Generators sets are devices that turn burning fuel into electricity. To create power, these devices combine an engine with an electric generator. All associated oil and gas operations, such as drilling, pumping, and loading, can have a constant source of electricity from generators. Generator sets make it possible to have a power source when there is no electrical infrastructure. As a result, they remove roadblocks to project execution and aid in the development of isolated or underdeveloped areas. There are many variations of generators mainly divided into AC & DC generators. The global generator sets market is expected to grow due to the ongoing rapid industrialization and development of residential and commercial field. Furthermore, the growing development of new public safety structures is also expected to increase energy requirements across multiple verticals, driving the demand for continuous and backup power products.

The Rise of Generator Sets:

Increasing number of extreme weather-related events and natural disasters led to a heightened awareness of the importance of reliable backup power solutions in the country. In addition, stringent environmental regulations, and emissions standards along with development of efficient generator sets has influenced the demand for these units across the country. The paradigm shifts towards cleaner and more sustainable energy solutions in line with ongoing improvements in generator efficiency, emission reduction, and automation has augmented the product penetration. Rapid integration of IoT technologies including predictive maintenance, diagnostics, and remote monitoring coupled with growing industrial and construction activities will foster the industry landscape. Moreover, the expansion of residential, commercial, and industrial establishment in line with rising demand for uninterruptible power supply will further drive the business outlook. Further, there have been increased instances of power outages in the U.S. in recent years, primarily due to natural calamities and other factors, such as the aging power grid infrastructure and overloading. Important places, such as hospitals, nuclear power plants, telecom towers, data centres, and fire stations, require 24/7, stable, and continuous supply of power. Power failure can affect devices and equipment in these application areas, thereby hampering their ability to function properly, owing to their inability to handle load surges and discontinuous power supply. Therefore, growth in these areas boosts the demand for generator sets in the country. Several companies operating in the U.S. diesel generator sets market are laying emphasis on introducing new products to improve their product portfolios and attract a huge customer base.

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For instance, in November 2020, KOHLER Co. announced the launch of KD1250-4, KD2500-4, and KD3250-4 large diesel industrial generators, which are certified for Tier 4 EPA Final air quality standards. Similarly, in June 2021, Caterpillar Inc. launched an additional 12 new models of Cat GC diesel generator sets for stationary standby applications, and also introduced three new power nodes for the Cat C18 diesel generator, which offer a higher power density and occupy up to 55% less floor space.

Recent Investment and Market Growth:

In U.S., the market is expected to witness significant growth on account of rising consumer awareness towards reliable emergency power backup and growing costs of power outages at data centres and other IT enable service firms. In addition, the industry is primarily driven by the increasing vulnerability of grid power infrastructure to weather caused disasters across the region. US Diesel generator sets market is anticipated to grow in the forecast period due to the increasing demand for backup power in various industries. As these industries continue to grow, the demand for reliable power supply becomes even more crucial. Diesel generator sets are reliable and cost-effective solutions for providing backup power in situations like natural disasters, grid failures, or other emergency situations. The major drivers for this growth include an increasing demand for backup power in various industries, such as healthcare, data centres, and others. In addition, government initiatives, such as tax incentives and subsidies, are encouraging the use of diesel generator sets. The US federal and state governments have implemented several initiatives aimed at promoting sustainable and reliable power supply in the country. For instance, the Environmental Protection Agency (EPA) in partnership with manufacturers have established more stringent emissions regulations targeted towards generator sets. Most States have enacted tax credits, rebates, and other incentives to encourage cleaner energy-as-a-service offerings makeup by natural gas, solar and wind-powered generation. Additionally, the Department of Energy provides funding to businesses to promote renewable, hydro, and biomass energy. These initiatives have had a significant impact on the US Diesel generator sets Market Growth, driving the shift towards cleaner and more efficient generation options.

Conclusion

Generators sets are devices that turn burning fuel into electricity. To create power, these devices combine an engine with an electric generator. All associated oil and gas operations, such as drilling, pumping, and loading, can have a constant source of electricity from generators. Generator sets make it possible to have a power source when there is no electrical infrastructure. The paradigm shifts towards cleaner and more sustainable energy solutions in line with ongoing improvements in generator efficiency, emission reduction, and automation has augmented the product penetration. Rapid integration of IoT technologies including predictive maintenance, diagnostics, and remote monitoring coupled with growing industrial and construction activities will foster the industry landscape. Moreover, the expansion of residential, commercial, and industrial establishment in line with rising demand for uninterruptible power supply will further drive the business outlook.

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