United States Portable Generator Market to be Dominated by Industrial Segment Through 2028
Rising demand for uninterrupted power
supply during natural calamities and lack of reliable grid infrastructure are
driving the portable generator market across the United States.
According to the TechSci Research report,
“United States Portable Generator Market - By Region, Competition, Forecast
& Opportunities, 2018-2028.”The United States portable generator
market is expected to grow during the forecast period, 2024-2028. The COVID-19
pandemic in 2020 increased the need for portable generators across the country
as temporary testing and treatment facilities and grid interruptions necessitated
the need for portable electricity. A number of factors, such as the expanding
demand for energy, the unstable grid infrastructure, the need for solutions for
emergency backup power, and the necessity for a steady supply of electricity,
are driving the market for portable generators. Furthermore, the requirement
for a reliable and consistent electrical supply has led to the development of
backup power systems and portable generators, both of which are lightweight and
portable. Nevertheless, because of the increased demand for battery backup
systems and other greener sources of standby power, it is projected that the
market for portable generators is expected to see growth limitations.
The market in the United States is
primarily driven by the rising need for energy. The increased energy use in the
commercial, residential, and industrial sectors may be used to support this.
For instance, the use of portable generators for power equipment such as air
hammers, compressors, drives, and drills in the construction sector is on the
rise. Together with this, the market is being considerably supported by the
rising need for dependable backup power as a result of blackouts, as portable
generators offer a practical and dependable power source. Moreover the market
is benefiting from the increased use of portable generators for outdoor power
events, lights, and small appliances. Furthermore, a good market view is
produced by a large number of producers who provide products with cutting-edge
features including remote starters, automated shutoffs, and safety
constructions.
The transmission and distribution of
energy form the foundation of the country's power infrastructure. Higher power
demands are too much for outdated transmission systems to manage, and in
exceptional cases, they may even malfunction and cause a power outage.
Transmission and distribution networks in affluent countries were established
up quite some time ago, and even with periodic maintenance, the infrastructure
is certain to deteriorate after a certain length of time. According to the
national association of governing utility commissioners in the US, coal, gas,
and nuclear power plants may keep operating efficiently for around 40 years. The
country has been concentrating on modernizing its outdated power generation,
transmission, and distribution infrastructure in an effort to reduce power
disruptions. This is due to the fact that these power production sources' life
cycles are almost at an end.
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The
United States Portable Generator market is further divided into power rating,
fuel type, application, and end use. Based on power rating, the market is further
segmented into below 5kW, 5kW-10kW, and above 10kW. Based on fuel type the
market is segmented into gasoline, diesel, natural gas, and others. Based on
application, the market is further bifurcated into temporary and primary. Based
on end use, the market is segmented as residential, commercial and industrial.
The market analysis also studies the regional segmentation to devise regional
market segmentation, divided among North East,
Midwest, West, and South.
Based on end use, the Unites States portable
generator market is segmented into residential, commercial and industrial. The
industrial end use segment is expected to boost in the upcoming years and register
a significant CAGR during 2024-2028F... This is a result of countries such as the
US investing more in infrastructure to construct roads, railroads, and parking
lots for commercial properties. For instance, the Federal Highway
Apportionments for highways and bridges for the fiscal years 2022 and 2023 were
announced by the U.S. Department of Transportation (USDOT) and Federal Highway
Administration (FHWA) at around USD120 billion. Moreover, it is projected that
the industrial segment would grow alongside the manufacturing sector.
In terms of fuel type, the gasoline
industry is expected to command the largest market share during the forecast
period, while the natural gas industry is anticipated to expand more quickly
during the forecast period, from 2024 to 2028. Gasoline portable generators are
substantially less expensive when used to power portable generators for a
shorter period of time due to the number of fuel stations, which is anticipated
to increase demand. The market for gas generators has also been affected by
escalating concerns over diesel maintenance and fueling issues, declining
natural gas fuel prices, growing awareness of natural gas as a dependable and
clean fuel, and a general desire to be more environmentally conscious. Hence,
it is projected that the simple availability of fuel is expected to continue
and have a positive impact on the expansion of the market for portable
generators during the upcoming years, 2024-2028F.
Key market players in the United States portable
generator market include:
- Cummins Inc
- Caterpillar Inc
- American Honda Motor Co Inc
- Generac Power Systems Inc
- Briggs & Stratton LLC
- Yamaha Motor Corporation U.S.A. (YMUS)
- Champion Power Equipment Inc
- Winco Generator
- Gillette Generators Inc
- Northern Tool & Equipment Company
Inc
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“The United States Portable Generator
market is expected to grow during the forecast period and register a high CAGR
during 2024-2028F because of the increasing demand for electricity, the erratic
nature of the grid, the desire for a reliable supply of electricity, the need
for emergency backup power, and all of the above. Severe weather events, such
as heavy rain, heat waves, storms, hurricanes, and fog, also interfere with the
regular power supply, forcing many businesses to employ backup power sources. In
the United States, the Bipartisan Infrastructure Investment and Jobs Act will
reauthorize the surface transportation program for the next five years in the
United States and invest 110 billion USD in new funds for the construction
of highways, bridges, and large projects. This builds on earlier
bipartisan surface transportation reauthorization bills that were approved by
the committee. Many government initiatives also support the infrastructure
sector. For instance, in the United States, in September 2021, the Department
of Agriculture reported investing USD 464 million in a range of initiatives,
including the development or upkeep of renewable energy infrastructure to
support rural communities. Therefore, the market for
portable generator across the United States is expected to rise during the
forecast period, 2024-2028F,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“United States Portable
Generator Market Segmented By Power Ratings (Below 5kW, 5kW-10kW, and Above
10kW), By Fuel Type (Gasoline, Diesel, Natural Gas, and Other), By Application
(Temporary and Primary), By End Use (Residential, Commercial, and Industrial), By
Region, Competition, Forecast & Opportunities, 2028F”, has evaluated the future growth potential of a portable generator
and provides statistics and information on market structure, size, share, and
future growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the United States portable generator market.
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