U.S. Industrial Generator Market Size

U.S. industrial generator market was valued at USD 4 billion in 2023 and is estimated to grow at a CAGR of 6.3% between 2024 and 2032. The escalating severity and frequency of weather-related disasters along with aging infrastructure within the grid network will foster the business outlook.

Industrial generator sets consist of a generator, which converts mechanical energy into electrical energy, and an engine, which provides the mechanical energy typically by burning diesel, natural gas, or other fuels. These gensets are used to provide backup or prime power to critical infrastructure and large scale facilities. The utilization of these units has undergone a notable shift, evolving from a mere supplementary power source to an essential requirement across a diverse array of applications.

U.S. Industrial Generator Market Trends

Stringent environmental regulations promoting energy efficiency and the increasing focus on cleaner energy sources will drive the generator sets market. The industry stands to gain from the rising demand for reliable & uninterrupted power supply across diverse sectors including manufacturing facilities, oil and gas, mining, and construction sites. Furthermore, rising infrastructural investments along with paradigm shift toward minimizing power outages will foster the business potential.

U.S. Industrial Generator Market Analysis

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The > 375 KVA - 750 kVA power rated generator sets market will surpass USD 2 billion by 2032. Wide scale utilization of these units to power heavy-duty equipment including excavators, cranes, and conveyor belts will augment the business landscape. The mobility of these system drives their applicability across remote mining areas and oil & gas sector with harsh conditions, accelerating the industry potential. Stringent environmental regulations emphasizing on energy efficiency and a shift towards cleaner energy sources will further fuel the product penetration.

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The gas generator sets market will witness a growth rate of over 6.5% thrugh 2032. Ongoing advancements in gas engine technology including lower emissions, predictive maintenance and optimized operation will propel the industry outlook. Favorable government policies and investments in infrastructure coupled with surging integration of these gensets with energy storage systems will positively sway the industry outlook.

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U.S. industrial generator market is set to reach USD 6.9 billion by 2032. Increased spending on construction activities for providing continuous lighting and ensuring uninterrupted operations will favor the business scenario. Increasing concerns about power outages owing to natural disasters, grid instability and other related factors will offer significant opportunities for industry expansion. Additionally, increasing strain on utility electricity supply coupled with growing consumer awareness regarding the necessity of backup solutions will bolster the product deployment.

U.S. Industrial Generator Market Share

Atlas Copco AB is a company known for its expertise in providing sustainable productivity solutions. The company is renowned for its comprehensive portfolio of products and services ranging from compressors, vacuum solutions, and air treatment systems to construction and mining equipment, it also offers power generation solutions, including gensets. The company offers a wide range of gensets catering to various power needs in diverse applications.

U.S. Industrial Generator Market Companies

The key industry players include:

• Atlas Copco AB
• Briggs & Stratton
• Caterpillar
• Champion Power Equipment
• Cummins, Inc.
• Deere & Company
• Doosan Corporation
• FG Wilson
• Generac Power Systems, Inc.
• HIMOINSA
• HIMOINSA Power Systems, Inc.
• Kohler Co.
• KUBOTA Corporation
• Mitsubishi Heavy Industries, Ltd.
• Pramac
• Rolls-Royce plc
• Wacker Neuson SE
• Wartsila
• Yamaha Motor Co., Ltd.
• YANMAR Holdings Co., Ltd.
  

U.S. Industrial Generator Industry News

• In March 2023, Rolls-Royce received a contract for an extra four MTU naval generators designated for the USS Congress, the second vessel within the U.S. Navy's Guided-Missile Frigate initiative. To bolster this program and facilitate the domestic manufacture of the generators, Rolls-Royce has committed significant investments at its production facilities located in Mankato, Minnesota, and Aiken, South Carolina. These strategic investments encompass enhancements to the facilities themselves, along with upgrades to assembly, testing, and handling equipment.
  
• In February 2023, Caterpillar Inc. unveiled their new diesel genset Cat XQ330 for standby and prime power applications. It is fueled by the C9.3B diesel engine. Features a weather-proof enclosure for easy transport, deployment, and maintenance, with features like a block heater, battery charger, switchable voltage outputs, and optional trailer mounting. It includes a digital control panel and Cat Connect technology for remote monitoring and management, offering real-time insights for improved operational efficiency.
  

This U.S. industrial generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 75 kVA
•  > 75 kVA - 375 kVA
• > 375 KVA - 750 kVA
• > 750 kVA - 1,250 kVA
• > 1,250 kVA

Market, By Fuel

• Diesel
• Gas
• Others

Market, By End Use

• Data Centers
• Oil & Gas
• Manufacturing
• Construction
• Electric Utilities
• Mining
• Transport & Logistics
• Others

Market, By Application

• Standby
• Peak Shaving
• Prime/Continuous