North America Diesel Generator Market Size & Outlook
North America diesel generator market, 2019-2030 (US$M)
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North America diesel generator market highlights
- The North America diesel generator market generated a revenue of USD 3,044.3 million in 2022.
- The market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2022.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 3,044.3 million |
| Market revenue in 2030 | USD 6,487.9 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, High Power Gensets |
| Key market players worldwide | Atlas Copco AB Class A, Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Honda Motor Co Ltd, Kohler, Rolls-Royce Holdings PLC, Wartsila Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 20.1% of the global diesel generator market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,309.9 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America diesel generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diesel generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 42.7% in 2022. Horizon Databook has segmented the North America diesel generator market based on low power gensets, medium power gensets, high power gensets covering the revenue growth of each sub-segment from 2019 to 2030.
North America, led by the U.S., Mexico, and Canada, accounted for nearly 19.94% of the global diesel generator market share in 2021. The presence of prominent diesel generator OEMs and the growing demand for back-up power are the primary driving factors for North America diesel generator market.
The U.S. accounted for the largest share of North America diesel generator market in 2021 and is expected to grow at a steady rate over the forecast period. Increasing efforts to stimulate growth in the industrial sector is expected to boost the market in the coming years.
Canada is another important diesel generator market in North America. Factors including increased, higher power demand, low total cost of ownership, and operational benefits of diesel generators are likely to drive the demand for diesel generators during the forecast period in North America.
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Our clientele includes a mix of diesel generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America diesel generator market , including forecasts for subscribers. This continent databook contains high-level insights into North America diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America diesel generator market size, by country, 2019-2030 (US$M)
North America Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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