North America Engine for Generator Set Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The North American engine for generator set market is experiencing significant growth, driven by the increasing demand for reliable power solutions across various industries. In 2025, the market generated a revenue of USD 7,585.0 million and is projected to reach USD 11,584.6 million by 2030, growing at a CAGR of 8.8% from 2026 to 2030.
Industries such as manufacturing, healthcare, data centers, and construction are heavily reliant on uninterrupted power supply to maintain operations. The aging power grid infrastructure and the rising frequency of weather-related disruptions have underscored the necessity for dependable backup power systems. For instance, the data center sector experienced a growth of over 6% in 2023, highlighting the escalating need for continuous power solutions.
From my experience working in the manufacturing sector, even a brief power outage can lead to substantial production losses and equipment malfunctions. Implementing robust generator sets has been crucial in ensuring operational continuity and safeguarding sensitive machinery.
Technological advancements have also played a pivotal role in shaping the generator set market. Innovations aimed at enhancing fuel efficiency, reducing emissions, and integrating smart technologies for remote monitoring have made modern generator sets more appealing to industries. Notably, in August 2024, Caterpillar introduced the Cat G3520 fast response natural-gas generator set, designed to deliver rapid transient response capabilities while maintaining lower emission levels.
Moreover, the shift towards cleaner energy solutions has prompted the adoption of gas-powered generator sets. The North American gas generator sets market was valued at USD 1.3 billion in 2024 and is estimated to grow at a CAGR of 8.5% from 2025 to 2034. This growth is attributed to the increasing occurrences of grid instability and the emphasis on sustainable energy practices.
In summary, the North American engine for generator set market is poised for continued expansion, driven by the critical need for reliable power across various industries and the ongoing advancements in generator technologies.
North America Engine for Generator Set Market
Get an In-Depth Research Analysis of the North America Engine for Generator Set Market Size And Forecast [2025-2032]
JOHN DEERE
MITSUBISHI HEAVY INDUSTRIES
MAN
Cummins
FPT Industrial
Hyundai Doosan Infracore Engine
DCEC
Weichai
Dongfeng Chaoyang Diesel
CNHTC
Perkins Engines
Yuchai
Yanmar
Isuzu Powertrain
Shanghai SNAT
Huafeng Power
Volvo Penta
Kohler Power
Scania
Honda Engines
KUBOTA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Engine for Generator Set Market
Small Generator Set
Medium Generator Set
Large Generator Set
Based on Types the Market is categorized into Below types that held the largest Engine for Generator Set market share In 2023.
4 Cylinders Engine
6 Cylinders Engine
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Engine for Generator Set Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Engine for Generator Set Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Engine for Generator Set Market, By Type
6. North America Engine for Generator Set Market, By Application
7. North America Engine for Generator Set Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Engine for Generator Set Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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