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U.S. Generator Sets Market Size – By Power Rating, By Fuel, By End Use, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

  • Report ID: GMI6447
  • Published Date: Dec 2024
  • Report Format: PDF

U.S. Generator Sets Market Size

The U.S. generator sets market was valued at USD 8.7 billion in 2024 and is estimated to grow at a CAGR of 6.9% from 2025 to 2034. The shift toward cleaner & more sustainable energy solutions driven by advancements in generator efficiency, emission reductions and automation will fuel product penetration. The surging integration of IoT technologies including predictive maintenance, diagnostics and remote monitoring along with the expansion of construction will enhance the industry landscape.
 

U.S. Generator Sets Market

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A generator set is an electrical system consisting of an engine, generator and other components designed to generate electrical power. These units are mainly used to provide emergency power during grid outages or in locations without grid access. The rising frequency of extreme weather events and natural disasters has increased the need for reliable backup power solutions. Furthermore, stricter environmental regulations and emissions standards, along with advancements in generator set efficiency, have driven the growing demand for these units nationwide.
 

U.S. Generator Sets Market Trends

The robust growth of data centers, critical infrastructure, and healthcare sectors along with the flexibility and cost-effectiveness of rental services will positively impact the generator sets market. Additionally, rising investments in technological innovations, including the integration of smart technologies alongside a focus on research and development will enhance the business landscape. The increasing adoption of smart technologies coupled with regulatory standards for backup power solutions in various sectors will foster product deployment.
 

U.S. Generator Sets Market Analysis

U.S. Generator Sets Market Size, By Power Rating, 2022 - 2034 (USD Billion)
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The > 750 kVA generator sets market will exceed USD 1.5 billion by 2034, driven by the rising demand for electricity in manufacturing plants and large-scale commercial establishments. High-capacity units are crucial to meet the power needs of energy-intensive operations. Furthermore, the increasing demand for advanced, smart technological solutions, along with growing concerns about secure operations in remote areas will further boost the overall industry size.
 

U.S. Generator Sets Market Revenue Share, By Fuel, 2024
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The diesel generator sets market size will witness a growth rate of over 5.5% through 2034, owing to their ability to provide reliable, uninterrupted power and cost-effective solutions. These gensets are shaped by trends focused on efficiency, emissions compliance, hybridization, remote monitoring, and alternative fuel systems. Capable of operating at varying loads, these systems are highly adaptable to fluctuating power demands, making them ideal for businesses with changing energy needs. Additionally, they deliver power quickly in emergencies making them perfect for applications requiring immediate backup during grid outages.
 

The commercial gensets market is set to see significant growth owing to their low volatility, high capacity, and exceptional durability. The key factors driving this growth include the increasing need for continuous power supply, the ability to maintain operations during grid failures, and protection against unforeseen disruptions. Additionally, rising investments by commercial enterprises to support seamless digital operations, remote work infrastructure, and data center uptime will positively influence the industry outlook. The integration of digital technologies in line with the ability to provide power during peak load demands will further boost the adoption of these gensets.
 

U.S. Generator Sets Market Size, 2022 - 2034 (USD Billion)
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U.S. generator sets market is set to reach USD 17.2 billion by 2034, owing to their ability to provide uninterrupted power, scalability and advanced emission control technologies. Increasing pressure on utility power supply along with more frequent and severe weather-related disruptions. Growing consumer demand for reliable backup power will drive the adoption of these units. Additionally, ongoing government mandates aimed at reducing emissions along with the development of advanced emission control technologies will further boost the deployment of these products.
 

U.S. Generator Sets Market Share

U.S. Generator Sets Company Market Share Analysis, 2024

The manufacturer in the generator sets industry are adopting several key strategies to strengthen their position and drive growth. Key companies are investing heavily in research and development to meet stringent emission regulations and improve fuel efficiency, thus catering to the growing demand for environmentally friendly solutions. Strategic partnerships and collaborations with key players in various sectors requiring reliable power solutions.
 

U.S. Generator Sets Market Companies

Major players operating in the U.S. generator sets industry are:

  • American Honda Motor
  • Atlas Copco
  • Briggs & Stratton
  • Caterpillar
  • Cummins
  • Deere & Company
  • Generac Power Systems
  • Himoinsa
  • Kohler
  • Kirloskar
  • Mitsubishi Heavy Industries
  • Rapid Power Generation
  • Rolls-Royce
  • Sterling & Wilson
  • Wartsila
  • Yamaha Motor
     

U.S. Generator Sets Industry News

  • In April 2024, Cummins has expanded its centum series with the launch of two new generator sets, the C2750D6E and C3000D6EB, powered by the robust QSK78 engine. Delivering power outputs of 2750 kW and 3000 kW. These models are tailored for critical applications including data centers, healthcare facilities, and wastewater treatment plants. It features fast start performance, superior load handling, and operation in high ambient conditions. The generators also boast a compact design for optimal space utilization and maximum efficiency, reflecting Cummins' innovative approach to power system design.
     
  • In March 2023, Rolls-Royce has secured a pivotal supply contract for four additional MTU naval generators for the USS Congress, the second vessel in the U.S. Navy's Guided-Missile Frigate program. In order to sponsor this initiative and manufacture the gensets domestically, Rolls-Royce has strategically invested in its production facilities in Mankato and Aiken. These investments include significant facility enhancements and upgrades to testing, assembly, and handling equipment.
     

This U.S. generator sets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (‘000 Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Power Rating

  • ≤ 50 kVA
  • > 50 kVA - 125 kVA
  • > 125 kVA - 200 kVA
  • > 200 kVA - 330 kVA
  • > 330 kVA - 750 kVA
  • > 750 kVA

Market, By Fuel

  • Diesel
  • Gas
  • Hybrid & Others

Market, By End Use

  • Residential
  • Commercial
    • Telecom
    • Healthcare
    • Data Centers
    • Educational Institutions
    • Government Centers
    • Hospitality
    • Retail Sales
    • Real Estate
    • Commercial Complex
    • Infrastructure
    • Others
  • Industrial
    • Oil & Gas
    • Manufacturing
    • Construction
    • Electric Utilities
    • Mining
    • Transportation & Logistics
    • Others

Market, By Application

  • Standby
  • Peak Shaving
  • Prime/Continuous

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for generator sets in U.S. reached USD 8.1 billion in 2023 and is anticipated to record around 7.1% CAGR from 2024 to 2032.
The diesel gensets segment is projected to cross USD 3 billion by 2032, owing to the need for reliable and uninterrupted power supply with cost-effective solutions.
The standby generator sets market in U.S. is estimated to surpass USD 10 billion by 2032, on account of uninterrupted power supply and scalability offered by these gensets, along with the emission control technologies.
Kohler Co., Yamaha Motor Co., Generac Power Systems, Sterling & Wilson Pvt., HIMOINSA, Caterpillar, Atlas Copco AB, J C Bamford Excavators Ltd., Rolls-Royce plc, Deere & Company, Mitsubishi Heavy Industries, Ltd., W

U.S. Generator Sets Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 16
  • Tables & Figures: 26
  • Countries covered: 1
  • Pages: 90
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