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U.S. Diesel Genset Market Research Report: By Power Rating, by Application - Competitive Analysis and Growth Forecast to 2024

  • ID: 4804032
  • Report
  • Region: United States
  • 106 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • AB Volvo
  • Atlas Copco AB
  • Caterpillar Inc.
  • Cummins Inc.
  • Denyo Co. Ltd.
  • Generac Holdings Inc.
  • MORE
The U.S. diesel genset market is predicted to attain a size of $3,005.5 million by 2024, progressing at a 6.2% CAGR during the forecast period. The key factor behind the growth of the market is the increasing demand for diesel gensets for meeting the need for standalone and backup power in industries, residential buildings, construction sites, retail stores, hospitals, office spaces, and hotels. The continuous instances of power outage in the U.S. because of aging grid infrastructure are leading to the high adoption of backup power sources.

Backup power sources include photovoltaic (PV) power systems and diesel or gas gensets, among which diesel gensets are being rapidly adopted due to their high reliability and low initial capital cost. Commercial offices and manufacturing plants are some of the end users in the U.S. diesel genset market. The sale of diesel gensets is predicted to surge during the forecast period owing to their growing installation rate in educational institutions, commercial offices, and residential buildings. On the basis of power rating, the market is categorized into 5-75 kVA, 76-375 kVA, 376-750 kVA, and above 750 kVA.

Out of these, during the historical period, the 5-75 KVA category led the market in terms of sales volume, which is attributed to the heavy requirement for these gensets in commercial complexes, residential buildings, hotels, and other areas with low power consumption. Further, based on application, the U.S. diesel genset market is classified into industrial, commercial, and residential. Among these, in 2018, the commercial classification held the largest sales volume share of more than 55.0% in the market. This can be attributed to the significant demand for high-power gensets in data centers and commercial buildings for prime and backup power supply.

As per the 2018 North America Construction Forecast Report, during 2017-18, the construction in the U.S.’s non-residential and residential sectors grew by 4.0% and 6.0%, respectively. Thus, the expanding construction sector is predicted to boost the sale of diesel gensets during the forecast period, thereby resulting in the growth of the diesel genset market in the U.S. Further, in the commercial office application, data centers are being witnessed as the largest revenue contributor in the market.

As per a report published by CBRE Data Center Solutions in 2018, the emergence of new technologies, including internet of things, artificial intelligence, edge computing, and cloud computing, is accelerating the development of hyperscale data centers, which are integrated with thousands of servers, and thus need a smooth electricity supply for efficient operations. Thus, the demand for uninterrupted electricity supply in data centers is projected to surge the diesel genset sales, which is further predicted to augment the U.S. diesel genset market prosperity during the forecast period.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • AB Volvo
  • Atlas Copco AB
  • Caterpillar Inc.
  • Cummins Inc.
  • Denyo Co. Ltd.
  • Generac Holdings Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Power Rating
1.3.2 Market Segmentation by Application
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.3.4.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Power Rating
4.1.1.1 5 kVA–75 kVA
4.1.1.2 76 kVA–375 kVA
4.1.1.3 376 kVA–750 kVA
4.1.1.4 Above 750 kVA
4.1.2 By Application
4.1.2.1 Commercial
4.1.2.1.1 Retail establishments
4.1.2.1.2 Commercial offices
4.1.2.1.3 Telecom towers
4.1.2.1.4 Hospitals
4.1.2.1.5 Hotels
4.1.2.1.6 Others
4.1.2.2 Industrial
4.1.2.2.1 Manufacturing
4.1.2.2.2 Energy and power
4.1.2.2.3 Others
4.1.2.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Launch of advanced diesel gensets
4.3.2 Drivers
4.3.2.1 Increase in the number of data centers
4.3.2.2 Instances of power outage and the need for continuous power supply for certain operations
4.3.2.3 Growth in construction industry
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Adoption of alternative power sources
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunity
4.3.4.1 Growth in the mining industry
4.4 Regulation Analysis
4.4.1 Emission Standards and Related Requirements for Steady-State Testing of Engines
4.4.1.1 Optional standards for diesel gensets below 8 kW
4.4.1.2 Regulations for gensets covered under the primary family emission limit (FEL) caps
4.4.2 General Conditions
4.5 Import–Export Analysis
4.6 Porter’s Five Forces Analysis
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Intensity of Rivalry
4.6.4 Threat of New Entrants
4.6.5 Threat of Substitutes

Chapter 5. U.S. Market Size and Forecast
5.1 By Power Rating
5.2 By Application
5.2.1 Commercial Application, By User
5.2.2 Industrial Application, By User

Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 Product Mapping of U.S. Diesel Genset Market Players
6.3.1 Product Offerings of Major Market Players
6.3.2 Product Offerings of Other Market Players
6.4 Strategic Developments of Key Players
6.4.1 Mergers and Acquisitions
6.4.2 Product Launches
6.4.3 Partnerships
6.4.4 Facility Expansions
6.4.5 Client Wins

Chapter 7. Company Profile
7.1 Caterpillar Inc.
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.2 General Electric Company
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Key Financial Summary
7.3 Cummins Inc.
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.4 Denyo Co. Ltd.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.4.3 Key Financial Summary
7.5 Southwest Products Corporation
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 American Honda Motor Co. Inc.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 AB Volvo
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.7.3 Key Financial Summary
7.8 Atlas Copco AB
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Key Financial Summary
7.9 Generac Holdings Inc.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Key Financial Summary
7.1 Kohler Co.
7.10.1 Business Overview
7.10.2 Product and Service Offerings

