Generator Market Regional Analysis:
North American Market Insights
The generator market in North America is estimated to have the largest share of 40% in 2035, impelled by increasing demand for renewable energy resources. The U.S. government has been promoting the usage of generators because of the lack of electrical service or power failures. According to the U.S. Energy Information Administration, in 2022, annual U.S. renewable energy generation surpassed coal for the first time in history. According to a report by the Department of Energy, by 2025, domestic solar energy generation is expected to increase by approximately 75%, and wind by 11%.
APAC Market Insights
The Asia Pacific generator market is estimated to be the second largest, during the forecast timeframe led by the expansion of several facilities across the countries such as China. Furthermore, there has been a growth in the data centers in the Asia-Pacific which is boosting the demand for data center generators mainly to ensure a sufficient power supply for the IT operations, this contributes as the growth driver of the market.
