Market Size of North America Diesel Generator Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Diesel Generators Market Analysis
The North American diesel generator market is expected to register a CAGR of more than 3% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- In the long run, the market is likely to be driven by things like a growing need for constant power and more power outages in the region caused by natural disasters.
- On the other hand, the move toward cleaner energy sources is a major thing that slows the growth of the market.
- Nevertheless, with the increasing deployment of data centers in the region with the Internet of Things' (IoT) adoption, the demand for diesel generator sets is expected to create enormous opportunities for diesel generator deployment.
- The United States is expected to lead the generator sets market in the North American region due to the increasing number of infrastructure projects and rising number of power outages in the country.
