Diesel Genset Market in U.S. To Generate Revenue Worth $3,797.6 Million by 2030

The increasing number of data centers in the U.S., on account of the rising need for additional data storage space, owing to the rapid evolution and adoption of 5G, internet of things (IoT), and edge computing technologies in the country, is creating a high requirement for power backup facilities. This power backup need in the U.S. is being met by diesel gensets. Moreover, the soaring investments being made in the development of data centers will also augment the need for diesel gensets in the country.

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Besides, the rising number of power cut instances in the country, mainly on account of overloading and the presence of an aging power grid infrastructure, will also fuel the U.S. diesel genset market at a CAGR of 7.2% during 2020–2030. According to P&S Intelligence, the market value is expected to rise from $2,187.4 million in 2019 to $3,797.6 million by 2030. According to the U.S. Energy Information Administration (EIA), the instances of power outages in the country surged from 95 in 2017 to 127 in 2018.

In the coming years, the residential sector is expected to install diesel gensets at the fastest pace, owing to the vast requirement for prime backup and standalone power. Residential units, such as mobile homes, on-lease properties, and family houses, have been increasingly deploying such power generating systems, due to the surging instance of power outages and amplifying load on the grid system. Moreover, the low initial cost of diesel gensets and their high reliability will further augment their usage in residential facilities in the foreseeable future.

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The burgeoning need for backup and standalone power in the country is being met by Atlas Copco AB, Caterpillar Inc., Kohler Co., Cummins Inc., SouthWest Products Corporation, Generac Holdings Inc., and American Honda Motor Co. Inc. These players of the U.S. diesel genset market are currently engaging in product launches to reach out to more customers. For instance, in March 2020, Caterpillar Inc. introduced a new line of standby power solutions, named Cat GC diesel generator sets. This new series consists of eight new models with standby power ratings 250 kW–60 kW.

Thus, the booming number of data centers, expanding construction sector, and growing power outage instances in the U.S. will fuel the need for diesel gensets in the country in the forthcoming years.

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