Sellbyville, DE -- (SBWIRE) -- 05/21/2019 -- U.S. Portable Generators Market size will exceed USD 1.5 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Increasing severity and recurrence of weather-related disasters will drive the U.S. portable generators market size. According to the U.S. Department of Energy, weather outages are expected to rise as climate change increases the intensity and frequency of blizzards, floods, hurricanes, and other adverse weather events. Recent instances maj orly include the Hurricane Harvey, a category 4 storm that resulted into a massive power outage across Texas, affecting more than 336,000 customers.

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California portable generators market, in 2017 was valued over USD 90 million. Increasing load on power grid driven by elevating heat temperatures across the state will favor product deployment. For instance, excessive use of air conditioning on account of triple digit temperatures strained the California Power Grid in 2017, resulting into widespread and severe power outages.

Declining resiliency along with growing vulnerability of electrical grid infrastructure will augment the U.S. portable generators market. Increasing frequency of grid failures on account of inability to sustain amplified demand load and high susceptibility to extreme weather conditions will favor the industry growth.

South Atlantic portable generators market is anticipated to witness a robust growth on account of increasingly active Atlantic hurricane season. In 2017, the region witnessed one of the most hyperactive and destructive hurricane seasons, including the 18 storms and 6 hurricanes of Category 3 and stronger. The ever-increasing intensity of the hurricane season accompanied by expanding power outages will stimulate the product penetration.

Construction applications is anticipated to expand over 3% by 2024. These products find wide acceptance across job sites to cater continuous and reliable power supply to construction equipment and tools. The industry growth is largely attributed to escalating need for continuous and reliable electric supply across construction sites.

Ability to offer safe operations coupled with relatively lower costs of compliance with emissions regulations will drive the Class I engines portable generators market. These products are primarily deployed across lower power rating generators to cater backup power solutions across the residential and commercial establishments.

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Gasoline portable generators market is set to witness gain of over 3 % by 2024. Ease of fuel accessibility during an emergency or natural calamity will substantially encourage the deployment of these generators. Competitive fuel price, portability and easier availability of gasoline will make its adoption preferable over other fuels.

Key industry participants include Cummins, Kohler, Generac, Briggs & Stratton, Yamaha Motor, Eaton, Honda Motor, Yanmar, Caterpillar, Honeywell, Kubota Atlas Copco, Siemens, John Deere and others.

The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data

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All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
- Leadership figures such as CEOs, CSOs, VPs etc. in key companies
- Supply-chain participants, distributors and domain experts
- Key customers and B2B clients