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ENERGY & POWER

United States (U.S.) Generator Market Segmentation by Power Capacity (Up to 50 KW, 50-150 KW, 151-250 KW, 251-350 KW, 351-450 KW, 451-750 KW, 751-1000 KW, 1000-1500 KW, 1500-2500 KW, 2500-3500 KW, and Above 3500 KW); by Fuel Type (Diesel, Natural Gas, Gasoline, Hybrid, and Others); by Application (Standby, Prime & Continuous, and Peak Shaving); and by End-Use Industry – Demand Analysis & Opportunity Outlook 2018-2025

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Extensive insights into the Growth of Generator Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • April 30th, 2019: Briggs & Stratton announced that it has launched the new P4500 PowerSmart Series inverter generator, which is focused primarily on RV travelers. These generators are known to be 60% quieter than a standard generator and also provide nearly 16 hours of runtime.

  • November 1st, 2019: Taylor Power Systems, Inc. announced the launch of its mobile generator, TR25 Tier 4F, which is a trailer mounted mobile unit, designed especially for equipment rental companies that provide immediate transportable power.

United States (U.S.) Generator Market Highlights Over 2018 - 2025

The United States (U.S.) generator market is estimated to garner a revenue of USD 7216.5 Million by the end of 2025, by growing with a CAGR of 4.0% over the forecast period, i.e., 2021 – 2025. Moreover, in the year 2020, the market registered a revenue of USD 6021.6 Million. The growth of the market can be attributed to the growing power outages in commercial, industrial and residential sectors in the country, and for the growing need for reliable power source, especially amongst the commercial and industrial users. Further, the growing consumption of electricity in the country is also expected to contribute to the market growth in the coming years.

United States generator market GraphOne of the major factors which is driving the need for reliable power source in the United States is the growing economy. According to the statistics by the Bureau of Economic Analysis of the Government of the United States, the GDP (in current Dollars) in California, New York, and Texas grew from USD 1973511.9 Million, USD 1212485.1 Million, and USD 1237304.0 Million respectively in the year 2010 to USD 3091871.5 Million, USD 1699044.7 Million, and USD 1759734.4 Million respectively in the year 2020. CLICK TO DOWNLOAD SAMPLE REPORT

GDP Of selected GraphMoreover, increasing demand for generator sets from the residential and commercial sector, backed by the growing construction witnessed in these two sectors, is also expected to drive the market growth in the coming years.

United States (U.S.) Generator Market Regional Synopsis

Regionally, the United States (U.S.) generator market is segmented into Alaska, Hawaii, Washington, Oregon, California, and the Rest of U.S. The market in California is expected to garner the second-largest market revenue of USD 1804.1 Million by the end of 2025, up from a revenue of USD 1561.3 Million in the year 2020. The growth of the market in the state can be attributed to the growing economical activities and for the rising availability of business organizations. Moreover, growing consumption of electricity across different areas of the state is also anticipated to drive the growth of the market. According to the statistics by the California Energy Commission, the consumption of electricity in Alameda, Contra Costa, Fresno, Los Angeles, Riverside, and Santa Clara touched 10684.08 Million kWh, 9639.41 Million kWh, 7387.26 Million kWh, 66118.67 Million kWh, 15520.13 Million kWh, and 16664.46 Million kWh respectively in the year 2019.

Electricity Consumption Graph

Alternatively, the market in Washington, which garnered a revenue of USD 151.3 Million in the year 2018, is projected to grow with the highest CAGR of 5.5% during the forecast period.

