U.S. Standby Generator Sets Market Analysis

U.S. Standby Generator Sets Market Analysis

To get key market trends

  Download Free Sample

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.