iCrowd Newswire – Jul 22, 2020
The U.S. diesel genset market is expected to witness a CAGR of 7.1% between 2020 and 2030, owing to the increase in the number of data centers. At this rate, the revenue generated from the sale of diesel generator (DG) sets would rise from $2,187.4 million in 2019 to $3,797.6 million by 2030. In the country, the volume of the digital data being created, stored, and used is increasing, which is leading to a high need for efficient storage spaces, in the form of data centers.
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The objective of this research includes;
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the U.S. Diesel Genset Market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various genomics market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings
- Recent strategic developments by the major players in the genomics market
This is positively impacting the U.S. diesel genset market, as data centers are part of critical infrastructure, which have complex and expensive servers, routers, network gateways, and other information technology (IT) components. Owing to their sensitive nature, they are not able to withstand power cuts, which makes the continuous supply of electricity necessary. Therefore, the rising number of data centers, especially in Chicago, Atlanta, New York Tri-State, Dallas, Phoenix, Virginia, and Silicon Valley, is raising the installation rate of DG sets.
The backup power bifurcation, on the basis of power requirement, dominated the U.S. diesel genset market during 2014–2019, owing to the high requirement for a backup-power generation source in retail stores, residential units, healthcare facilities, large commercial buildings, hotels and restaurants, and manufacturing plants. Due to the easy availability and cost-effectiveness of such systems, they are being rapidly installed to deal with power cuts.
Companies Launching Advanced Gensets for Maximum Profit
In order to gain as much revenue as possible, companies functional in the U.S. diesel genset market are regularly launching advanced products, which:
- Offer power in the range of 250 kilowatts (kW) to 600 kW
- Are designed for gasoline-engine marine vessels and compliant with U.S. EPA Tier 3 emission standards
- Are more cost-effective and reliable than previously launched models
- Feature Tier 4 Final emission standard-compliant engines
- Are equipped with sealed sound attenuation and silent cooling fans, for low-noise operations
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The major players in the U.S. diesel genset market are General Electric Company, Caterpillar Inc., Denyo Co. Ltd., Cummins Inc., American Honda Motor Co. Inc., Southwest Products Corporation, Atlas Copco AB, AB Volvo, Generac Holdings Inc., and Kohler Co.
The research includes detailed analysis of;
Based on Power Requirement
- Prime Power
- Backup Power
Based on Mobility
Based on Power Rating
- 5 kVA–75 kVA
- 76 kVA–375 kVA
- 376 kVA–750 kVA
- Above 750 kVA
Based on Application
- By user
- Retail establishments
- Commercial offices
- Telecom towers
- By user
- By user
- Oil and gas
- By user
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Keywords: U.S. Diesel Genset Market, U.S. Diesel Genset Market Growth, U.S. Diesel Genset Market Size, U.S. Diesel Genset Market Share