US Portable Generator Demand to Surpass $ 800 Million by 2024
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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Pages and an in-depth TOC on "United States Portable Generators Market"
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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.
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“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.
“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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