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U.S. Standby Generator Sets Market Trends

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

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U.S. Standby Generator Sets Market Trends

The frequency of widespread power outages has raised consumer awareness and driven the demand for backup power solutions, creating favorable opportunities for generator sets market. Continued investments by both public and private sectors in expanding commercial and industrial facilities will boost the demand for these gensets. Additionally, the aging grid infrastructure and government incentive programs aimed at establishing sustainable power backup solutions will further enhance the industry outlook.

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.