Generators are used as an alternative source for generating electricity, especially when the load is not connected to the power grid or when there is a power outage. Generators generate electricity by converting mechanical energy into electrical energy. The United States (U.S.) generator market is anticipated to grow with a CAGR of 4.0% over the forecast period, i.e., 2021 - 2025. Factors such as the surge in the demand for electricity in several states in the United States, followed by the growing economic activities in the country, are anticipated to drive the market growth during the forecast period. Moreover, factors such as the growing concern for power outages in the country, which is raising the need for the adoption of standby power sources, is also anticipated to create numerous opportunities for market growth in the coming years. The market is estimated to garner a revenue of near to USD 7210 Million by the end of 2025, up from a revenue of about USD 6020 Million in the year 2020.
The United States (U.S.) generator market is segmented by numerous segments, which include segmentation by power capacity, fuel type, application, end-use industry, and by region. On the basis of end-use industry, the market is segmented into residential, commercial, industrial, healthcare facilities, agriculture & food processing, infrastructure/transportation, retail K-12 education, higher education & research, military, municipality, and others. Amongst these segments, in the year 2018, the residential segment generated the largest revenue and attain the highest market share. The segment is further expected to generate revenue of over USD 1270 Million by the end of 2025.
On the basis of state, the United States (U.S.) generator market is segmented into Alaska, Hawaii, Washington, Oregon, California, and the Rest of U.S. Out of the market in these states, the market in California is expected to garner the second-largest market revenue of around USD 1800 Million by the end of 2025, up from a revenue of over USD 1560 Million in the year 2020.
Some of the prominent industry leaders in the United States (U.S.) generator market that are included in our report are Cummins Inc., AKSA POWER GENERATION, DEUTZ AG, Siemens AG, Caterpillar Inc., Briggs & Stratton, LLC, Generac Power Systems, Inc., Rolls-Royce plc, Kohler Co., Mitsubishi Heavy Industries, Ltd., Taylor Power Systems, Inc., Gillette Generators, WINCO, Multiquip Inc., and others.
The United States (U.S.) generator market is segmented by numerous segments, which include segmentation by power capacity, fuel type, application, end-use industry, and by region. On the basis of end-use industry, the market is segmented into residential, commercial, industrial, healthcare facilities, agriculture & food processing, infrastructure/transportation, retail K-12 education, higher education & research, military, municipality, and others. Amongst these segments, in the year 2018, the residential segment generated the largest revenue and attain the highest market share. The segment is further expected to generate revenue of over USD 1270 Million by the end of 2025.
On the basis of state, the United States (U.S.) generator market is segmented into Alaska, Hawaii, Washington, Oregon, California, and the Rest of U.S. Out of the market in these states, the market in California is expected to garner the second-largest market revenue of around USD 1800 Million by the end of 2025, up from a revenue of over USD 1560 Million in the year 2020.
Some of the prominent industry leaders in the United States (U.S.) generator market that are included in our report are Cummins Inc., AKSA POWER GENERATION, DEUTZ AG, Siemens AG, Caterpillar Inc., Briggs & Stratton, LLC, Generac Power Systems, Inc., Rolls-Royce plc, Kohler Co., Mitsubishi Heavy Industries, Ltd., Taylor Power Systems, Inc., Gillette Generators, WINCO, Multiquip Inc., and others.
Table of Contents
1. Market Definition
3. Research Methodology
7. Trade Outlook
8. Analysis of Market Dynamics
12. Impact of COVID-19 on the US Generator Market
17. Competitive Landscape
18. US Generator Market 2018-2025
19. US Generator Market Segmentation Analysis, 2018-2025
22. States, 2018-2025F (USD Million)
23. Alaska Generator Market
24. Segmentation Analysis, 2018-2025
25. Hawaii Generator Market
26. Washington Generator Market
27. Oregon Generator Market
28. California Generator Market
29. Rest of the US Generator Market
Companies Mentioned
- Cummins Inc.
- AKSA POWER GENERATION
- DEUTZ AG
- Siemens AG
- Caterpillar Inc.
- Briggs & Stratton LLC
- Generac Power Systems Inc.
- Rolls-Royce plc
- Kohler Co.
- Mitsubishi Heavy Industries Ltd.
- Taylor Power Systems Inc.
- Gillette Generators
- WINCO
- Multiquip Inc.
