According to IMARC Group latest report titled “North America Portable Generator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on North America portable generator market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America portable generator market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
What are portable generator?
A portable generator is a versatile and convenient power solution that provides electricity in situations where a reliable power supply is not available. It is a compact and mobile device that can be easily transported to various locations, making it an ideal choice for both residential and commercial applications. The North America portable generator market is witnessing steady growth due to the increasing need for backup power during emergencies, the flourishing construction industry, the rising popularity of outdoor activities, and the demand for environmentally friendly power solutions.
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What are the growth prospects and trends in the North America portable generator industry?
The increasing occurrence of natural disasters, such as hurricanes, storms, and wildfires, has led to a greater need for backup power solutions. Portable generators are invaluable during such emergencies, as they can provide immediate electricity to power essential appliances, heating and cooling systems, and medical equipment. With the frequency and intensity of natural disasters on the rise, the demand for portable generators as a reliable source of backup power has surged in North America. Furthermore, the construction industry in North America has been experiencing robust growth, leading to a high demand for portable generators on construction sites. These generators are used to power tools, equipment, and lighting systems, enabling smooth operations even in remote locations. Additionally, the increasing number of outdoor events, such as concerts, festivals, and sports tournaments, has created a need for portable generators to provide temporary power supply for lighting, sound systems, and food stalls. Another significant driver of the North America portable generator market is the growing popularity of outdoor recreational activities. Campers, RV owners, and outdoor enthusiasts rely on portable generators to power their appliances, lighting, and other electronic devices during their trips. Moreover, the rise in the number of mobile food trucks and food vendors has led to an increased demand for portable generators to support their operations. In line with the growing focus on environmental sustainability, there is a rising demand for eco-friendly portable generators. Manufacturers are developing models that utilize cleaner fuel sources, such as propane and natural gas, which produce fewer emissions compared to traditional gasoline-powered generators.
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North America Portable Generator Market Segmentation:
Our report has categorized the market based on region, fuel type, application and power output.
Key Regions Analysed:
- United States
- Canada
Market by Fuel Type:
- Portable Diesel Generators
- Portable Gas Generators
- Others
Market by Application:
- Residential
- Commercial
- Industrial
- Infrastructure
Market by Power Output:
- Less than 3 kW
- 3-10kW
- More than 10kW
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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