United States (US) Generators Market to be Driven by

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New York, Feb. 17, 2022 (GLOBE NEWSWIRE) — According to statistics from the International Energy Agency (IEA), the electricity consumption in the United States has increased from 3717.9 TWh in 2001 to 4194.4 TWh in 2019. Moreover, the statistics also indicate that final electricity consumption across industries, residential, commercial and utilities in 2018 recorded 66451.0 ktoe, 125689.0 ktoe and 118002.0 ktoe respectively. Additionally, according to US Energy Information Administration (EIA) statistics, in 2021, 188,000 customers in and around Texas were affected due to a power outage lasting approximately 65 hours between 10and and 13and January 2021, caused by extreme weather conditions. In contrast, in Oklahoma, a similar incident affected 200,000 customers. The power outage lasted 30 hours and 28 minutes.

Research Nester recently published a report on “United States (US) Generators Marketwhich is segmented by electrical capacity, fuel type, application, end-use industry and region. The market is studied for the forecast period, i.e., 2018-2025 and covers a brief analysis of major players operating in the market along with major factors expected to drive the growth of the market in the coming years .

The demand for electricity in the United States is skyrocketing at lightning speed. This is due to the growth of economic activities in the country, especially in the construction industry and information and communication technologies. According to statistics from the United States Census Bureau, the seasonally adjusted annual rate of the value of construction put in place in the country increased from USD 805,159 million in July 2010 to USD 1,568,834 million in July 2021. In addition, the statistics also indicate that the Residential sector experienced a construction value growth of USD 250,519 million in July 2010, which increased to USD 772,963 million in July 2021.

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On the other hand, according to statistics from the US Department of Energy, about 3 million data centers are available in the United States, which are known to consume a significant amount of electrical energy. Rising electricity demand among these end users and rising concern over power outages is expected to increase the adoption of standby power sources, such as generators, and in turn, drive the generator market in the United States (USA). The market is estimated to generate revenue of USD 7216.5 million by the end of 2025 and will continue to grow with a CAGR of 4.0% over the forecast period. In 2020, the market recorded a turnover of 6021.6 million USD.

The United States (US) generator market is segmented on the basis of the state into Alaska, Hawaii, Washington, Oregon, California and the rest of the United States, whose market generated the second largest highest revenue of USD 1561.3 million in the year 2020, and further expected to generate the second highest market revenue of USD 1804.1 million by the end of 2025, growing with a CAGR of 3 .2% over the forecast period. Alternatively, the Alaska market is expected to grow with the highest CAGR of 5.7% during the forecast period and additionally generate USD 332 million in revenue by the end of 2025, compared to a turnover of 326.6 million USD in 2018.

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The United States (US) Generator Market is segmented 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 over 3500 KW. Among these segments, the 50-150 KW segment is expected to generate the largest revenue of USD 1024.7 million by the end of 2025, and continue to grow with a CAGR of 3.1% during the period. forecast. In California, the segment generated the highest market revenue of USD 316.3 million in 2018 and is expected to grow further with a CAGR of 2.3% during the forecast period. The 751-1000 KW segment, on the other hand, is expected to grow with the highest CAGR of 4.5% during the forecast period. Alternatively, in Alaska, the 151,250 KW segment is expected to grow with the second highest CAGR of 6.7% during the forecast period, while the 50-150 KW segment is expected to generate the largest revenue of 47.1 million USD by the end of 2025. .

“The final report will cover the impact analysis of COVID-19 on this industry.”

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The United States (US) generator market is also segmented by standby, main and continuous and peak shaving application. Among these segments, Watch segment is expected to generate the largest revenue of USD 6042.5 million by the end of 2025, and also grow with the highest CAGR of 4.2% during the forecast period. . In California, the segment recorded the highest revenue of $1724.1 million in 2018 and is expected to grow further with the highest CAGR of 3.5% during the forecast period. On the other hand, in Oregon, the standby segment is expected to grow with the highest CAGR of 5.2% during the forecast period.

The United States (US) generator market is further segmented by fuel type and end-use industry.

United States (US) Generators Market, Segmentation by Fuel Type

  • Diesel
  • Natural gas
  • Gasoline
  • Hybrid
    • Natural gas generator + battery
    • Natural gas generator + battery + solar PV
    • Propane + Battery + Solar PV (PBP)
    • Others
  • Others

United States (US) Generators Market, Segmentation by End-Use Industry

  • Residential
  • Commercial
    • Desks
    • retail establishment
    • Hospitality and entertainment
    • Data centers
    • Telecom
    • Cold stores
    • Others
  • Industrial
    • petroleum gas
    • Power stations
    • Manufacturing
    • Water treatment
    • Construction
    • Mining
    • Others
  • Health facilities
  • Agriculture and food processing
  • Infrastructure/Transportation
  • K-12 Retail
  • Higher Education & Research
  • Military
  • Municipality
  • Others

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Some of the major industry leaders in the United States (USA) generators 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.

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