North America Commercial Gensets Market Size - By Fuel (Diesel, Gas, Hybrid), By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Telecom, Healthcare, Data Centers, Hospitality, Real Estate, Infrastructure), Power Rating & Forecast, 2024 – 2032

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.
 

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.
 

COVID– 19 Impact

The commercial gensets industry has been notably affected by the COVID-19 pandemic, with varying impacts across different regions depending on their specific circumstances and government responses. The economic consequences of the pandemic have created financial challenges for businesses and institutions. Additionally, sectors such as hospitality, tourism, and retail have faced substantial disruptions, causing a decreased demand for generators.
 

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.
 

North America Commercial Gensets Market Analysis:

Based on power rating, the 50 kVA - 125 kVA commercial gensets market is projected to register 6.6% growth rate up to 2032. The ongoing proliferation of mobile towers to accommodate the growing demands of an expanding customer base will play a pivotal role in fostering business growth. This expansion is primarily fueled by the rising presence of commercial complexes, large industrial facilities, and retail establishments.
 

Based on fuel, the diesel gensets market holds a share of over 60% in 2022. The increasing prevalence of power outages, the degradation of grid infrastructure, and the tendency to perform in extreme weather conditions will result in growing interest of these units. The ongoing and steadily growing demand for increased power generation capacities to satisfy the rising needs of commercial facilities will drive the adoption of this product.
 

Based on end use, the market is segmented as telecom, healthcare, data centers, educational institutions, government centers, hospitality, retail sales, real estates, commercial complex, infrastructures, and others. The growth of e-commerce has led to a greater need for backup power solutions in distribution centers and warehouses. Retailers are investing in generators to ensure uninterrupted operations in the event of power outages.
 

Based on application, the standby generator sets market is set to surpass USD 1.5 billion by 2032. The demand for these gensets was on the rise due to increasing concerns about power outages and grid reliability. Businesses, data centers, hospitals, and other critical facilities required uninterrupted power to maintain operations.
 

 

• The U.S generator sets industry was valued at USD 1.3 million in 2022. The business environment is poised to benefit from rising data center outage expenses and growing consumer preference for dependable backup power solutions.
   
• Stringent governmental regulations aimed at carbon emissions reduction, coupled with frequent and unpredictable power interruptions, are expected to have a favorable influence on the industry. The growth of commercial and retail developments in the region has led to a notable surge in the need for uninterrupted power supply.  
   

North America Commercial Gensets Market Share

The key participants in the North American commercial gensets industry employ various strategies to maintain and strengthen their foothold in the industry. These strategies are often shaped by factors like competitive dynamics, advancements in technology, changes in regulatory frameworks, and evolving customer choices.
 

The major players operating across the market include

• Caterpillar Inc.
• Cummins Inc.
• Generac Power Systems
• Kohler Co.
• MTU Onsite Energy
• Wärtsilä
• Deutz AG
• Atlas Copco
• FG Wilson
• Doosan Portable Power
• Yanmar Co., Ltd.
• Himoinsa
• Briggs & Stratton Corporation
• Ingersoll Rand
• Mitsubishi Heavy Industries
• Pramac
• Perkins Engines Company Limited
• SDMO Industries
• Multiquip Inc.
• HIPOWER Systems

Cummins is a global leader in the design, manufacturing, and distribution of power generation equipment, including diesel and natural gas generators. They serve a wide range of applications, from residential and commercial to industrial and data centers. The company has built a strong reputation for producing reliable and high-quality gensets.
 

North America Commercial Gensets Market News:

• In August 2023, Mitsubishi announced launch of the MGS3100R, a new addition to the MGS-R series. This generator set is designed to meet higher power demands in industries such as data centers and manufacturing. Notable features include advanced engine technology, top-class space-saving design, and compliance with industry standards. They aim to bolster disaster resilience and Business Continuity Plans with this addition to its product line.
   
• In June 2021, Rolls Royce redesigned the MTU 150kW gas standby generators for the North America market. The new version of the generator is lighter compared to the earlier versions and makes less noise. The redesigned version created customer demand for compact, lightweight, and low-sound standby power solutions.
   

This North America commercial gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “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 Fuel

• Diesel
• Gas
• Hybrid

By End use

• Telecom
• Healthcare
• Data Centers
• Educational Institutions
• Government Centers
• Hospitality
• Retail Sales
• Real Estates
• Commercial Complex
• Infrastructure

By Application

• Standby
• Peak shaving
• Prime/continuous

The above information has been provided for the following countries:

• U.S
• Canada