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North America Gas Generator Sets Market Size
- Report ID: GMI7261
- Published Date: Nov 2023
- Report Format: PDF
North America Gas Generator Sets Market Size
North America Gas Generator Sets Market was valued at USD 1.1 billion in 2022 and is estimated to witness over 8.5% CAGR from 2023 to 2032. The instances of grid instability and blackouts further emphasize the importance of power solutions, boosting the gas gensets market. For instance, the development of data centers witnesses a growth of over 6% in 2022.
Infrastructure projects, including commercial and industrial buildings, require efficient power generation systems to meet electricity demands, driving the gas generator sets market. The need for reliable power supply, especially in regions prone to extreme weather events, drives the adoption of these gensets for backup and primary power generation. Furthermore, ongoing innovations in gensets technology has improved their efficiency, performance, and remote monitoring capabilities, making them more appealing to consumers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| North America Gas Generator Sets Market Size in 2022: | USD 1.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8.5% |
| 2032 Value Projection: | USD 2.4 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 281 |
| Segments covered: | Power Rating, End Use, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Gas Generator Sets Market Scope
