Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The "United States Data Center Genset Market, By Region, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
United States Data Center Genset Market was valued at USD 3.12 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.94% through 2029.
The market for data center gensets in the United States is anticipated to rise significantly due to several key factors. First, the rapid expansion of data centers driven by the growing demand for cloud computing, big data, and digital services necessitates reliable power backup solutions to maintain operational continuity and protect against data loss or service disruptions.
As data centers become more integral to various industries, the need for high-capacity and efficient gensets increases. Second, increasing awareness of the potential risks associated with power outages, including financial losses and operational downtime, is prompting data center operators to invest in robust genset solutions that ensure continuous power supply.
Additionally, advancements in genset technologies, such as improved fuel efficiency, reduced emissions, and enhanced performance, are making these systems more attractive to data center operators. Government regulations and standards aimed at reducing environmental impact and promoting energy efficiency also drive the adoption of advanced genset solutions.
Furthermore, the rise in natural disasters and extreme weather events underscores the importance of having reliable backup power sources. As data centers continue to grow in size and complexity, and as the reliance on digital infrastructure intensifies, the demand for data center gensets in the United States is expected to increase, driven by the need for dependable and efficient power solutions to support the ever-expanding digital landscape.
In 2023, Western United States dominated the United States data center generator set market and is expected to sustain its leading position throughout the forecast period. This dominance is attributed to the region's robust technological infrastructure and the presence of major technology hubs and data center clusters, particularly in cities like San Francisco, Los Angeles, and Seattle. The West United States is a significant hub for information technology companies, cloud service providers, and digital enterprises, all of which drive substantial demand for data center facilities and, consequently, for reliable backup power solutions.
The region's favorable business environment, technological innovation, and investment in data center infrastructure further bolster its position in the market. Additionally, the West United States is experiencing a rapid expansion of data center operations to accommodate growing data consumption and technological advancements, reinforcing the need for high-performance generator sets. The continuous development of data centers and the increasing focus on enhancing operational resilience and power reliability contribute to the sustained demand for generator sets in this region.
While other regions such as the South United States, Midwest United States, and North-East United States also contribute to the market, the West United States' concentration of technology-driven enterprises and significant data center investments ensure its dominance and ongoing growth in the data center generator set market.
Key Market Drivers
- Growing Demand for Data Centers
- Stringent Regulatory and Compliance Requirements
- Technological Advancements in Generator Sets
Key Market Challenges
- High Initial Capital and Maintenance Costs
- Environmental and Regulatory Compliance
Key Market Trends
- Increasing Adoption of Sustainable and Hybrid Generator Technologies
- Enhanced Remote Monitoring and Automation Capabilities
- Focus on Enhanced Reliability and Resilience
Report Scope
In this report, the United States Data Center Genset Market has been segmented into the following categories, in addition to the industry trends which have also been detailed, below:
United States Data Center Genset Market, By Type:
- Diesel Generators
- Gas Generators
- Hybrid Generators
United States Data Center Genset Market, By Power Rating:
- Up to 500 kVA
- 501 kVA to 1000 kVA
- Above 1000 kVA
United States Data Center Genset Market, By End-user:
- Colocation Data Centers
- Enterprise Data Centers
- Cloud Service Providers
United States Data Center Genset Market, By Region:
- South US
- Midwest US
- North-East US
- West US
Key Attributes
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2023-2029 |
| Estimated Market Value (USD) in 2023 | $3.12 Billion |
| Forecasted Market Value (USD) by 2029 | $4.98 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes, but is not limited to:
- Caterpillar Inc.
- Cummins Inc.
- General Electric Company
- KOHLER Co.
- Rolls-Royce Holdings plc
- Atlas Copco Group
- Himoinsa SL
- Doosan Bobcat Inc.
- PR Industrial S.r.l unipersonale
- Wartsila Corporation
For more information about this report visit https://www.researchandmarkets.com/r/qth54r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
