Market Size of United States Diesel Generator Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Diesel Generator Market Analysis
The United States diesel generator market is expected to register a CAGR of more than 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the long term, factors like increasing growth in mining, manufacturing, agriculture, and construction, the industrial segment is expected are expected to drive the market.
- On the other, hand increasing shift towards cleaner energy sources is a major restraint hindering the growth of the .market
- Nevertheless, with the increasing deployment of data centers in the region with the Internet of Things (IoT) adoption, the demand for diesel generator sets is expected to create enormous opportunities for Diesel Generators deployment.
US Diesel Generator Industry Segmentation
The diesel generator is equipment that uses a diesel engine to generate electricity. It uses an alternator to generate electricity. They are typically used in developing areas where they are not connected to the power grid and where power outages are frequent.
The United States Diesel Generator Market is segmented by capacity, application, and end-user. By capacity, the market is segmented into 0-100 kVA, 101-350 kVA, 351-1000 kVA, and Above 1000 kVA. By end-user, the market is segmented into residential, commercial, and industrial. By application, the market is segmented into standby backup power, prime power, and peak shaving power. The report also covers the market size and forecasts for the diesel generator market in the United States. For each segment, the market sizing and forecasts have been done based on revenue (USD Billions).
| Capacity | |
| 0-100 kVA | |
| 101-350 kVA | |
| 351-1000 kVA | |
| Above 1000 kVA |
| End-User | |
| Residential | |
| Commercial | |
| Industrial |
| Application | |
| Standby Backup Power | |
| Prime Power | |
| Peak Shaving Power |
United States Diesel Generator Market Size Summary
The United States diesel generator market is poised for growth, driven by the increasing demand from sectors such as mining, manufacturing, agriculture, and construction. The industrial segment is expected to dominate the market due to its reliance on diesel generators for power during outages and in areas with limited grid connectivity. Diesel generators are favored for their cost-effectiveness, reliability, and improved technology, which offers reduced noise and maintenance costs. Despite the shift towards cleaner energy sources posing a challenge, the rising deployment of data centers and IoT adoption presents significant opportunities for market expansion. The ease of transportation and storage of diesel further enhances its popularity over gas generator sets, contributing to the market's positive outlook.
The market is also influenced by the growing energy demand and the need for uninterrupted power supply across commercial and industrial operations in the United States. The increasing frequency of severe weather events, such as hurricanes, has heightened the demand for backup power solutions, including diesel generators. Additionally, the oil and gas sector's exploration activities in remote areas necessitate the use of diesel generators for operational efficiency. The United States' position as a leading producer of crude oil, supported by shale gas plays, underscores the importance of diesel generators in the energy landscape. The market is characterized by fragmentation, with key players like Kohler Co., Caterpillar Inc., Cummins Inc., Atlas Copco AB, and Generac Holdings Inc. actively contributing to its development through product innovations and expansions.
United States Diesel Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Capacity
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2.1.1 0-100 kVA
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2.1.2 101-350 kVA
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2.1.3 351-1000 kVA
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2.1.4 Above 1000 kVA
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2.2 End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 Application
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2.3.1 Standby Backup Power
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2.3.2 Prime Power
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2.3.3 Peak Shaving Power
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United States Diesel Generator Market Size FAQs
What is the current United States Diesel Generator Market size?
The United States Diesel Generator Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in United States Diesel Generator Market?
Kohler Co., Caterpillar Inc, Cummins Inc., Atlas Copco AB and Generac Holdings Inc. are the major companies operating in the United States Diesel Generator Market.
