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North America Portable Generators Market Analysis

  • Report ID: GMI5175
  • Published Date: May 2023
  • Report Format: PDF

North America Portable Generators Market Analysis

 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.

 

 

North America Portable Generators Market Revenue Share, By Product, 2022

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.

 

U.S. Portable Generators Market Size, 2020 - 2032 (USD Billion)

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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of North America portable generators reached USD 4.2 billion in 2023 and is poised to depict 4.1% CAGR from 2024 to 2032, propelled by insufficient power supply, persistent power outages, changing consumer preferences, and ongoing infrastructure development in the region

The single phase segment is poised to depict considerable growth till 2032 as a result of the presence of unreliable grid infrastructure and their operational suitability for small power range applications.

The inverter portable sector accounted for 40% of the North America portable generators industry share in 2022 owing to continuous technological advancements, particularly in engine modifications and noise reduction.

The U.S. portable generators business is slated to surpass USD 5 billion by 2032 as a result of frequent incidences of natural disasters such as droughts, hurricanes, floods, windstorms, earthquakes, and tsunamis, coupled with the aging electrical infrastructure in the region.

Major North America portable generators industry players include Honda Motor, Generac Power Systems, Champion Power Equipment, Briggs & Stratton, Cummins, Yamaha Motor Corporation, Westinghouse Electric Corporation, WEN Products, Caterpillar, DuroMax Power Equipment, Kohler and others,

North America Portable Generators Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 238
  • Countries covered: 2
  • Pages: 125
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