U.S. Diesel Genset Market Report: By Power Requirement, Mobility, Power Rating, Application - Competitive Analysis and Demand Forecast to 2030

Description

List of Tables

Owing to the growing instances of power outages and rising development of hotels, corporate offices, and homes, the 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. 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.

Key Findings of U.S. Diesel Genset Market Report:

The requirement for diesel generators for residential needs is predicted to grow at the highest rate. A major reason for this would be the residential industry's growing usage of generators that have power capacities under 80 kW, to power equipment such as water purifiers and water pumps.

Caterpillar Inc. announced 9 Cat GC diesel generators for medium- to large-scale stationary standby applications in November 2021. In North America, there are three types of gensets available, ranging from 800 kW to 1250 kW for 60 Hz applications.

Generac Holdings Inc. introduced the MDE570 and MDE330 diesel mobile generators in October 2021, to deliver ease of maintenance and operation.

People in the U.S. are turning to backup power sources such as solar PV systems and gas or diesel gensets owing to the power disruptions caused by the outdated electricity grid infrastructure.

Hyperscale cloud providers and business enterprises in the U.S. are increasingly using data centers to meet international and domestic data demand. Data centers demand a constant power supply and use genset as a backup.

Diesel gensets are in high demand because many construction operations take place in areas where the demand for electricity is not met.

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.

Product Code: 11668

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
- 1.3.1 Market Segmentation by Power Requirement
- 1.3.2 Market Segmentation by Mobility
- 1.3.3 Market Segmentation by Power Rating
- 1.3.4 Market Segmentation by Application
- 1.3.5 Analysis Period
- 1.3.6 Market Data Reporting Unit
  - 1.3.6.1 Volume
  - 1.3.6.2 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
  - 2.2.1.1 By industry participant
  - 2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
2.6 Notes & Caveats

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments
- 4.1.1 By Power Requirement
  - 4.1.1.1 Prime power
  - 4.1.1.2 Backup power
- 4.1.2 By Mobility
  - 4.1.2.1 Stationary
  - 4.1.2.2 Portable
- 4.1.3 By Power Rating
  - 4.1.3.14 Above 500 kVA
- 4.1.4 By Application
  - 4.1.4.1 Commercial
    - 4.1.4.1.1 Retail establishments
    - 4.1.4.1.2 Commercial offices
    - 4.1.4.1.3 Telecom towers
    - 4.1.4.1.4 Hospitals
    - 4.1.4.1.5 Hotels
    - 4.1.4.1.6 Event sites
    - 4.1.4.1.7 Others
  - 4.1.4.2 Industrial
    - 4.1.4.2.1 Manufacturing
    - 4.1.4.2.2 Power
    - 4.1.4.2.3 Oil & Gas
    - 4.1.4.2.4 Others
  - 4.1.4.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
- 4.3.1 Trends
  - 4.3.1.1 Launch of advanced diesel gensets
- 4.3.2 Drivers
  - 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
  - 4.3.2.3 Growth in construction industry
  - 4.3.2.4 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
  - 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
- 4.3.6 Regulatory Procedure
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Intensity of Rivalry
- 4.4.4 Threat of New Entrants
- 4.4.5 Threat of Substitutes