Growth Drivers and Challenges Impacting the Growth of the United States (U.S.) Generator Market

Growth Drivers

  • Growing Construction in both Residential and Commercial Sectors
  • Rising Economy in Several Cities of the Country

Challenges

  • Stringent Norms Regarding Emissions from Generators

United States (U.S.) Generator Market Segmentation Synopsis

The United States (U.S.) generator market is segmented by power capacity into up to 50 KW, 50-150 KW, 151-250 KW, 251-350 KW, 351-450 KW, 451-750 KW, 751-1000 KW, 1000-1500 KW, 1500-2500 KW, 2500-3500 KW, and above 3500 KW. Out of these segments, the 50-150 KW segment is projected to garner the largest revenue of USD 1024.7 Million by the end of 2025. Based on fuel type, the market is segmented into diesel, natural gas, gasoline, hybrid, and others. Amongst these segments, the diesel genset segment registered the largest revenue of USD 3546.6 Million in the year 2018, and is expected to retain the highest market share by the end of 2025. The natural gas generator segment, on the other hand, is projected to grab the second-highest market share during the forecast period and further grow with a CAGR of 4.1% during the forecast period.

The market is further segmented by application into standby, prime & continuous, and peak shaving. Out of these, the standby generator segment garnered the largest revenue of USD 6555.6 Million in the year 2018, and is further expected to grow with the highest CAGR of 4.2% during the forecast period. Moreover, the market is also segmented by end-use industry into residential, commercial, industrial, healthcare facilities, agriculture & food processing, infrastructure/transportation, retail K-12 education, higher education & research, military, municipality, and others. Amongst these, the residential segment is anticipated to garner the largest revenue of USD 1270.1 Million by the end of 2025.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the United States (U.S.) generator market that are included in our report are Cummins Inc., AKSA POWER GENERATION, DEUTZ AG, Siemens AG, Caterpillar Inc., Briggs & Stratton, LLC, Generac Power Systems, Inc., Rolls-Royce plc, Kohler Co., Mitsubishi Heavy Industries, Ltd., Taylor Power Systems, Inc., Gillette Generators, WINCO, Multiquip Inc., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Objective
    2. Primary Research
    3. Secondary Research
    4. Research Methodology
  4. Analyst Review
  5. Executive Summary – US Generator Market
  6. Industry Value Chain Analysis
  7. Trade Outlook
    1. Import Analysis (USD Million & Units)
    2. Export Analysis (USD Million & Units)
  8. Analysis of Market Dynamics
    1. Growth Drivers
    2. Market Trends
    3. Restraints
    4. Opportunities
  9. Regulatory & Standards Landscape
  10. Industry Risk Analysis
  11. Power Outages Occurrences Analysis
  12. Impact of COVID-19 on the US Generator Market
    1. Impact on the Component Suppliers
    2. Impact on the Manufacturers
    3. Impact on the Supply & Distribution
    4. Impact on the Application
    5. Impact on the Key Market Players
    6. Impact on the Pricing
    7. Market Impact Analysis in 2020 (Quarter Wise) w.r.t. COVID-19 Pandemic (USD Million)
  13. Product Comparative Analysis (Renewable vs Traditional)
  14. Environmental Impact Analysis
  15. Technology Outlook
  16. US Generator Market Future Outlook, 2018-2025
  17. Competitive Landscape
    1. Market Share Analysis, 2020
    2. Competitive Benchmarking
    3. Company Profiles
      1. Cummins Inc.
      2. AKSA POWER GENERATION
      3. DEUTZ AG
      4. Siemens AG
      5. Caterpillar Inc.
      6. Briggs & Stratton, LLC
      7. Generac Power Systems, Inc.
      8. Rolls-Royce plc
      9. Kohler Co.
      10. Mitsubishi Heavy Industries, Ltd.
