Home > Energy, Mining, Oil & Gas > North America Portable Generators Market
North America Portable Generators Market size surpassed USD 4 billion in 2022 and is anticipated to expand at 4% CAGR from 2023 to 2032. The industry is shaped by insufficient power supply, persistent power outages, changing consumer preferences, and ongoing infrastructure development. Increasing frequency and severity of weather-related blackouts coupled with rising dependence on backup power solutions to maintain daily-life operations will escalate the industry outlook. The popularity of these generators can be largely attributed to their affordable pricing and versatile capabilities, making them suitable for a wide tandem of applications. The global market for portable generators is likely to cross USD billion by 2032.
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The COVID- 19 had no impact on the North America portable generators market. The industry has experienced rapid growth on account of rising adoption of remote work concepts and increasing consumer demand for uninterrupted electricity supply. Furthermore, the need for emergency backup power in response to crises and the establishment of specialized healthcare facilities have had a positive impact on the industry.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 4 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 5.9 Billion |
Historical Data for: | 2019 to 2022 |
No. of Pages: | 125 |
Tables, Charts & Figures: | 238 |
Segments covered: | Product, Fuel & Power Rating, Phase, End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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To get more details on this report: Request Free Sample PDF
The single phase generator sets market will be sustained by growing customer awareness and the presence of unreliable grid infrastructure. These generators are well-suited for residential & small commercial spaces due to their operational suitability for small power range applications and relatively low maintenance requirements. The North America portable generators market is marked by the active involvement of multinational companies and an increasing presence of specialized regional players.
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The portable inverter generator market captured industry share of 40% in 2022. The adoption of these units will be driven by continuous technological advancements, particularly in engine modifications and noise reduction. Moreover, these units offer key benefits including lightweight, fuel efficiency and speed control, driving the industry dynamics.
The gasoline gensets market will witness growth rate of 4% between 2023 and 2032. The surging consumer focus toward systems with easier mobility and less surface footprint will sustain the dominance of these units. The ability of portable generators to effectively meet the power needs of residential establishments will contribute to their widespread adoption in the industry. Ongoing construction boom in line with robust infrastructure development will boost the deployment high capacity portable gensets.
The construction industry was valued at over USD 1 billion in 2022. The increased infrastructure spending and robust construction activities have resulted in a high portable generators market in North America as an essential power supply source. For instance, the construction industry plays a significant role in contributing to the economy of the U.S.
The U.S. portable generators market is estimated to amass USD 5 billion by 2032. The industry will witness an appreciable momentum owing to frequent incidence of natural disasters such as droughts, hurricanes, floods, windstorms, earthquakes, and tsunamis, coupled with the aging electrical infrastructure. The emergence of real estate investments and the presence of favorable regulatory policies to adopt reliable backup power solutions will further add to the industry statistics.
The major players operating in the competitive business landscape includes Honda Motor, Generac Power Systems, Champion Power Equipment, Briggs & Stratton, Cummins, Yamaha Motor Corporation, Westinghouse Electric Corporation, WEN Products, Caterpillar, DuroMax Power Equipment, Kohler, FIRMAN Power Equipment, Powermate, Mitsubishi Heavy Industries, A-iPower, Deere & Company, Atlas Copco, Green Power America, Wacker Neuson, and Energizer.
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Market, By Product
Market, By Fuel & Power Rating
Market, By Phase
Market, By End Use
The above information has been provided for the following countries: