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North America Hybrid Generator Market Trends

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

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North America Hybrid Generator Market Trends

The aging grid infrastructure in line with escalating demand for uninterrupted power supply will positively sway the industry outlook. The rollout of 5G spectrum coupled with a burgeoning subscriber base, prompts substantial investments in the telecom sector, thereby benefiting the industry outlook. Additionally, the introduction of novel public-private partnership models to encourage non-governmental capital involvement will fuel the product penetration.

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.