DUBLIN--(BUSINESS WIRE )--The "U.S. Diesel Genset Market Report: By Power Requirement, Mobility, Power Rating, Application - Competitive Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
U.S. diesel genset market is expected to reach $3,132.4 million by 2030 from $2,175.6 million in 2021, at a 4.1% compound annual growth rate from 2021 to 2030 owing to the growing instances of power outages and rising development of hotels, corporate offices, and homes.
The spending on construction in February 2022 amounted to $1,704.4 billion, a rise of approximately 0.5% from the $1,695.5 billion recorded the previous month, according to the U.S. Census Bureau.
Based on power requirement, the sale of backup power gensets is predicted to grow at the higher U.S. diesel genset market CAGR due to the increasing number of diesel gensets in dwellings, hotels, hospitality units, healthcare facilities, and manufacturing facilities. Moreover, the growing need for backup power gensets is fueled by the development of data centers, as well as the increasing susceptibility to power outages caused by natural catastrophes.
Several players in the U.S. diesel genset market are focusing on releasing products to improve their standing and acquire a larger consumer base. Players in the market are Doosan Enerbility Co. Ltd., Wacker Neuson Group, Atlas Copco AB, AB Volvo, Rolls-Royce plc, Generac Holdings Inc., Kubota Corporation, Kohler Co., Cummins Inc., and Caterpillar Inc.
Based on mobility, the stationary category dominated the U.S. diesel genset market in 2021, with a revenue share of roughly 60%. This is due to the increasing use of these gensets in data centers, corporate offices, oil and gas refineries, housing societies, manufacturing plants, product distribution centers, and transportation applications.
Key Findings of U.S. Diesel Genset Market Report
4.3.1.1 Launch of advanced diesel gensets
4.3.2.1 Increase in the number of data centers
4.3.2.2 Rising instances of power outages and need for continuous power supply for certain operations
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3.1 Adoption of alternative power sources
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Impact of COVID-19 on U.S. Diesel Genset Market
4.3.5 Emission Standards and Related Requirements for Steady-State Testing of Engines
4.3.5.1 Optional standards for diesel gensets below 8 kW
4.3.5.2 Regulations for gensets covered under the primary family emission limit (FEL) cap
Chapter 5. U.S. Diesel Genset Market Size and Forecast
5.1.1.1 Stationary Prime Power, by Application
5.1.1.2 Portable Prime Power, by Application
5.1.2.1 Stationary Backup Power, by Application
5.1.2.2 Portable Backup Power, by Application
6.1 Market Share Analysis of Key Players
6.2 Strategic Developments of Key Players
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900