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NEW YORK , May 18, 2022 /PRNewswire/ -- 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.

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Key Findings of U.S. Diesel Genset Market Report

Browse detailed report on United States Diesel Genset Market Size, Growth Challenges, Opportunities And Forthcoming Developments 2030

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.

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