US Diesel Genset Market (2024-2030) | Revenue, Share, Industry, Trends, Growth, Companies, Size, Value, Outlook, Analysis & Forecast

Topics Covered in the US Diesel Genset Market

US Diesel Genset Market report thoroughly covers the market by KVA rating and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

US Diesel Genset Market Synopsis

US Diesel Genset Market is anticipated to grow in the forecast period due to the increasing demand for backup power in various industries. As these industries continue to grow, the demand for reliable power supply becomes even more crucial. Diesel gensets are reliable and cost-effective solutions for providing backup power in situations like natural disasters, grid failures, or other emergency situations. The major drivers for this growth include an increasing demand for backup power in various industries, such as healthcare, data centres, and others. In addition, government initiatives, such as tax incentives and subsidies, are encouraging the use of diesel gensets.

According to 6Wresearch, the US Diesel Genset Market size is projected to grow at the CAGR of 5.5 % during the forecast period of 2024-2030. The increasing demand for backup power in various industries is a major driver of the diesel genset market. Data centers, healthcare facilities, and other critical infrastructure require reliable power backup to ensure uninterrupted operations. Moreover, the growth of the construction industry, particularly in developing countries, is driving the demand for diesel gensets. One of the key drivers of the US diesel genset market is the increasing demand for backup power in critical infrastructure sectors. The increasing frequency and intensity of natural disasters, such as hurricanes, floods, and storms, have necessitated the need for reliable and uninterrupted power supply in these sectors. Another driver is the growing demand for power by data centers, as they strive to keep up with the increasing volumes of data generated daily.

The need to comply with strict emission regulations, especially in California, is also driving the demand for diesel gensets in the country. There are certain challenge present in the Diesel Genset Market In US. Challenges facing the US diesel genset market include the high cost of maintenance and operation of these generators. They often require specialized parts and regular maintenance to operate efficiently, costs which can affect their affordability. Additionally, the industry is confronting stringent government regulations aimed at reducing emissions given that diesel gensets produce greenhouse gases that contribute to environmental pollution. Some States have implemented regulations that incentivize cleaner generation options such as natural gas-fired generators at the cost of diesel gensets.

Government policies and schemes introduced in the US Diesel Genset Market

The US federal and state governments have implemented several initiatives aimed at promoting sustainable and reliable power supply in the country. For instance, the Environmental Protection Agency (EPA) in partnership with manufacturers have established more stringent emissions regulations targeted towards gensets. Most States have enacted tax credits, rebates, and other incentives to encourage cleaner energy-as-a-service offerings makeup by natural gas, solar and wind-powered generation. Additionally, the Department of Energy provides funding to businesses to promote renewable, hydro, and biomass energy. These initiatives have had a significant impact on the US Diesel Genset Market Growth, driving the shift towards cleaner and more efficient generation options.

Leading players in the US Diesel Genset Market

Several key players dominate the US Diesel genset Industry. These include Caterpillar Inc., Cummins Inc., Generac Power Systems, Kohler Co., and MTU Onsite Energy Corp. These companies have invested heavily in research and development to offer more efficient, reliable, and environmentally friendly diesel generators to meet the evolving market demand. They also offer a range of services, including installation, maintenance, and repair of gensets to provide seamless operations for their clients and build long-term customer loyalty.

Market analysis by KVA Ratings

According to Ravi Bhandari, Research Head, 6Wresearch, Diesel gensets are categorized by kVA rating. The most common categories in the US market are 5 kVA - 75 kVA, 75.1 kVA – 375 kVA, 375.1 kVA - 750 kVA, 750.1 KVA-1000 KVA, and above 1000 KVA. Among all these categories, the 75.1 kVA – 375 kVA segment is expected to experience the highest growth by 2025. This range is most commonly used in commercial and industrial applications, such as data centers, hospitals, and retail centers. The demand for diesel gensets in these segments is driven by the need for uninterrupted power supply as well as the increasing frequency of extreme weather events.

Market analysis By Applications

The main applications of US Diesel Genset Market are residential, commercial, industrial, and transportation and public infrastructure. Among these, the commercial segment is expected to experience the highest growth and it has remarkably contributed towards upsurge in US Diesel Genset Market Share. The rise of e-commerce and the increasing need for data centers and server farms to support online business is the main driver of diesel genset demand in this segment.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• US Diesel Genset Market Outlook
• Market Size of US Diesel Genset Market, 2023
• Forecast of US Diesel Genset Market, 2030
• Historical Data and Forecast of US Diesel Genset Market Revenues & Volume for the Period 2020 - 2030
• US Diesel Genset Market Trend Evolution
• US Diesel Genset Market Drivers and Challenges
• US Diesel Genset Market Price Trends
• US Diesel Genset Market Porter's Five Forces
• US Diesel Genset Market Industry Life Cycle
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by KVA ratings for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and Volume by 5 - 75 KVA for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by 75.1 - 375 KVA for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by 375.1 - 750 KVA for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by 750.1 - 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Above 1000 KVA for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Application for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Residential for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Commercial for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Industrial for the Period 2020-2030
• Historical Data and Forecast of US Diesel Genset Market Revenues and volume by Transportation and public Infrastructure for the Period 2020-2030
• US Diesel Genset Market Import Export Trade Statistics
• Market Opportunity Assessment by KVA ratings
• Market Opportunity Assessment by Application
• US Diesel Genset Market Top Companies Market Share
• US Diesel Genset Market Competitive Benchmarking by Technical and Operational Parameters
• US Diesel Genset Market Company Profiles
• US Diesel Genset Market Key Strategic Recommendation

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By kVA Rating

• 5 kVA - 75 kVA
• 75.1 kVA – 375 kVA
• 375.1 kVA - 750 kVA
• 750.1 KVA-1000 KVA
• Above 1000 KVA

By Applications

• Residential
• Commercial
• Industrial
• Transportation & public Infrastructure

Frequently Asked Questions About the Market Study: FAQs