Chapter 5. U.S. Diesel Genset Market Size and Forecast

5.1 By Power Requirement
- 5.1.1 Prime Power
  - 5.1.1.1 Stationary Prime Power, by Application
  - 5.1.1.2 Portable Prime Power, by Application
- 5.1.2 Backup Power
  - 5.1.2.1 Stationary Backup Power, by Application
  - 5.1.2.2 Portable Backup Power, by Application
5.2 By Mobility
5.3 By Power Rating
- 5.3.1 5-14 kVA
  - 5.3.1.1 By power requirement
    - 5.3.1.1.1 Prime power
    - 5.3.1.1.1.1 Stationary prime power, by application
    - 5.3.1.1.1.2 Portable prime power, by application
    - 5.3.1.1.2 Backup power
    - 5.3.1.1.2.1 Stationary backup power, by application
    - 5.3.1.1.2.2 Portable backup power, by application
- 5.3.2 15-24 kVA
  - 5.3.2.1 By power requirement
    - 5.3.2.1.1 Prime power
    - 5.3.2.1.1.1 Stationary prime power, by application
    - 5.3.2.1.1.2 Portable prime power, by application
    - 5.3.2.1.2 Backup power
    - 5.3.2.1.2.1 Portable backup power, by application
- 5.3.3 25-34 kVA
  - 5.3.3.1 Prime power
    - 5.3.3.1.1 Stationary prime power, by application
    - 5.3.3.1.2 Portable prime power, by application
  - 5.3.3.2 Backup power
    - 5.3.3.2.1 Stationary backup power, by application
    - 5.3.3.2.2 Portable backup power, by application
- 5.3.4 35-44 kVA
  - 5.3.4.1 By power requirement
    - 5.3.4.1.1 Prime power
    - 5.3.4.1.1.1 Stationary prime Power, By application
    - 5.3.4.1.1.2 Portable prime power, by application
    - 5.3.4.1.2 Backup power
    - 5.3.4.1.2.1 Stationary backup power, by application
    - 5.3.4.1.2.2 Portable backup power, by application
- 5.3.5 45-54 kVA
  - 5.3.5.1 By power requirement
    - 5.3.5.1.1 Prime power
    - 5.3.5.1.1.1 Stationary prime power, by application
    - 5.3.5.1.1.2 Portable prime power, by application
    - 5.3.5.1.2 Backup power
    - 5.3.5.1.2.1 Stationary backup power, by application
    - 5.3.5.1.2.2 Portable backup power, by application
- 5.3.6 55-64 kVA
  - 5.3.6.1 By power requirement
    - 5.3.6.1.1 Prime power
    - 5.3.6.1.1.1 Stationary prime power, by application
    - 5.3.6.1.1.2 Portable prime power, by application
    - 5.3.6.1.2 Backup power
    - 5.3.6.1.2.1 Portable backup power, by application
- 5.3.7 65-74 kVA
  - 5.3.7.1 By power requirement
    - 5.3.7.1.1 Prime power
    - 5.3.7.1.1.1 Stationary prime power, by application
    - 5.3.7.1.1.2 Portable prime power, by application
    - 5.3.7.1.2 Backup power
    - 5.3.7.1.2.1 Stationary backup power, by application
    - 5.3.7.1.2.2 Portable backup power, by application
- 5.3.8 75-99 kVA
  - 5.3.8.1 By power requirement
    - 5.3.8.1.1 Prime power
    - 5.3.8.1.1.1 Stationary prime power, by application
    - 5.3.8.1.1.2 Portable prime power, by application
    - 5.3.8.1.2 Backup power
    - 5.3.8.1.2.1 Stationary backup power, by application
    - 5.3.8.1.2.2 Portable backup power, by application
- 5.3.9 100-149 kVA
  - 5.3.9.1 By power requirement
    - 5.3.9.1.1 Prime power
    - 5.3.9.1.1.1 Stationary prime power, by application
    - 5.3.9.1.1.2 Portable prime power, by application
    - 5.3.9.1.2 Backup power
    - 5.3.9.1.2.1 Stationary backup power, by application
    - 5.3.9.1.2.2 Portable backup power, by application
- 5.3.10 150-199 kVA
  - 5.3.10.1 By power requirement
    - 5.3.10.1.1 Prime power
    - 5.3.10.1.1.1 Stationary prime power, by application
    - 5.3.10.1.1.2 Portable prime power, by application
    - 5.3.10.1.2 Backup power
    - 5.3.10.1.2.1 Stationary backup power, by application
    - 5.3.10.1.2.2 Portable backup power, by application
- 5.3.11 200-299 kVA
  - 5.3.11.1 By power requirement
    - 5.3.11.1.1 Prime power
    - 5.3.11.1.1.1 Stationary prime power, by application
    - 5.3.11.1.1.2 Portable prime power, by application
    - 5.3.11.1.2 Backup power
    - 5.3.11.1.2.1 Stationary backup power, by application
    - 5.3.11.1.2.2 Portable backup power, by application
- 5.3.12 300-399 kVA
  - 5.3.12.1 By power requirement
    - 5.3.12.1.1 Prime power
    - 5.3.12.1.1.1 Stationary prime power, by application
    - 5.3.12.1.1.2 Portable prime power, by application
    - 5.3.12.1.2 Backup power
    - 5.3.12.1.2.1 Stationary backup power, by application
    - 5.3.12.1.2.2 Portable backup power, by application
- 5.3.13 400-499 kVA
  - 5.3.13.1 By power requirement
    - 5.3.13.1.1 Prime power
    - 5.3.13.1.1.1 Stationary prime power, by application
    - 5.3.13.1.1.2 Portable prime power, by application
    - 5.3.13.1.2 Backup power
    - 5.3.13.1.2.1 Stationary backup power, by application
    - 5.3.13.1.2.2 Portable backup power, by application
- 5.3.14 Above 500 kVA
  - 5.3.14.1 By power requirement
    - 5.3.14.1.1 Prime power
    - 5.3.14.1.1.1 Stationary prime power, by application
    - 5.3.14.1.1.2 Portable prime power, by application
    - 5.3.14.1.2 Backup power
    - 5.3.14.1.2.1 Stationary backup power, by application
    - 5.3.14.1.2.2 Portable backup power, by application
5.4 By Application
- 5.4.1 Commercial Application, By User
- 5.4.2 Industrial Application, By User

