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U.S. Industrial Generator Market Size
- Report ID: GMI8730
- Published Date: Mar 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| U.S. Industrial Generator Market Size in 2023: | USD 4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.3% |
| 2032 Value Projection: | USD 6.9 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 90 |
| Segments covered: | Power Rating, Fuel, End Use & Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
U.S. Industrial Generator Market Scope
