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U.S. Generator Sets Market Size
- Report ID: GMI6447
- Published Date: Aug 2023
- Report Format: PDF
U.S. Generator Sets Market Size
U.S. Generator Sets Market size was valued at USD 8.1 billion in 2023 and is estimated to grow at a CAGR of 7.1% between 2024 and 2032. Increasing number of extreme weather-related events and natural disasters led to a heightened awareness of the importance of reliable backup power solutions. In addition, stringent environmental regulations, and emissions standards along with development of efficient generator sets has influenced the demand for these units across the country.
The paradigm shift towards cleaner and more sustainable energy solutions in line with ongoing improvements in generator efficiency, emission reduction, and automation has augmented the product penetration. Rapid integration of IoT technologies including predictive maintenance, diagnostics, and remote monitoring coupled with growing industrial and construction activities will foster the industry landscape. Moreover, the expansion of residential, commercial, and industrial establishment in line with rising demand for uninterruptible power supply will further drive the business outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| U.S. Generator Sets Market Size in 2023: | USD 8.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.1% |
| 2032 Value Projection: | USD 15.1 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 184 |
| Tables, Charts & Figures: | 120 |
| Segments covered: | Power Rating, Fuel, End Use, and Application |
| Growth Drivers: |
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U.S. Generator Sets Market Scope
