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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.
Why is the demand for > 375 KVA - 750 kVA industrial generators rising in the U.S.?
The > 375 KVA - 750 kVA power rated industrial generator market in U.S. is likely to surpass USD 2 billion by 2032, led by higher usage to power heavy-duty equipment including excavators, cranes, and conveyor belts.
How much is the U.S. industrial generator market worth?
The market size of U.S. industrial generator was reached USD 4 billion in 2023 and is estimated to witness 6.3% CAGR up to 2032, due to the escalating severity and frequency of weather-related disasters along with aging infrastructure within the grid network.
What is the value of the U.S. industrial gas generator sets market?
U.S. industrial gas generator sets industry size will witness over 6.5% growth rate from 2024 to 2032, led by ongoing advancements in gas engine technology including lower emissions, predictive maintenance and optimized operation.
Which are the major industrial generator companies in U.S.?
Some of the prominent industrial generator firms across the U.S. are Atlas Copco AB, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Inc., Deere & Company, and Doosan Corporation.