Report ID: UCMIG20D2055
Report ID:
UCMIG20D2055 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Portable Generators in North America Market size exceeded USD 2 billion in 2021, and by 2028, it is predicted that yearly installation will top 3.5 million units. A portable generator is a piece of electrical equipment that produces electricity and can be moved conveniently. It includes a generator, an engine, and various ancillaries. These items are used for construction and recreation as well as emergency home backup power sources. The business environment will be improved by the rise in weather-related catastrophes that cause sporadic power disruptions.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20D2055