U.S. Switching to Eco-Friendly Diesel Gensets

The U.S. has recently observed a significant rise in the number of data centers, due to the adoption of advanced technologies like 5G, the internet of things (IoT), and edge computing. The deployment of these technologies requires additional storage space for the high-volume data generated by them. Therefore, the extensive investments in the development of data centers will propel the installation of diesel gensets in the U.S., as these facilities require a reliable power backup facility, which is offered by generators.

Additionally, the growth of the construction industry in the country will drive the U.S. diesel genset market at a CAGR of 7.2% during the forecast period (2020–2030). The market was valued at $2,187.4 million in 2019, and it is expected to reach $3,797.6 million by 2030. The U.S. Department of Transportation (US DOT), in December 2018, announced the second round of the INFRA discretionary grants program for the infrastructure sector of the country, which has been, since then, steadily pushing up the sales of diesel generator sets in the country, both during construction and after the commissioning of the projects.

In recent years, the country has shifted to eco-friendly diesel gensets to reduce greenhouse gas emissions. Due to the growing concerns about greenhouse gas emissions, key power equipment companies like Cummins Inc., American Honda Motor Co. Inc., Generac Holdings Inc., and SouthWest Products Corporation are making huge investments to introduce technologically advanced products. Moreover, the stringent emission norms implemented by government organizations, specifically the Environmental Protection Agency, have led to the development of environment-friendly diesel generator sets.

Residential societies, retail shops, manufacturing plants, and healthcare facilities are some major end users in the U.S. diesel genset market. These spaces use diesel generators to deal with power cuts, which are increasing in number owing to the aging electricity grid infrastructure and adverse weather conditions. In recent years, the country has witnessed numerous power outrages due to the overloading and aging of power grid systems. According to the Energy Information Administration (EIA), the nation registered around 127 instances of power outages in 2018 in comparison to 95 in 2017.

Therefore, With an increase in the number of data centers and commercial construction activities, the deployment of diesel gensets is surging significantly in the U.S.

Source: www.psmarketresearch.com

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