U.S. Diesel Generator Market Size & Outlook, 2022-2030
U.S. diesel generator market, 2019-2030 (US$M)
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U.S. diesel generator market highlights
- The U.S. diesel generator market generated a revenue of USD 2,617.5 million in 2022 and is expected to reach USD 5,178.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.9% 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.
Diesel generator market data book summary
| Market revenue in 2022 | USD 2,617.5 million |
| Market revenue in 2030 | USD 5,178.9 million |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 17.3% of the global diesel generator market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. diesel generator market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 649.5 million by 2030.
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Diesel Generator Market Scope
Diesel Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 42.83% in 2022. Horizon Databook has segmented the U.S. 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.
The demand for diesel generator in the U.S. is projected to grow in coming years due to increased demand for backup power system to ensure uninterrupted power supply to important facilities such as data centers, hospitals and others that require 24/7 electric supply.
Growth in industrial and commercial facilities such as shopping malls, high rises, universities, restaurants, office buildings, manufacturing facilities, refineries and others in the U.S. is driving market demand for continuous power supply for efficient business operations.
Natural calamities and worsening weather conditions due to climate change have resulted in prolonged power cuts, which is driving the demand for back-up power as an essential amenity in commercial, residential, and industrial establishments, which is expected to drive the market for diesel generator 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 country-level data and insights on the U.S. diesel generator market , including forecasts for subscribers. This country databook contains high-level insights into U.S. diesel generator market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. diesel generator market size, by power rating, 2019-2030 (US$M)
U.S. Diesel Generator Market Outlook Share, 2022 & 2030 (US$M)
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