The North America Diesel Generator is projected to grow at an astronomical rate during 2025 on account of rapid industrialization, burgeoning demand for reliable power supply, and the escalating number of power outages. Moreover, the growing number of tourist arrivals in the United States is anticipated to positively impact the hospitality sector. Therefore, the establishment of new hotels in the country would boost the demand for diesel generators in the forthcoming period due to their dominant usage attributed to the surging power outage in the North American countries, which is projected to strongly contribute to the growth of the North America Diesel Generator market.
According to MarkNtel Advisors’ research report titled “North America Diesel Generator Market Analysis, 2020”, the Diesel Generator market is projected to register a CAGR of around 6% during 2020-25. The diesel generators with 5 KVA to 75 KVA capacity captured a considerable market share in the North America Diesel Generator market in 2019. The construction of new residential units, hotels, hospitals, data centers, etc., is one of the major factors for the growth of the North America Diesel Generator market due to large-scale usage of these generators in these units. Moreover, the rising oil & gas exploration activities in the United States is expected to boost the demand for diesel generators since the major oil & gas drilling & production processes are operated in remote areas where less or no power utility is available. Hence, diesel generators are required for the proper operations in the oil & gas sector, thereby surging the growth of the North America Diesel Generator market.
Moreover, the industrial sector accounted for a significant market share in the North America Diesel Generator market in 2019 due to the burgeoning infrastructure development along with the increased focus of the government toward further boosting of the manufacturing sector.
According to MarkNtel Advisors, the major players capturing a substantial market share in the North America Diesel Generator market include Caterpillar, Cummins, Generac Power Systems, MTU Onsite Energy, Kohler, etc. These companies are launching new technology-based diesel generators, thereby gaining an advantage over its competitors.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on North America Diesel Generator Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold.
Q. What would be the growth rate or CAGR of North America Diesel Generator Market during 2020-25?
A. The growth rate of North America Diesel Generator Market during 2020-25 is forecast to be around 6%.
Q. Who are the key competitors or players operating in North America Diesel Generator Market?
A Caterpillar, Cummins, Generac Power Systems, MTU Onsite Energy, Kohler are few of the leading players in the North America Diesel Generator Market.
Q. Does the report scope cover North America Diesel Generator Market Power rating wise market statistics also?
A. Yes, the scope of the report encompass detailed power rating wise statistics such as market size, market segmentation based on various subcategories.
Q. Which capacity of generator would emerge as an opportunity area for players in North America Diesel Generator Market?
A. The diesel generators with capacities ranging from 5 KVA to 75 KVA grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of North America Diesel Generator Market.
Q. Which end-user would emerge as an opportunity area for players in North America Diesel Generator Market?
A. The Industrial sector will grabbed a significant market share due to the growing support by the government to boost the industrial sector and it will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of North America Diesel Generator Market.
