US Diesel Generator Market Size
| 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 |
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 Market Trends
This section covers the major market trends shaping the US Diesel Generator Market according to our research experts:
Industrial Segment Expected to Dominate the Market
- The industrial sector is most likely to dominate the market for diesel generators. During power outages, i.e., to prevent production risks and in places where grid connectivity is limited, industrial operations depend heavily on electricity generated by diesel generators.
- Diesel generators use diesel as a fuel to power the engine. Diesel generators are the least expensive equipment for power generation in the world. These generators can serve as a primary power source, a reliable secondary power source, and also a backup or standby power source for industrial customers across the country.
- Moreover, diesel generators used nowadays are much-improved versions of the earlier model. They produce much less noise and needed less cost of maintenance than other generators, thus driving the market during the forecast period.
- Though diesel is costlier than gas, it has a higher energy density, and more energy can be extracted from the same amount of fuel. Diesel is less flammable than gas and other fuels, meaning it is safer to store and handle. Moreover, diesel generators are more reliable, and the initialization of diesel generator sets is more economical than gas generator sets. Due to the ease of transportation and storage of diesel, easy on-site fuel availability has also made diesel generator sets more popular than gas generator sets.
- The United States is expected to have substantial industrial growth over the coming years due to a sharp expansion in manufacturing sectors, which is expected to drive the demand for diesel generators in the industrial sector during the forecast period.
- Hence, owing to the above points, the industrial segment is likely going to dominate the United States diesel generator market during the forecast period.
Increasing Energy Demand Expected to Dominate the Market
- The constant increase in energy demand and an increasing number of commercial and industrial operations in the country will likely drive the United States diesel generator market during the forecast period. The continually growing demand for uninterrupted power supply in the country is also expected to drive the country's diesel generator market.
- The use of diesel generators as critical power generation sources has significantly increased in recent years. According to National Weather Services, the weather pattern in the country has changed in the past few years, driving the turbulent hurricanes. Hurricanes can produce extremely high, dangerous winds, along with lightning, hail, and massive flooding. Consequently, increasing the demand for backup power diesel generators in the country.
- In 2021, the country's total electricity generation was 4115 billion kilowatt-hours, which was 2.7 % higher than what the country produced in 2020, 4007 billion kilowatt-hours. The rising electricity generation in the country exhibits the country's growing commercial and industrial sectors, which require diesel generators for backup power.
- Moreover, the rising oil & gas exploration activities in the United States is expected to boost the demand for diesel generators as the major oil & gas drilling and production process are operated in remote areas where less or no power utility is available. Hence, diesel generators are required for proper operations in the oil & gas sector. In 2021, the United States was estimated to be one of the largest markets among the regions. This is primarily due to the shale gas plays in the country, which has supported the country in becoming the world's largest producer of crude oil.
- Hence, owing to the above points, the increasing energy demand is expected to drive the United States diesel generator market during the forecast period.
US Diesel Generator Industry Overview
The United States diesel generator market is fragmented. Some of the key players in this market (in no particular order) include Kohler Co., Caterpillar Inc., Cummins Inc., Atlas Copco AB, and Generac Holdings Inc.
US Diesel Generator Market Leaders
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Kohler Co.
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Caterpillar Inc
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Cummins Inc.
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Atlas Copco AB
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Generac Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
US Diesel Generator Market News
- In August 2022, Caterpillar Inc. announced the extension of its series of standby diesel generator sets that add three new 60 Hz power nodes from 20 to 30 kW for telecommunications, small industrial, and commercial applications in the United States. The Cat D20, D25, and D30 generator sets meet the U.S. EPA's emergency emission standards as well as all applicable UL and C-UL standards.
- In June 2022, Cummins Inc. launched a new 1MW twin-pack diesel generator, the C1000D6RE, As a twin-pack, the C1000D6RE combines two Cummins 15L, 500kW generators into a single, 40ft power unit, complete with after-treatment. This enables the C1000D6RE to meet Tier 4 final emissions regulations while delivering reliable, high-output performance.
US Diesel Generator Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Capacity
5.1.1 0-100 kVA
5.1.2 101-350 kVA
5.1.3 351-1000 kVA
5.1.4 Above 1000 kVA
5.2 End-User
5.2.1 Residential
5.2.2 Commercial
5.2.3 Industrial
5.3 Application
5.3.1 Standby Backup Power
5.3.2 Prime Power
5.3.3 Peak Shaving Power
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Briggs & Stratton Corporation
6.3.2 Doosan Corporation (Bobcat)
6.3.3 Generac Holdings Inc.
6.3.4 Atlas Copco AB
6.3.5 Cummins Inc.
6.3.6 Caterpillar Inc.
6.3.7 Kirloskar Oil Engines Ltd
6.3.8 Mitsubishi Heavy Industries
6.3.9 MTU Onsite Energy
6.3.10 Kohler Co.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 |
US Diesel Generator Market Research 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.
What years does this United States Diesel Generator Market cover?
The report covers the United States Diesel Generator Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the United States Diesel Generator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Diesel Generator Industry Report
Statistics for the 2024 United States Diesel Generator market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. United States Diesel Generator analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
