U.S. Standby Generator Sets Market Size - By Power Rating (≤ 50 kVA, > 50 kVA - 150 kVA, > 150 kVA - 300 kVA, > 300 kVA - 500 kVA, > 500 kVA), By Fuel (Diesel, Gas), By Application (Residential, Commercial, Industrial), & Forecast, 2024 - 2032

U.S. Standby Generator Sets Market Size

U.S. Standby Generator Sets Market was valued at USD 6.1 billion in 2023 and is projected to register over 7.2% CAGR between 2024 and 2032. Rising industrial and commercial establishments including data centers, hospitals, and manufacturing plants in line with to ensure reliable and continuous operations without disruptions will complement the adoption of these standby gensets. Growing concern toward grid stability and energy security coupled with government investment in backup power solutions will fuel the industry landscape.
 

Growing demand for advanced and efficient gensets along with strict environmental regulations and emission standards will propel the U.S. standby generator sets market outlook. Additionally, the rise in extreme weather-related incidents and natural disasters has raised significance of dependable backup power solutions. Continuous development of smart energy efficient units in conjunction with integration of remote monitoring and digitalization technologies will strengthen the penetration of these gensets. The increasing dependence on electricity to maintain day-to-day activities will amplify the demand for owning and operating standby generators. The growing inclination and awareness for efficient fuel system technology combined with reliable and affordable backup power solutions will foster the adoption of these generator sets across a diverse range of users.

COVID- 19 Impact

The COVID- 19 pandemic had several potential impacts on the standby generator industry in the U.S. Many industries, including manufacturing, faced disruptions in their supply chains due to lockdowns, restrictions, and labor shortages. This could have potentially affected the production and distribution of standby generator sets, leading to delays in deliveries and installations. The pandemic impacted various construction projects and infrastructure developments. In addition, economic uncertainty and financial challenges caused by the pandemic could have influenced purchasing decisions.
 

U.S. Standby Generator Sets Market Analysis

U.S. standby generator sets market will exceed over USD 11.5 billion revenue of the global standby generator sets market by 2032. The occurrence of widespread power outages has significantly heightened consumer awareness and spurred the demand for backup power solutions, thereby creating favorable opportunities for market expansion. Ongoing investment by the public and private players toward the expansion of commercial and industrial establishments will proliferate the demand for these gensets. Aging grid infrastructure and government incentives program to establish sustainable power backup solutions will augment the industry outlook.
 

The industrial application is estimated to observe gains at nearly 7.5% up to 2032. The market for industrial standby gensets has been consistently witnessing an upward trajectory in demand, attributed to the increasing requirement for dependable backup power solutions and escalating investments in infrastructure. The rapid pace of industrialization coupled with the ongoing expansion of small and medium-sized industries will spur the product penetration across the country. However, the resurgence in mining activities supported by respective legislative authorities in the sector will further boost to the U.S. standby generator sets industry growth.
 

The diesel powered standby gensets market is anticipated to reach USD 2 billion by 2032. The increasing demand for power solutions that offer rapid start-up and optimal reliability will additionally contribute to the broader utilization of these units. Surging infrastructural development, robust industrialization, and flourishing construction activities has further stimulated the industry scenario. Stringent emission regulation in conjunction with innovation of cleaner burning diesel engines with advanced emission control technologies will influence the U.S. standby generator sets market. Moreover, the demand for decentralized power generation in remote or off-grid areas is driving the use of diesel-powered standby generators.
 

The > 150 kVA to 300 kVA capacity of generator sets market size surpassed USD 1.5 billion in 2022. These generators sets are experiencing significant growth on account of flourishing commercial and industrial sector. The ongoing growth of this industry can be largely attributed to the escalating demand stemming from infrastructural expansion, real estate development, and rapid industrialization. Growing focus toward integration of digital technologies including IoT and remote monitoring will sway the market size. Furthermore, the government authority of the country is focusing on the efficient energy technologies systems in line with ongoing incentive programs related to backup power and reduction of emissions will influence the adoption of standby gensets within this power range.
 

U.S. Standby Generator Sets Market News

• In November 2022, Kohler Co. expanded its existing & continued North American generator manufacturing & designing facility in Wisconsin. The production facility includes a 155,000-square-foot area of testing, production, and warehousing space coupled with a customer experience center spread across 10,000 square foot. The plant expansion reinforced Kohler’s continued growth in various strategic markets comprising healthcare and data center.
   
• In August 2022, Caterpillar launched three new standby diesel gensets, ranging from 20 to 30 kW, in North America. The gensets are already used in heavy-duty components across the world and are ideal for small standby applications comprising retail, healthcare, commercial enterprises, telecommunications, wastewater treatment, municipal infrastructure, and office buildings.
   

U.S. Standby Generator Sets Market Share

Key industry players operating in the U.S. standby generator sets market include :

• HIMOINSA Power Systems Inc.
• Wärtsilä
• Gillette Generators
• Deere & Company
• Eaton
• Rolls-Royce plc
• Atlas Copco AB
• J C Bamford Excavators Ltd.
• HIMOINSA
• Caterpillar
• Generac Power Systems, Inc.
• Kohler Co.
• Siemens
• Kirloskar
• Cummins, Inc.
•  Briggs & Stratton.
   

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

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By Power Rating

• ≤ 50 kVA
• > 50 kVA - 150 kVA
• > 150 kVA - 300 kVA
• > 300 kVA - 500 kVA
• > 500 kVA

By Fuel

• Diesel
• Gas
• Others

By Application

• Residential
• Commercial
• Industrial