North America Commercial Gensets Market Size - By Fuel (Diesel, Gas, Hybrid), By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Telecom, Healthcare, Data Centers, Hospitality, Real Estate, Infrastructure), Power Rating & Forecast, 2023

North America Commercial Gensets Market Size - By Fuel (Diesel, Gas, Hybrid), By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Telecom, Healthcare, Data Centers, Hospitality, Real Estate, Infrastructure), Power Rating & Forecast, 2023 - 2032

North America commercial gensets market is predicted to record more than 6.5% CAGR from 2023 to 2032 owing to the rising frequency of power outages, driven by extreme weather events and an aging power infrastructure. According to the North American Electric Reliability Corp., in 2023, more than half of the U.S. and Canada could face power shortages during the extreme winter season due to the lack of natural gas infrastructure.

Businesses across sectors are increasingly recognizing the vitality of continuous power supply to maintain operations and protect against financial losses. The expanding data center industry, coupled with the increasing adoption of smart technologies, is further accentuating the need for reliable backup power solutions, furthering the industry growth.

North America commercial gensets market is classified based on fuel, application, end-use, power rating, and region.

The gas fuel type segment is anticipated to witness substantial growth through 2032. The shift towards cleaner and more sustainable energy solutions is driving the adoption of gas-powered gensets. Natural gas, in particular, is gaining popularity due to its lower emissions profile and cost-effectiveness. As environmental regulations tighten, businesses are actively seeking power generation solutions that align with the sustainability goals, positioning gas-powered gensets as a pivotal component of the evolving energy landscape in North America.

The peak shaving segment will observe strong demand for commercial gensets through 2032 as industries focus on optimizing their energy consumption. Gensets used for peak shaving help in managing energy demand during peak periods, ensuring efficient utilization of power resources. This approach not only enhances grid stability but also offers cost savings by reducing peak-demand charges. As businesses strive for greater energy efficiency and cost-effectiveness, the peak shaving application segment is poised for continued growth.

Canada commercial gensets industry is expected to generate massive revenues by 2032. The country's diverse and expansive geography, coupled with extreme weather conditions, necessitates reliable power solutions. As industries in Canada seek to fortify their resilience against power disruptions, the demand for commercial gensets is on the rise. The government's initiatives to modernize and upgrade critical infrastructure further contribute to the market growth in this region.