A major focus is on innovation and technological advancements, particularly in improving fuel efficiency, reducing emissions, and enhancing the reliability and performance of generators. Many companies are investing in research and development to integrate advanced digital technologies including IoT-enabled systems, for better monitoring and management of generators. Strategic partnerships and collaborations with utilities and large-scale industrial clients are also crucial as they help companies secure long-term contracts and tap into new market segments.
North America Gas Generator Sets Market Companies
Major players operating in the North America gas generator sets industry are:
North America Gas Generator Sets Industry News
This North America gas generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (‘000 Units) & revenue (USD Million) from 2021 to 2034, for the following segments:
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Market, By Power Rating
Market, By End Use
Market, By Application
The above information has been provided for the following countries: