United States (USA) Generator Sales Market Overview, 2028

United States (USA) Generator Sales Market Overview, 2028

The remarkable development in the technological advancements in generator technologies has led to growth in the market. The rapid-paced industrialization and urbanization activities have served the demand for constant electric supply, leading to power backups as a vital development element. The increasing utilization of generators coupled with the growing technologies has led to an increase in the demand for generators. Hybrid generators combine traditional generator sets with another controllable electric source like fuel cell to generate a fuel-efficient, noise reduced, and environment friendly of generators. An inverter generator uses advanced electronic circuits and high-tech magnets to invert the current type form input to output. Several manufacturers are adopting bi-fuel generators to address the carbon emissions and high operational costs. This factor is expected to create an opportunity for the players in the united market for generator sales. Furthermore, the United States Department of Energy, in April 2021, announced its support for President Biden's goal of net-zero carbon emissions by 2050. The increased consumer conscience and obligation towards sustainable development give rise to the growth in hybrid and bi-fuel generators. This growth is expected to create significant opportunities for this market in the United States. In addition, The US energy information administration, US energy production and consumption grew by nearly 6 % in 2019. This has led the United States to quickly invest in the exploration and production of natural gas and crude oil from onshore and offshore location. The utilization of generators as a power source in oilfield and mining activities for all operation makes it a vital component in the sector. The growing energy production in the country is indirectly affecting the growth of the market in the country.

According to the research report ""USA Generator Sales Market Overview, 2028,"" published by Bonafide Research, the USA Generator Sales Market is expected to reach size of more than USD 6.7 Billion by 2028. The exponential increase in the power demand and the building of new power generation, transmission and distribution station to serve the growing needs are projected to drive the market pace. Additionally, mounting expenditure in construction, manufacturing sector, mining, commercial and many other end-user sectors has led various public and private authorities to increase their efforts to meet consumer demand during peak hours. Furthermore, faults in transmission and distribution lines, weather problems, and other factors affect the power supply across the US. Regulatory bodies and adopting measures to reduce the power cut duration to enable continual operation. Unexpected power outages have significantly increased consumers demand for reliable backup power sources in residential and commercial sector propelling the market growth in the US. The United States has experienced several extreme weather events in recent years, such as hurricanes, winter storms, and wildfires. These events have led to power outages, which have increased the demand for generators.

The EPA regulates the emissions of generators under the Clean Air Act. Generators must meet specific emission standards set by the EPA, depending on their size and use. The EPA also requires manufacturers to label their generators with information about emissions and other important specifications. Furthermore, The CPSC is responsible for regulating the safety of consumer products, including generators. Generators must meet specific safety standards set by the CPSC, including requirements for grounding, overloading, and protection against carbon monoxide. Some states and local jurisdictions may have additional rules and regulations governing the sale of generators. For example, in California, generators must meet additional emissions standards, and sellers must provide certain disclosures to consumers.

Based on fuel type, the market is segmented into Diesel, Gas, Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas). In the USA generator sales market the diesel fuel is dominating the market with highest market share. Diesel generators are known for their robust construction and durability. They are designed to withstand heavy-duty usage and provide reliable power output over extended periods. This makes them suitable for applications where a constant and uninterrupted power supply is critical, such as backup power for hospitals, data centers, or industrial facilities. Diesel generators are capable of producing high power outputs, making them suitable for both residential and commercial applications. They can handle heavy loads and provide sufficient power to run essential equipment and appliances during power outages. In addition, Diesel engines generally have a longer lifespan compared to gasoline engines. They are built to withstand higher compression ratios and operate under heavy loads, which can contribute to their longevity and lower maintenance costs over time. Based on the application includes the Standby, Prime & Continuous and Peak Shaving. In the upcoming future the prime and continuous application is expected to grow with highest CAGR of the market. With the growing reliance on electricity in various industries, there is a greater need for a continuous and uninterrupted power supply. Prime and continuous generators are designed to provide reliable power for extended periods, making them suitable for applications where a constant power source is crucial, such as data centers, manufacturing facilities, healthcare institutions, and commercial buildings.

Based on the by end users consider in this report, includes the Industrial, Commercial and Residential. The industrial sector is dominating the market of generator sales in United States. Industrial facilities often have high power demands due to the large-scale machinery, equipment, and operations involved. Generators with high power output capabilities are required to meet these heavy loads and ensure smooth functioning of industrial processes. Industries often have critical power requirements that cannot afford interruptions or downtime. Production processes, machinery, and equipment in industrial settings are often sensitive to power fluctuations or outages. Generators provide a reliable backup power source to ensure uninterrupted operations and prevent costly disruptions. Based on power ratings, the market is divided into 100 kVA, 100–350 kVA, 350–1,000 kVA, 1,000–2,500 kVA, 2,500–5,000 kVA and Above 5,000 kVA. The below 100 kVA is leading the market in United States. In the upcoming time frame the 350–1,000 kVA is expected to grow with highest CAGR of the market.

Considered in this report
• Geography: USA
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• USA Generator Sales market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Fuel Type
• Diesel
• Gas
• Others (LPG, biofuel, coal gas, producer gas, gasoline, and propane gas)

By Application
• Standby
• Prime & Continuous
• Peak Shaving

By End User
• Industrial
• Commercial
• Residential

By Power Ratings
• Below 100 kVA
• 100–350 kVA
• 350–1,000 kVA
• 1,000–2,500 kVA
• 2,500–5,000 kVA
• Above 5,000 kVA

By Sales Channels
• Indirect
• Direct

By Design
• Stationary
• Portable

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.