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U.S. Industrial Generator Market Trends

Report ID: GMI8730
Published Date: Mar 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.