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North America Gas Generator Sets Market Trends

Report ID: GMI7261
Published Date: Nov 2023
Report Format: PDF

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North America Gas Generator Sets Market Trends

The industries across the North America, from manufacturing to various sectors, rely heavily on a consistent and efficient power supply to meet their operational needs. Technological advancements in gas gensets reflect the industry's commitment to providing sustainable and advanced energy solutions that align with the evolving market requirements. Moreover, the ongoing construction of diverse projects, including residential developments, manufacturing facilities, and infrastructure expansions, has a significant impact on driving the demand for gas gensets in the North American region.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of the North America gas generator sets was exceeded USD 1.1 billion in 2022 and is projected to reach USD 2.4 billion by 2032, owing to the increasing instances of grid instability and blackouts in the region.

North America gas generator sets industry from the > 50 kVA - 125 kVA rated segment accounted for more than 10% revenue share in 2022 and is anticipated to witness high demand through 2032, attributed to their efficient, cost-effective, and versatile applicability as a backup power solution.

The U.S. market for gas generator sets was worth USD 935.7 million in 2022 and is set to record robust growth through 2032 on account of escalating data center outage costs along with the escalating environmental concerns in the region.

Some leading gas generator set companies are Cummins, Inc., Briggs & Stratton, Kohler Co., Generac Power Systems, Inc., Caterpillar, Aggreko, Eaton, DuroMax Power Equipment, Perkins Engines Company Limited, Gillette Generators Inc, and Wajax, among others.