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United States Diesel Generator Market Size, Share, Analysis: By Power Rating: Below 75 KVA, 75-375 KVA, 375-750 KVA, Above 750 KVA; By Application: Standby Backup Power, Prime Power, Peak Shaving Power; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
United States Diesel Generator Market Outlook
The United States diesel generator market size reached approximately USD 3.37 billion in 2023. The market is estimated to grow at a CAGR of 5.1% in the forecast period of 2024-2032, reaching a value of around USD 5.29 billion by 2032.
Key Trends in the Market
A diesel generator is a type of generator that uses a diesel engine to generate electricity and is commonly used as a backup power supply. This generator works on the mechanism of the conversion of chemical energy present inside the diesel fuel into mechanical energy.
- Growing demand for diesel generators in data centres as a reliable power backup system boosts the United States diesel generator market growth. As data centres require a constant power supply to prevent data loss and downtime, diesel generators can offer a seamless and cost-effective solution for their proper functioning.
- Increased integration of renewable energy with diesel generators in microgrids to promote sustainability is another crucial trend aiding the market expansion. Microgrids readily combine renewable energy with diesel power to offer an eco-friendly and economical solution as it can generate power from renewable sources and cut fuel costs. Furthermore, when renewable energy is not available, diesel generators can offer instant electricity and support the constant operation of a microgrid.
- The advent of smart technology such as IoT in diesel generators to optimise their performance is expected to support the United States diesel generator market demand. IoT-based monitoring systems offer real-time data on fuel consumption, temperature, and pressure, identification of any potential issues, and remote control of diesel generators for efficient generator management.
- Market players are increasingly launching new diesel generators to expand their product portfolio. For example, in December 2023, Cummins Inc., a US-based diesel generator company, announced the launch of C1760D5, C1875D5 and C2000D5B diesel generator models that offer high-power density.
United States Diesel Generator Market Segmentation
Based on power rating, the market is divided into below 75 KVA, 75-375 KVA, 375-750 KVA, and above 750 KVA. On the basis of application, the market is classified into standby backup power, prime power, and peak shaving power.
Based on end use, the market is categorised into residential, commercial, and industrial. The major regional markets of diesel generators in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States diesel generator market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Generac Power Systems, Inc.
- Cummins, Inc.
- Caterpillar Inc.
- Doosan Corp.
- Mitsubishi Heavy Industries Ltd.
- Yanmar Holdings Co., Ltd.
- Kubota Corp.
- Kohler Co.
- KAZANCI HOLDING
- Kirloskar Oil Engines Ltd.
- Others
Market Share by Power Rating
The above 750 KVA segment occupies a significant portion of the United States diesel generator market share, due to the high demand for diesel generators in this range for large-scale industrial operations. Diesel generators above power rating of 750 KVA can also offer power backup in remote areas or during major emergency events.
Meanwhile, generators with power ratings between 75-375 KVA are expected to witness steady growth in the coming years, due to their rising demand from the residential and commercial sectors as well as SMEs.
Market Share by End Use
As per the United States diesel generator market analysis, the industrial sector accounts for a substantial market share, due to the increased utilisation of diesel generators in power plants for their uninterrupted function. They are also used in agriculture, construction, mining, and pharmaceutical sectors for a reliable and steady power supply.
In the healthcare sector, these generators are extremely vital in providing a power supply for patients who require ventilation machines or oxygen pumps to survive. Additionally, they ensure continuous power supply in telecom towers to prevent signal outages in areas due to blackouts.
Competitive Landscape
Generac Power Systems, Inc., established in 1959, is a global leader in energy technology, headquartered in Wisconsin, the United States. The company offers home backup power, clean energy, mobile generators, and portable backup power solutions to its customers. Its power systems are easily available through dealers, retailers, and wholesalers.
Cummins, Inc., incorporated in 1919 and based in Indiana, the United States, is a multinational diesel generator and related components company. The company acquired Meritor, an electric powertrain company, in 2022 to establish itself as a global leader in electric power solutions. Some of its common products include controls, fuel systems, emission control, and electric power generation systems.
Caterpillar Inc., founded in 1925, is a multinational construction, mining, and engineering products and services company. Based in Texas, the United States, the company has a portfolio of 20 brands such as Anchor, Cat, Cat Rental Store, Perkins, SEM, and Turner Powertrain Systems, among others. Its product range includes diesel and natural gas engines, diesel electric locomotives, and industrial gas turbines, among others.
Other United States diesel generator market players include Doosan Corp., Mitsubishi Heavy Industries Ltd., Yanmar Holdings Co., Ltd., Kubota Corp., Kohler Co., KAZANCI HOLDING, and Kirloskar Oil Engines Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Power Rating |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Diesel Generator Market Overview
8.1 Key Industry Highlights
8.2 North America Diesel Generator Historical Market (2018-2023)
8.3 North America Diesel Generator Market Forecast (2024-2032)
8.4 North America Diesel Generator Market breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Diesel Generator Market Overview
9.1 Key Industry Highlights
9.2 United States Diesel Generator Historical Market (2018-2023)
9.3 United States Diesel Generator Market Forecast (2024-2032)
10 United States Diesel Generator Market by Power Rating
10.1 Below 75 KVA
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 75-375 KVA
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 375-750 KVA
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Above 750 KVA
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 United States Diesel Generator Market by Application
11.1 Standby Backup Power
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Prime Power
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Peak Shaving Power
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United States Diesel Generator Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Diesel Generator Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Generac Power Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cummins, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Caterpillar Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Doosan Corp.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Heavy Industries Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Yanmar Holdings Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Kubota Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Kohler Co.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 KAZANCI HOLDING
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Kirloskar Oil Engines Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Diesel Generator Market: Key Industry Highlights, 2018 and 2032
2. United States Diesel Generator Market: Key Industry Highlights, 2018 and 2032
3. United States Diesel Generator Historical Market: Breakup by Power Rating (USD Billion), 2018-2023
4. United States Diesel Generator Market Forecast: Breakup by Power Rating (USD Billion), 2024-2032
5. United States Diesel Generator Historical Market: Breakup by Application (USD Billion), 2018-2023
6. United States Diesel Generator Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. United States Diesel Generator Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. United States Diesel Generator Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. United States Diesel Generator Historical Market: Breakup by Region (USD Billion), 2018-2023
10. United States Diesel Generator Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. United States Diesel Generator Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.37 billion.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 5.29 billion by 2032.
The major market drivers are the growing demand for uninterrupted power, the rising usage of diesel generators in case of emergency, and industrial growth in the country.
The key trends of the market include growing demand for diesel generators in data centres, increased integration of renewable energy with diesel generators, the advent of smart technology such as IoT in diesel generators, and the launch of new diesel generators by market players to expand their product portfolio.
The major regions in the market are New England, the Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different power ratings are 75 KVA, 75-375 KVA, 375-750 KVA, and above 750 KVA.
The key players in the market are Generac Power Systems, Inc., Cummins, Inc., Caterpillar Inc., Doosan Corp., Mitsubishi Heavy Industries Ltd., Yanmar Holdings Co., Ltd., Kubota Corp., Kohler Co., KAZANCI HOLDING, and Kirloskar Oil Engines Ltd., among others.
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