Growing demand from residential and commercial sectors coupled with increasing investments in construction sector and technological advancements to fuel United States portable generators market through 2024
According to TechSci Research report “United States Portable Generators Market By Fuel Type, By End-User, By Power Rating, By Application, Competition, Forecast & Opportunities, 2014 - 2024’’, portable generators market in United States is projected to reach $ 819 million by 2024, primarily driven by huge demand from residential and commercial sectors. This can be attributed to rapid urbanization and growing number of construction projects in the country. Increasing demand for low-capacity portable generators, growing adoption of multi-fuel portable generators and technological advancements such as wireless Bluetooth and automatic shutdown are anticipated to positively influence United States portable generators market in coming years. Few major companies operating in United States portable generators market are Briggs & Stratton Corporation, Generac Holdings, Inc, Honda Motor Co.,Ltd., Champion Power Equipment and Kohler Co.
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Less than 5 kVA portable generators segment accounted for the largest market share in 2018 and is likely to maintain its dominance during the forecast period, on account of easy portability and cost-effectiveness. South region including Southeast and Southwest are the largest demand generating regions for portable generators in the country, backed by factors such as high population, and increasing number of housing units and commercial buildings. Moreover, increasing intensity of floods and hurricanes and extreme weather conditions in the southern region of the United States is expected to fuel the country’s portable generators market. For instance, in August 2017, Hurricane Harvey hit Texas and resulted in power outages, affecting more than 3 million of the region’s population. To deal with such situations, many portable generator manufacturers like Generac are planning to increase the supply and production of portable generators in the southern region.
“United States portable generators market is primarily dominated by commercial sector, followed by industrial and residential sectors. Over the coming years, demand from the residential sector is expected to grow at the fastest rate, owing to mounting population and rapid urbanization in the country. As electrical home appliances such as televisions, refrigerators and air conditioners have become an imperative part of households, demand for portable generators from residential sector is expected to register strong growth during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“United States Portable Generators Market By Fuel Type, By End-User, By Power Rating, By Application, Competition, Forecast & Opportunities, 2014 - 2024’’ has evaluated the future growth potential of United States portable generators market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in United States portable generators market.
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