Market Size of North America Diesel Generator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Diesel Generators Market Analysis
The North American diesel generator market is expected to register a CAGR of more than 3% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- In the long run, the market is likely to be driven by things like a growing need for constant power and more power outages in the region caused by natural disasters.
- On the other hand, the move toward cleaner energy sources is a major thing that slows 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 generator deployment.
- The United States is expected to lead the generator sets market in the North American region due to the increasing number of infrastructure projects and rising number of power outages in the country.
North America Diesel Generators 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 that are not connected to the power grid and where power outages are frequent.
The North American diesel generator market is segmented by capacity, application, end user, and geography. By capacity, the market is segmented into three categories: less than 75 kVA, between 75 and 375 kVA, and more than 375 kVA. By application, the market is segmented into standby power, prime/continuous power, and peak shaving. By end user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the North American diesel generator market across the major countries in the region. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
| Capacity | |
| Less than 75 kVA | |
| Between 75-375 kVA | |
| More than 375 kVA |
| Application | |
| Standby Power | |
| Prime/ Continuous Power | |
| Peak Shaving |
| End-User | |
| Residential | |
| Commercial | |
| Industrial |
| Geography | |
| United States | |
| Canada | |
| Rest of North America |
North America Diesel Generator Market Size Summary
The North American diesel generator market is poised for growth, driven by an increasing demand for reliable power sources amid frequent power outages and natural disasters. The market has rebounded to pre-pandemic levels and is expected to expand steadily over the forecast period. The United States is anticipated to lead the market due to its burgeoning infrastructure projects and the rising need for power backup solutions. The industrial sector, particularly industries like mining, oil and gas, and railways, is expected to dominate the market as these sectors rely heavily on diesel generators for uninterrupted operations. Despite the shift towards cleaner energy, the high energy density, reliability, and economic advantages of diesel generators continue to make them a preferred choice in various applications.
The demand for diesel generators is further bolstered by the rapid development of data centers and the adoption of IoT technologies, which create significant opportunities for generator deployment. The United States, in particular, is witnessing a surge in demand due to its expanding manufacturing facilities and the need for power in remote oil and gas exploration areas. The market is supported by key players such as Caterpillar Inc., Cummins Inc., and Generac Holdings Inc., who are actively introducing new products to meet the evolving needs of the region. As the frequency of extreme weather events increases, the reliance on diesel generators for backup power is expected to grow, reinforcing the market's upward trajectory during the forecast period.
North America 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 2028
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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 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Capacity
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2.1.1 Less than 75 kVA
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2.1.2 Between 75-375 kVA
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2.1.3 More than 375 kVA
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2.2 Application
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2.2.1 Standby Power
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2.2.2 Prime/ Continuous Power
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2.2.3 Peak Shaving
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2.3 End-User
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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2.4 Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Rest of North America
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North America Diesel Generator Market Size FAQs
What is the current North America Diesel Generator Market size?
The North America Diesel Generator Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in North America Diesel Generator Market?
Caterpillar Inc., Cummins Inc., Generac Holdings Inc., MTU Onsite Energy Corp and Kohler Co are the major companies operating in the North America Diesel Generator Market.