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 EMISSION LIMITS FOR 19 KW–560 KW ENGINES KW
TABLE 5 EMISSION LIMITS FOR ENGINES LESS THAN 19 KW
TABLE 6 TIER 4 FEL CAP FOR ENGINES (FOR MODELS AFTER 2014)
TABLE 7 CONSOLIDATED DATA OF IMPORTS OF DIESEL GENSETS IN THE U.S., $M
TABLE 8 CONSOLIDATED DATA OF EXPORTS OF DIESEL GENSETS FROM THE U.S., $M
TABLE 9 U.S. DIESEL GENSET MARKET, BY POWER RATING, THOUSAND UNITS (2014–2018)
TABLE 10 U.S. DIESEL GENSET MARKET, BY POWER RATING, THOUSAND UNITS (2019–2024)
TABLE 11 U.S. DIESEL GENSET MARKET, BY POWER RATING, $M (2014–2018)
TABLE 12 U.S. DIESEL GENSET MARKET, BY POWER RATING, $M (2019–2024)
TABLE 13 U.S. DIESEL GENSET MARKET, BY APPLICATION, THOUSAND UNITS (2014–2018)
TABLE 14 U.S. DIESEL GENSET MARKET, BY APPLICATION, THOUSAND UNITS (2019–2024)
TABLE 15 U.S. DIESEL GENSET MARKET, BY APPLICATION, $M (2014–2018)
TABLE 16 U.S. DIESEL GENSET MARKET, BY APPLICATION, $M (2019–2024)
TABLE 17 U.S. DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, THOUSAND UNITS (2014–2018)
TABLE 18 U.S. DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, THOUSAND UNITS (2019–2024)
TABLE 19 U.S. DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2014–2018)
TABLE 20 U.S. DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, $M (2019–2024)
TABLE 21 U.S. DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, THOUSAND UNITS (2014–2018)
TABLE 22 U.S. DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, THOUSAND UNITS (2019–2024)
TABLE 23 U.S. DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2014–2018)
TABLE 24 U.S. DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, $M (2019–2024)
TABLE 25 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 26 DIESEL GENSETS OFFERED BY MAJOR MARKET PLAYERS
TABLE 27 DIESEL GENSETS OFFERED BY OTHER MARKET PLAYERS
TABLE 28 CATERPILLAR INC. - AT A GLANCE
TABLE 29 CATERPILLAR INC. - KEY FINANCIAL SUMMARY
TABLE 30 GENERAL ELECTRIC COMPANY - AT A GLANCE
TABLE 31 GENERAL ELECTRIC COMPANY - KEY FINANCIAL SUMMARY
TABLE 32 CUMMINS INC. - AT A GLANCE
TABLE 33 CUMMINS INC. - KEY FINANCIAL SUMMARY
TABLE 34 DENYO CO. LTD. - AT A GLANCE
TABLE 35 DENYO CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 36 SOUTHWEST PRODUCTS CORPORATION - AT A GLANCE
TABLE 37 AMERICAN HONDA MOTOR CO. INC. - AT A GLANCE
TABLE 38 AB VOLVO - AT A GLANCE
TABLE 39 AB VOLVO - KEY FINANCIAL SUMMARY
TABLE 40 ATLAS COPCO AB - AT A GLANCE
TABLE 41 ATLAS COPCO AB - KEY FINANCIAL SUMMARY
TABLE 42 GENERAC HOLDINGS INC. - AT A GLANCE
TABLE 43 GENERAC HOLDINGS INC. - KEY FINANCIAL SUMMARY
TABLE 44 KOHLER CO. - AT A GLANCE
List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 SPLIT OF PRIMARY RESEARCH AND SECONDERY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 6 DATA TRIANGULATION APPROACH
FIG 7 U.S. DIESEL GENSET MARKET SUMMARY
FIG 8 GROWTH OF PRIMARY DATA CENTER MARKET (2015–2018)
FIG 9 BUDGET FOR INFRASTRUCTURE FOR REBUILDING AMERICA (INFRA), $M (2016–2020)
FIG 10 PORTER’S FIVE FORCES ANALYSIS
FIG 11 BARGAINING POWER OF BUYERS
FIG 12 BARGAINING POWER OF SUPPLIERS
FIG 13 INTENSITY OF RIVALRY
FIG 14 THREAT OF NEW ENTRANTS
FIG 15 THREAT OF SUBSTITUTES
FIG 16 U.S. DIESEL GENSET MARKET SNAPSHOT
FIG 17 U.S. DIESEL GENSET MARKET, BY POWER RATING, THOUSAND UNITS (2014–2024)
FIG 18 U.S. DIESEL GENSET MARKET, BY APPLICATION, THOUSAND UNITS (2014–2024)
FIG 19 U.S. DIESEL GENSET MARKET FOR COMMERCIAL APPLICATION, BY USER, THOUSAND UNITS (2014–2024)
FIG 20 U.S. DIESEL GENSET MARKET FOR INDUSTRIAL APPLICATION, BY USER, THOUSAND UNITS (2014–2024)
FIG 21 U.S. DIESEL GENSET MARKET SHARE OF KEY PLAYERS (2018)
FIG 22 CATERPILLAR INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 23 GENERAL ELECTRIC COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 24 CUMMINS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 25 DENYO CO. LTD. - REVENUE SPLIT BY PRODUCT AND GEOGRAPHY (2018)
FIG 26 AB VOLVO - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 27 ATLAS COPCO AB - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 28 GENERAC HOLDINGS INC. - REVENUE SPLIT BY PRODUCT CATEGORY AND SEGMENT (2018)
Note: Product cover images may vary from those shown
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  • Caterpillar Inc.
  • General Electric Company
  • Cummins Inc.
  • Denyo Co. Ltd.
  • Southwest Products Corporation
  • American Honda Motor Co. Inc.
  • AB Volvo
  • Atlas Copco AB
  • Generac Holdings Inc.
  • Kohler Co.
Note: Product cover images may vary from those shown
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