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U.S. Standby Generator Sets Market Size

Report ID: GMI6450
Published Date: Dec 2024
Report Format: PDF

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U.S. Standby Generator Sets Market Size

The U.S. standby generator sets market was valued at USD 6.6 billion in 2024 and is estimated to grow at a CAGR of 6.8% from 2025 to 2034. The increasing demand for advanced and efficient gensets coupled with stringent environmental regulations and emission standards is set to drive the business growth. Moreover, the rising frequency of extreme weather events and natural disasters has underscored the importance of reliable backup power solutions. Ongoing advancements in smart & energy-efficient units along with the integration of remote monitoring and digital technologies will further enhance the adoption of these gensets.

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A standby generator also known as a backup generator is designed to serve as an alternative power source during outages or disruptions to the main electricity supply. The growth of industrial and commercial sectors including hospitals, data centers, and manufacturing plants, which require uninterrupted operations, will drive the adoption of these standby gensets. Additionally, increasing concerns over grid stability and energy security, along with government investments in backup power solutions, will enhance industry growth.

U.S. Standby Generator Sets Market Report Attributes
Report Attribute	Details
Base Year:	2024
U.S. Standby Generator Sets Market Size in 2024:	USD 6.6 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.8%
2034 Value Projection:	USD 12.9 Billion
Historical Data for:	2021 – 2024
No. of Pages:	80
Tables, Charts & Figures:	8
Segments covered:	Power Rating, Fuel and Application
Growth Drivers:	Increasing frequency of extreme weather events Flourishing real estate sector & automotive industry Rapid urbanization and increasing consumer propensity
Pitfalls & Challenges:	High operation & maintenance cost

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The U.S. standby generator sets market was reached USD 6.6 billion in 2024 and is estimated to grow at a 6.8% CAGR from 2025 to 2034, driven by increasing demand for advanced and efficient gensets.

The diesel standby generator sets market is projected to grow at a rate of over 5% through 2034, led by the demand for power solutions with quick start-up times and reliable performance.

The market for >150 kVA to 300 kVA standby generator sets is expected to exceed USD 4 billion by 2034, propelled by real estate development, infrastructural expansion, and rapid industrialization.

Major players in the industry include Atlas Copco, Briggs & Stratton, Caterpillar, Cummins, Deere & Company, Eaton, Generac Power Systems, Gillette Generators, Himoinsa, J C Bamford Excavators, Kirloskar, Kohler, Rolls-Royce, and Wartsila.