U.S. Standby Generator Sets Market Size - By Power Rating (≤ 50 kVA, > 50 kVA - 150 kVA, > 150 kVA - 300 kVA, > 300 kVA - 500 kVA, > 500 kVA), By Fuel (Diesel, Gas), By Application (Residential, Commercial, Industrial), & Forecast, 2023 - 2032

U.S. Standby Generator Sets Market Size - By Power Rating (≤ 50 kVA, > 50 kVA - 150 kVA, > 150 kVA - 300 kVA, > 300 kVA - 500 kVA, > 500 kVA), By Fuel (Diesel, Gas), By Application (Residential, Commercial, Industrial), & Forecast, 2023 - 2032

U.S. standby generator sets market size is expected to record 7.3% CAGR from 2023 to 2032. The rising frequency and severity of weather-related disruptions, such as hurricanes and wildfires, have highlighted the critical need for dependable backup power sources. Also, the growing reliance on digital technologies in various industries, including healthcare and data centers, necessitates uninterrupted power supply, further fueling market growth.

The aging power infrastructure in various regions across the U.S. has spurred businesses and homeowners to invest in standby generator sets to safeguard against power outages. According to the fact sheet introduced by the White House, most of the electrical grids in the U.S. were built in between 1960 and 1970. Currently, more than 70% of the U.S. electricity grids are over 25 years old. These factors are fueling the industry growth.

U.S. standby generator sets market is divided based on power rating, fuel, application, and region.

The > 50 kVA - 150 kVA segment is predicted to witness substantial growth through 2032. These generator sets cater to medium-sized applications, making them ideal for a wide range of commercial and industrial uses. With businesses increasingly recognizing the importance of sustaining operations during power disruptions, the demand for generator sets in this power rating range has surged. These generators offer a balanced combination of power and efficiency, making them a preferred choice for businesses across various sectors.

The gas fuel segment is expected to gain significant traction from 2023 to 2032 due to the environmental benefits and cost-efficiency associated with gas-powered generators. Natural gas and propane offer cleaner-burning alternatives compared to diesel, which not only align with sustainability goals but also reduce operational costs over time. As sustainability gains prominence, businesses and homeowners will opt for gas-fueled standby generator sets as a responsible choice.

The commercial segment of the U.S. standby generator sets industry is anticipated to generate notable revenues by 2032. Businesses of all sizes are recognizing the critical need for reliable power supply to maintain uninterrupted operations. Whether it's ensuring continuous manufacturing processes, supporting healthcare facilities, or safeguarding data centers, standby generator sets have become essential assets. In the face of increasing power demands and the imperative of business continuity, the commercial segment continues to invest significantly in standby generator sets, contributing to the market expansion.