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North America Commercial Gensets Market Size
- Report ID: GMI6987
- Published Date: Oct 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| North America Commercial Gensets Market Size in 2022: | USD 1.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.6% |
| 2032 Value Projection: | USD 2.8 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 292 |
| Segments covered: | Power Rating, Fuel, End Use, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Commercial Gensets Market Scope
