North America Portable Generators Market share is set to witness a significant growth on account of rising electricity usage mainly across residential and commercial premises. Power outages due to harsh weather conditions is raising the dependency on various backup solutions including gensets.
3.5-5 kVA portable generators market size is anticipated to surge substantially owing to the shifting consumer preference toward cost effective portable technologies. Compact size, efficient operations and light weight are some of the prominent features which will enhance the product penetration across the region.
Ongoing investments in the construction industry coupled with infrastructural development across the residential real estate sector will drive the demand for 8–15 kVA generating units. Requirement of uninterrupted power supply across various construction areas will escalate the product adoption significantly.
Portable generators market across residential establishments will witness substantial growth on account of growing demand for reliable and affordable power across various households. As per to U.S. Energy Information Administration (EIA), a total electricity consumption across the country had surged by 6.6% from 2017 to 2018. Increasing regional population will tend to further proliferate the technology adoption over the forecast period.
The portable generator demand across commercial complexes will expand significantly owing to rising service industry. Increasing penetration of datacenters will further raise the industry revenue over the forecast period. In addition, flourishing tourism sector will accelerate the product installation across the region.
Three phase portable generators demand is expected witness strong growth on account of their efficient power supply, minimum external circuitry and compact nature. In addition, these generators are light weight and cost efficient as compared with single phase systems, which in turn will further raise the product adoption.
Easier fuel availability, economical pricing structure and high portability will drive the North America gasoline portable generators market over the forecast period. In addition, multi-use capacity along with high efficiency and simpler operations will further complement the business growth.
Soaring population with the significantly growing energy consumption will raise portable generator demand across the U.S. Calamities incurring on account of rapid change in the climatic conditions will further propel the product demand over the forecast period. For instance, in 2017, Hurricane Irma hit Florida resulted in severe power outage with more than 64% of the electricity consumers affected across the state.
Prominent players operating in the industry include Generac, Caterpillar, Atlas Copco, John Deere, Siemens AG, Cummins, Yamaha Motor Pvt, Ltd., Wacker Neuson SE, Firman Power Equipment, Honeywell International, Inc., Kohler Power Group, Champion Power Equipment, Briggs & Stratton, DuroMax Power Equipment, Honda Motor Co., Ltd amongst others.