U.S. Portable Generators Market

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


Report ID: UCMIR20E2034 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

U.S. Portable Generators Market Insights

Market Overview:

The U.S. portable generators market demonstrated remarkable growth in recent years, with a valuation surpassing USD 1.2 billion in 2017. This trend is projected to continue its upward trajectory, as market forecasts indicate an annual shipment of over 1.5 million units by 2024. The surge in demand can be attributed to several factors, including increased awareness about emergency preparedness, rising frequency of power outages due to extreme weather events, and expanding applications across residential, commercial, and industrial sectors. As consumers seek reliable backup power solutions, manufacturers are innovating to offer more efficient, quieter, and environmentally friendly generator options. This dynamic market landscape presents opportunities for both established players and new entrants to capitalize on the growing consumer needs for dependable portable power sources.

U.S. Portable Generators Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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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 Heavy Electrical Equipment by segment aggregation, the contribution of the Heavy Electrical 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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FAQs

The market for U.S. Portable Generators was estimated to be valued at US$ XX Mn in 2021.

The U.S. Portable Generators Market is estimated to grow at a CAGR of XX% by 2028.

The U.S. Portable Generators Market is segmented on the basis of Power Rating, Engine Class, End-Use, Fuel, Region.

Based on region, the U.S. Portable Generators Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the U.S. Portable Generators Market are Cummins, Briggs & Stratton, Kohler, Generac, Yamaha Motor, Eaton, Yanmar, Honda Motor, Caterpillar, Honeywell, Kubota Atlas Copco, Siemens, John Deere and others.

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U.S. Portable Generators Market

Product ID: UCMIR20E2034

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