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North America Hybrid Generator Market Analysis

Report ID: GMI8629
Published Date: Mar 2024
Report Format: PDF

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North America Hybrid Generator Market Analysis

North America Hybrid Generator Market, By Power Rating, 2022 - 2032 (USD Billion)

The > 50 kVA - 125 kVA rated generator sets market is set to reach over USD 400 million by 2032. Robust deployment of these units for ensuring consistent and uninterrupted power supply within the real estate and automotive production sectors will amplify the business expansion. Furthermore, unforeseen power disruptions stemming from grid failures or weather-induced outages result in revenue setbacks across industries, will in turn drive the business growth.

North America Hybrid Generator Market Revenue Share, By Application, 2023

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The residential hybrid generator market size in North America will witness over 8% CAGR through 2032. Government incentives, rebates, and policies aimed at promoting renewable energy adoption and improving energy resilience will drive the business landscape. Paradigm shift toward the adoption of home automation systems along with ongoing technological advancements will augment the industry potential.

U.S. Hybrid Generator Market Size, 2022 - 2032 (USD Billion)

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U.S. hybrid generator market is set to surpass USD 2.7 billion by 2032. The rapid expansion of the telecom sector along with unreliable grid infrastructure will positively sway the business growth. The inability of electrical grids to handle increased demand, exacerbated by severe hurricane events, will further foster the product adoption. Moreover, the growing demand for continuous power supply in commercial facilities and industries will favor the industry scenario.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

North America hybrid generator industry size in 2023 was valued at USD 1,631.3 million and is estimated to grow at a rate of 7.7% through 2032, driven by the transition toward integrating gensets with renewable or storage systems.

The > 50 kVA - 125 kVA segment held a decent share in North America hybrid generator industry in 2023 and is set to reach over USD 400 million by 2032, driven by robust deployment of these units for ensuring consistent and uninterrupted power supply across real estate and automotive production sectors.

The U.S. hybrid generator market held a decent revenue share in 2023 and is set to surpass USD 2,700 million by 2032, driven by the rapid expansion of the telecom sector in the nation, along with unreliable grid infrastructure necessitating product deployment.

Atlas Copco AB, Briggs & Stratton, Cummins, Inc., Caterpillar Inc., FG Wilson, Generac Power Systems, Inc., HIMOINSA, Kirloskar are some of the major industry contenders.