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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.
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.