      11. Taylor Power Systems, Inc.
      12. Gillette Generators
      13. WINCO
      14. Multiquip Inc.
  18. US Generator Market 2018-2025
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
  19. US Generator Market Segmentation Analysis, 2018-2025
    1. Power Capacity, 2018-2025F (USD Million)
      1. Up to 50 KW, 2018-2025F (USD Million)
      2. 50-150 KW, 2018-2025F (USD Million)
      3. 151-250 KW, 2018-2025F (USD Million)
      4. 251-350 KW, 2018-2025F (USD Million)
      5. 351-450 KW, 2018-2025F (USD Million)
      6. 451-750 KW, 2018-2025F (USD Million)
      7. 751-1000 KW, 2018-2025F (USD Million)
      8. 1000 -1500 KW, 2018-2025F (USD Million)
      9. 1500 – 2500 KW, 2018-2025F (USD Million)
      10. 2500 – 3500 KW, 2018-2025F (USD Million)
      11. Above 3500 KW, 2018-2025F (USD Million)
    2. Fuel Type, 2020-2029F (USD Million)
      1. Diesel, 2018-2025F (USD Million)
      2. Natural Gas, 2018-2025F (USD Million)
      3. Gasoline, 2018-2025F (USD Million)
      4. Hybrid, 2018-2025F (USD Million)
        1. Natural Gas Generator + Battery, 2018-2025F (USD Million)
        2. Natural Gas Generator + Battery + PV Solar, 2018-2025F (USD Million)
        3. Propane + Battery + PV Solar (PBP), 2018-2025F (USD Million)
        4. Others, 2018-2025F (USD Million)
      5. Others, 2018-2025F (USD Million)
    3. Application, 2018-2025F (USD Million)
      1. Standby, 2018-2025F (USD Million)
      2. Prime & Continuous, 2018-2025F (USD Million)
      3. Peak Shaving, 2018-2025F (USD Million)
    4. End-use Industry, 2018-2025F (USD Million)
      1. Residential, 2018-2025F (USD Million)
      2. Commercial, 2018-2025F (USD Million)
        1. Offices, 2018-2025F (USD Million)
        2. Retail Establishment, 2018-2025F (USD Million)
        3. Hospitality & Entertainment, 2018-2025F (USD Million)
        4. Data Centers, 2018-2025F (USD Million)
        5. Telecom, 2018-2025F (USD Million)
        6. Cold Storage Warehouses, 2018-2025F (USD Million)
        7. Others, 2018-2025F (USD Million)
      3. Industrial, 2018-2025F (USD Million)
        1. Oil & Gas, 2018-2025F (USD Million)
        2. Power Plants, 2018-2025F (USD Million)
        3. Manufacturing, 2018-2025F (USD Million)
        4. Water Treatment, 2018-2025F (USD Million)
        5. Construction, 2018-2025F (USD Million)
        6. Mining, 2018-2025F (USD Million)
        7. Others, 2018-2025F (USD Million)
      4. Healthcare Facilities, 2018-2025F (USD Million)
      5. Agriculture & Food Processing, 2018-2025F (USD Million)
      6. Infrastructure/Transportation, 2018-2025F (USD Million)
      7. K-12 Education, 2018-2025F (USD Million)
      8. Higher Education & Research, 2018-2025F (USD Million)
      9. Military, 2018-2025F (USD Million)
      10. Municipality, 2018-2025F (USD Million)
      11. Others, 2018-2025F (USD Million)
  20. Cross Analysis of the fuel-type w.r.t. end-use industry
  21. Cross Analysis of the application w.r.t. end-use industry
  22. States, 2018-2025F (USD Million)
    1. Alaska, 2018-2025F (USD Million)
    2. Hawaii, 2018-2025F (USD Million)
    3. Washington, 2018-2025F (USD Million)
    4. Oregon, 2018-2025F (USD Million)
    5. California, 2018-2025F (USD Million)
    6. Rest of the US, 2018-2025F (USD Million)
  23. Alaska Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
  24. Segmentation Analysis, 2018-2025
    1. Power Capacity, 2018-2025F (USD Million)
      1. Up to 50 KW, 2018-2025F (USD Million)
      2. 50-150 KW, 2018-2025F (USD Million)
      3. 151-250 KW, 2018-2025F (USD Million)
      4. 251-350 KW, 2018-2025F (USD Million)
      5. 351-450 KW, 2018-2025F (USD Million)
      6. 451-750 KW, 2018-2025F (USD Million)
      7. 751-1000 KW, 2018-2025F (USD Million)
      8. 1000 -1500 KW, 2018-2025F (USD Million)
      9. 1500 – 2500 KW, 2018-2025F (USD Million)
      10. 2500 – 3500 KW, 2018-2025F (USD Million)
      11. Above 3500 KW, 2018-2025F (USD Million)
    2. Fuel Type, 2020-2029F (USD Million)
      1. Diesel, 2018-2025F (USD Million)
      2. Natural Gas, 2018-2025F (USD Million)
      3. Gasoline, 2018-2025F (USD Million)
      4. Hybrid, 2018-2025F (USD Million)
        1. Natural Gas Generator + Battery, 2018-2025F (USD Million)
        2. Natural Gas Generator + Battery + PV Solar, 2018-2025F (USD Million)
        3. Propane + Battery + PV Solar (PBP), 2018-2025F (USD Million)
        4. Others, 2018-2025F (USD Million)
      5. Others, 2018-2025F (USD Million)
    3. Application, 2018-2025F (USD Million)
      1. Standby, 2018-2025F (USD Million)
      2. Prime & Continuous, 2018-2025F (USD Million)
      3. Peak Shaving, 2018-2025F (USD Million)
    4. End-use Industry, 2018-2025F (USD Million)
      1. Residential, 2018-2025F (USD Million)
      2. Commercial, 2018-2025F (USD Million)
        1. Offices, 2018-2025F (USD Million)
        2. Retail Establishment, 2018-2025F (USD Million)
        3. Hospitality & Entertainment, 2018-2025F (USD Million)
        4. Data Centers, 2018-2025F (USD Million)
        5. Telecom, 2018-2025F (USD Million)
        6. Cold Storage Warehouses, 2018-2025F (USD Million)
        7. Others, 2018-2025F (USD Million)
      3. Industrial, 2018-2025F (USD Million)
        1. Oil & Gas, 2018-2025F (USD Million)
        2. Power Plants, 2018-2025F (USD Million)
        3. Manufacturing, 2018-2025F (USD Million)
        4. Water Treatment, 2018-2025F (USD Million)
        5. Construction, 2018-2025F (USD Million)
        6. Mining, 2018-2025F (USD Million)
        7. Others, 2018-2025F (USD Million)
      4. Healthcare Facilities, 2018-2025F (USD Million)
      5. Agriculture & Food Processing, 2018-2025F (USD Million)
      6. Infrastructure/Transportation, 2018-2025F (USD Million)
      7. K-12 Education, 2018-2025F (USD Million)
      8. Higher Education & Research, 2018-2025F (USD Million)
      9. Military, 2018-2025F (USD Million)
      10. Municipality, 2018-2025F (USD Million)
      11. Others, 2018-2025F (USD Million)
  25. Hawaii Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
    5. Segmentation Analysis, 2018-2025
      1. Power Capacity, 2018-2025F (USD Million)
      2. Fuel Type, 2020-2029F (USD Million)
      3. Application, 2018-2025F (USD Million)
      4. End-use Industry, 2018-2025F (USD Million)
  26. Washington Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
    5. Segmentation Analysis, 2018-2025
      1. Power Capacity, 2018-2025F (USD Million)
      2. Fuel Type, 2020-2029F (USD Million)
      3. Application, 2018-2025F (USD Million)
      4. End-use Industry, 2018-2025F (USD Million)
  27. Oregon Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
    5. Segmentation Analysis, 2018-2025
      1. Power Capacity, 2018-2025F (USD Million)
      2. Fuel Type, 2020-2029F (USD Million)
      3. Application, 2018-2025F (USD Million)
      4. End-use Industry, 2018-2025F (USD Million)
  28. California Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
    5. Segmentation Analysis, 2018-2025
      1. Power Capacity, 2018-2025F (USD Million)
      2. Fuel Type, 2020-2029F (USD Million)
      3. Application, 2018-2025F (USD Million)
      4. End-use Industry, 2018-2025F (USD Million)
  29. Rest of the US Generator Market
    1. Market Overview
    2. Pricing Outlook
    3. By Value (USD Million)
    4. By Volume (Units)
    5. Segmentation Analysis, 2018-2025
      1. Power Capacity, 2018-2025F (USD Million)
      2. Fuel Type, 2020-2029F (USD Million)
      3. Application, 2018-2025F (USD Million)
      4. End-use Industry, 2018-2025F (USD Million)

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