North America Gas Generator Sets Market Size - By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Residential, Commercial, Industrial), Power Rating & Forecast, 2023 - 2032

North America Gas Generator Sets Market Size - By Application (Standby, Peak Shaving, Prime/Continuous), By End Use (Residential, Commercial, Industrial), Power Rating & Forecast, 2023 - 2032

North America Gas Generator Sets Market size is poised to expand at over 8.5% CAGR from 2023-2032 driven by the influx of multiple government incentives. Supportive policies at various levels are encouraging businesses to invest in gas generator sets for efficient and cleaner power generation. Most incentives align with sustainability goals and drive businesses to choose gas generators, further emphasizing their role in the overall energy infrastructure in the region. Several governments worldwide are also promoting the adoption of gas generators to enhance energy resilience, reduce emissions, and ensure reliable power supply, especially during grid disruptions.

Moreover, the continuous innovations in gas generator set technologies to render enhanced efficiency, performance, and fuel flexibility will accelerate the industry expansion. For instance, in February 2023, Cummins Inc. announced the availability of 175kW and 200kW natural gas standby generators for North American consumers.

The North America gas generator sets industry is segmented into power rating, end-use, application, and country.

Based on power rating, the market share will experience notable growth from the >750 kVA power rating segment through 2032. Large-scale gas generator sets in this power range cater to the heightened electricity demands of several industries and critical infrastructure. Additionally, driven by robust performance, fuel efficiency, and adherence to stringent emissions standards, >750 kVA gas generator sets find increasing application across data centers, manufacturing plants, and utility services.

In terms of end use, the North America gas generator sets market from the industrial segment is likely to generate considerable revenue by the end of 2032 owing to rising demand in manufacturing, oil & gas, and mining. Gas generator sets provide a reliable and efficient power solution for industrial applications for ensuring continuous operations and cost-effective electricity generation. Several industries are also benefiting from the versatility and lower emissions offered by gas generators to match the rising sustainability goals.

With respect to country, Canada gas generator sets industry is set to exhibit robust growth through 2032. The diverse industrial landscape of the country, comprising the mining, forestry, and energy sectors is surging the demand for reliable power solutions. Additionally, the Canadian government is committed to sustainable practices, further boosting the adoption of gas generators to render lower emissions and fuel efficiency. The strategic approach to ensuring uninterrupted power supply in various industries will further support the overall industry growth.