Chapter 6. Competitive Landscape

6.1 Market Share Analysis of Key Players
6.2 Strategic Developments of Key Players
- 6.2.1 Product Launches
- 6.2.2 Facility Expansion
- 6.2.3 Other Developments

Chapter 7. Company Profiles

7.1 Multiquip Inc.
- 7.1.1 Business Overview
- 7.1.2 Product and Service Offerings
7.2 Cummins Inc.
- 7.2.1 Business Overview
- 7.2.2 Product and Service Offerings
- 7.2.3 Key Financial Summary
7.3 Kohler Co.
- 7.3.1 Business Overview
- 7.3.2 Product and Service Offerings
7.4 Kubota Corporation
- 7.4.1 Business Overview
- 7.4.2 Product and Service Offerings
- 7.4.3 Key Financial Summary
7.5 Atlas Copco AB
- 7.5.1 Business Overview
- 7.5.2 Product and Service Offerings
- 7.5.3 Key Financial Summary
7.6 Mitsubishi Heavy Industries Ltd.
- 7.6.1 Business Overview
- 7.6.2 Product and Service Offering
- 7.6.3 Key Financial Summary
7.7 AB Volvo
- 7.7.1 Business Overview
- 7.7.2 Product and Service Offerings
- 7.7.3 Key Financial Summary
7.8 Generac Holdings Inc.
- 7.8.1 Business Overview
- 7.8.2 Product and Service Offerings
- 7.8.3 Key Financial Summary
7.9 Rolls-Royce plc
- 7.9.1 Business Overview
- 7.9.2 Product and Service Offerings
- 7.9.3 Key Financial Summary
7.10 Caterpillar Inc.
- 7.10.1 Business Overview
- 7.10.2 Product and Service Offerings
- 7.10.3 Key Financial Summary
7.11 Doosan Enerbility Co. Ltd.
- 7.11.1 Business Overview
- 7.11.2 Product and Service Offerings
- 7.11.3 Key Financial Summary
7.12 Wacker Neuson Group
- 7.12.1 Business Overview
- 7.12.2 Product and Service Offerings
- 7.12.3 Key Financial Summary
7.13 HIPOWER SYSTEMS
- 7.13.1 Business Overview
- 7.13.2 Product and Service Offerings

Chapter 8. Appendix

8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports