The U.S. diesel genset market is expected to witness a CAGR of 7.1% between 2020 and 2030, owing to the increase in the number of data centers. At this rate, the revenue generated from the sale of diesel generator (DG) sets would rise from $2,187.4 million in 2019 to $3,797.6 million by 2030. In the country, the volume of the digital data being created, stored, and used is increasing, which is leading to a high need for efficient storage spaces, in the form of data centers.
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The objective of this research includes;
This is positively impacting the U.S. diesel genset market, as data centers are part of critical infrastructure, which have complex and expensive servers, routers, network gateways, and other information technology (IT) components. Owing to their sensitive nature, they are not able to withstand power cuts, which makes the continuous supply of electricity necessary. Therefore, the rising number of data centers, especially in Chicago, Atlanta, New York Tri-State, Dallas, Phoenix, Virginia, and Silicon Valley, is raising the installation rate of DG sets.
The backup power bifurcation, on the basis of power requirement, dominated the U.S. diesel genset market during 2014–2019, owing to the high requirement for a backup-power generation source in retail stores, residential units, healthcare facilities, large commercial buildings, hotels and restaurants, and manufacturing plants. Due to the easy availability and cost-effectiveness of such systems, they are being rapidly installed to deal with power cuts.
Companies Launching Advanced Gensets for Maximum Profit
In order to gain as much revenue as possible, companies functional in the U.S. diesel genset market are regularly launching advanced products, which:
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The major players in the U.S. diesel genset market are General Electric Company, Caterpillar Inc., Denyo Co. Ltd., Cummins Inc., American Honda Motor Co. Inc., Southwest Products Corporation, Atlas Copco AB, AB Volvo, Generac Holdings Inc., and Kohler Co.
The research includes detailed analysis of;
Based on Power Requirement
Based on Mobility
Based on Power Rating
Based on Application
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From $17,592.6 million in 2019, the global genset market is expected to reach $27,863.0 million by 2030, witnessing a CAGR of 5.8% during 2020–2030 (forecast period). The major reasons behind the advance of the market are the low production of power and uncertainties in the grid in several nations as well as the increasing construction of data centers.
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