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North America Portable Generators Market size to exceed $3.1bn by 2028

  • Published Date: January 18, 2022

North America Portable Generators Market size is anticipated to surpass USD 3.1 billion by 2028, as reported in the latest study by Global Market Insights Inc.

North America portable generators industry share will witness growth on account of increasing implications for energy security, concerns over fossil fuel consumption, and rising emissions. Increased stringency of emission standards and growing weather-related power outage activities will further fuel the industry dynamics. Recognizing the ever-increasing significance of uptime & reliable power supply along with growing susceptibility of grid infrastructure to external damage will further favor the business scenario.

Flourishing commercial sector will drive the diesel portable generators demand

Diesel-based North America portable generators market is anticipated to grow owing to higher-power requirements including construction sites, large Recreational Vehicles (RVs), and commercial applications. It is a less volatile and more stable fuel that facilitates an efficient and cost-effective alternative of fueling a generator across remote areas and desired locations. However, direct costs of the fuel have been recently elevated on account of the increasingly stringent low sulfur requirements.

Increasing adoption of lower weight and smaller dimension units will boost the three-phase generators industry outlook

North America portable generators market from three-phase segment is set to surpass USD 600 million by 2028. These units possess typically less weight & compact size when compared to their counterparts, stimulating the industry landscape. Wide scale utilization across commercial environments and industrial power applications will energize the business dynamics. Invariable power supply, high flexibility, and appreciable material efficiency are some of the distinguishing features driving the product demand.

The COVID- 19 outbreak has led majority of the regulatory bodies and state governments to initiate full-scale lockdown obligating their residents to stay indoors to decrement community transmission of the virus. This has impacted the overall operations across all verticals on account of complete shutdown in commercial establishments. However, favorable government initiatives to fast track the operations towards commissioning of planed construction projects will positively impact the business scenario.

Browse key industry insights spread across 185 pages with 158 market data tables & 32 figures & charts from the report, “North America Portable Generators Market Forecasts By Product (Conventional Portable Generator, Inverter Portable Generator), Fuel & Power Rating (Diesel {< 20 kW, 20 kW - 50 kW, > 50 kW - 100 kW}, Gasoline {< 2 kW, 2 kW - 5 kW, 6 kW - 8 kW, > 8 kW - 15 kW}), Phase (Single Phase, Three Phase), End-Use (Residential, Commercial, Construction), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028in detail along with the table of contents:

Robust construction activities along with aging electrical infrastructure will thrust the industry forecasts

Ongoing construction activities driven by an elevated infrastructure spending have triggered the demand for portable generators. Increasing number of projects across multiple applications & other infrastructural ventures across domestic & international markets are some of the instrumental factors supporting the industry share. Amplifying load demand on the grid along with increasing urgency for continuous electricity supply will continue to entail the product adoption across the region.

The COVID- 19 outbreak has led the regulatory bodies and state governments to initiate full scale lockdowns, which has delayed a wide array of infrastructural projects. However, the surging demand for robust construction activities pertaining to development of makeshift hospitals coupled with the adoption of work from home concept will continue to entail the product demand.

Increasing infrastructural investments will propel the Canadian market expansion

Canada portable generators market is projected to grow at a CAGR of 7.7% through 2028. The increasing intensity of storms that lead to massive power outages has amplified the need for emergency power solutions, stimulating the business expansion. Winter power failures triggered by freezing rain & sleet storms lead to prolonged power interruptions, augmenting the business landscape. The emerging real estate investments coupled with favorable regulatory policies will further fuel the regional portable generators demand.

Eminent market players operating in the North America portable generators market include Briggs & Stratton, Cummins, Generac Power Systems, Kohler Co., Honda Motor, Yamaha Motor, Caterpillar, Honeywell International, Atlas Copco, Wacker Neuson, Deere & Company, Champion Power Equipment, FIRMAN Power Equipment, DuroMax Power Equipment, WEN Products, A-iPower, Mitsubishi Heavy Industries and Westinghouse Electric Corporation.

Authors: Ankit Gupta, Shubham Chaudhary