U.S. Portable Generators Market Size, Share, Growth Analysis, By Power Rating(2-3.5 kW power rating in 2017, accounted for over 30% of the U.S. portable generators market. Growing consumer affinity toward smaller and less powerful units on account of their affordable price index and easy portability will entail the sturdy deployment of these units. Light weight), By Engine Class(Class I engine portable generators market is predicted to expand over 4% by 2024. Competitive fuel prices, favourable capital structure and relatively safer operation will encourage the product deployment across the lower power ranges. However), By End-Use(Residential generator applications will grow subject to the increasing consumer demand for continuous and reliable power output along with growing dependency on power back-up units. Economic feasibility to fulfil low power requirements across the residential applications will further stimulate the demand for these units. Commercial portable generators market is predicted to grow over 3% by 2024. Sizeable investments in power backup solutions to circumvent the excessive productivity losses and revenue costs caused during power interruptions will positively influence the industry landscape. The product finds key applications across small commercial establishments.), By Fuel(Gasoline portable generators market is anticipated to expand owing to its easy accessibility, affordable price index) - Industry Forecast 2024-2031

Segmentation Analysis:

The U.S. Portable Generators Market is segmented by Power Rating, Engine Class, End-Use, Fuel. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Power Rating the market is segmented as, 2-3.5 kW power rating in 2017, accounted for over 30% of the U.S. portable generators market. Growing consumer affinity toward smaller and less powerful units on account of their affordable price index and easy portability will entail the sturdy deployment of these units. Light weight, compactness and operational suitability are the other vital parameters encouraging the use of these units. Increasing demand for dependable and constant power across construction sites will boost the demand for 8-15 kW generating systems. These units are primarily deployed across the work site and various industrial applications to efficiently power construction tools & equipment. Minimal operational and installation costs will further strengthen the product’s adoption.
• Based on Engine Class the market is segmented as, Class I engine portable generators market is predicted to expand over 4% by 2024. Competitive fuel prices, favourable capital structure and relatively safer operation will encourage the product deployment across the lower power ranges. However, increasing R&D investments to ensure compliance requirements with the emissions criteria is likely to increase the overall manufacturing costs of these units. Rapid technological advancements coupled with increasing stringency of regulatory compliances will drive the Class II engines portable generators market. Recent innovations including the development of twin cylinder technology which ensure minimized safety risks will significantly strengthen the industry outlook.
• Based on End-Use the market is segmented as, Residential generator applications will grow subject to the increasing consumer demand for continuous and reliable power output along with growing dependency on power back-up units. Economic feasibility to fulfil low power requirements across the residential applications will further stimulate the demand for these units. Commercial portable generators market is predicted to grow over 3% by 2024. Sizeable investments in power backup solutions to circumvent the excessive productivity losses and revenue costs caused during power interruptions will positively influence the industry landscape. The product finds key applications across small commercial establishments.
• Based on Fuel the market is segmented as, Gasoline portable generators market is anticipated to expand owing to its easy accessibility, affordable price index, and simple operation. Ability to offer handy and immediate backup power during extended electrical outages will further favour the industry growth. Other fuels including liquid propane and diesel are also used to power these portable units.