North America Gas Generator Sets Market Analysis

North America Gas Generator Sets Market Analysis

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.
 

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.
 

• 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.