The data center generator market in North America is expected to grow from US$ 1,715.43 million in 2021 to US$ 2,131.43 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2021 to 2028.
There are already around seven billion Internet-connected devices in this age of data, and that figure is growing. Many produce huge amounts of data, which must be recorded, routed, stored, assessed, and retrieved. Manufacturers rely on big data and data analytics to improve their operations' efficiency, productivity, security, and cost-effectiveness as the Internet of Things (IoT) and Industry 4.0 take hold. On the other hand, data management in-house is becoming increasingly complicated, time-consuming, and costly. To save energy and infrastructure costs, even huge firms such as Cisco consider shutting down portions of their own internal data centers. The rise in penetration of connected devices and easy access to the internet, coupled with the reduced cost of internet services, are propelling the demand for data storage. The need for data storage is also surging due to the increasing demand for big data analytics and cloud-based services, such as online content comprising movies, apps, videos, and social media. Therefore, cloud-based companies deploy IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to the cloud. These developments directly influence the increase in the use of the Internet of Things (IoT), thereby resulting in the construction of a large number of data centers across the region. Therefore, the increasing number of data centers boosts the need for data center generators to get sufficient power supplies, driving the growth of the data center generator market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America data center generator market at a substantial CAGR during the forecast period.
The North America data center generator market is segmented into the product type, capacity, tire, and country. Based on product type, the market is segmented into diesel, natural gas, and bi-fuel. In 2020, the diesel segment held the largest market share. Based on capacity, the North America data center generator market is segmented into below 1 MW, 1–2 MW, and greater than 2 MW. In 2020, the below 1MW segment held the largest market share and is expected to register the highest CAGR in the market during the forecast period. Based on tire, the market is segmented into tier 1 and tier 2, tier 3, and tier 4. In 2020, the tier 3 segment held the largest market share. Based on country, the North America data center generator market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share.
ABB Ltd; Atlas Copco AB; Caterpillar Inc.; Cummins Inc.; DEUTZ AG; GENERAC POWER SYSTEMS INC.; HITEC POWER PROTECTION; Kohler Co.; and Mitsubishi Heavy Industries, Ltd. are among the leading companies in the North America data center generator market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,715.43 Million |
| Market Size by 2028 | US$ 2,131.43 Million |
| CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Data Center Generator Market is valued at US$ 1,715.43 Million in 2021, it is projected to reach US$ 2,131.43 Million by 2028.
As per our report North America Data Center Generator Market, the market size is valued at US$ 1,715.43 Million in 2021, projecting it to reach US$ 2,131.43 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The North America Data Center Generator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Data Center Generator Market report:
The North America Data Center Generator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the North America Data Center Generator Market value chain can benefit from the information contained in a comprehensive market report.
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