Market Study Report recently introduced new title on “2018-2024 U.S. Portable Generators Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Selbyville, DE -- (SBWIRE) -- 11/26/2018 -- With the increasing demand for reliable and consistent power supply, the U.S. portable generators market has gained quite some acclaim lately, due to the rising deployment of the product across the industrial and residential segments. Portable power is required at construction sites to run machinery and heavy equipment, while residential buildings need generators in case of emergencies or as additional power sources. Similar to the construction sector, the extensive mining industry in U.S. also deploys portable generators for ensuring continuous operations. U.S. Portable Generators Market is predicted to surpass USD 1.5 Billion by 2024.
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The utility of these generators is highly emphasized by the necessity of power backups owing to large scale infrastructure losses. With a number of areas in the country being affected by natural disasters like hurricanes, tornados, earthquakes and fires, loss or damage to transmission lines could result in power outages for longer periods.
Declining resiliency coupled with increasing vulnerability of electric grid infrastructure will fuel the U.S. portable generators market. Increasing grid failures owing to the inability to sustain high susceptibility and amplified demand load to extreme weather conditions will further complement the industry growth. Inadequate installed capacity coupled with increasing energy consumption will further complement the business growth.
In 2017, California portable generators market was valued over USD 90 million. Rising strain on power grid owing to the rising temperatures across the state will encourage the product adoption. For instance, high usage of air conditioning driven by triple digit temperature overloaded the California Power Grid, resulting into severe and widespread power outages in 2017.
Ability to provide safe operations along with relatively low cost and compliance with emissions standards will propel the Class I engines portable generators market. These engines find wide acceptance across the generators of lower power ratings to provide backup power solutions to the commercial and residential establishments.
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Construction applications is predicted to witness gain of 3% by 2024. The generators are primarily deployed across the job sites to cater reliable and continuous power supply to construction tools and equipment. The industry growth is attributed to the escalating demand for reliable supply of power across the construction sites.
Gasoline portable generators market is projected to expand over 3% by 2024. Easy accessibility of fuel during natural calamities will stimulate the product demand. Easier availability of gasoline, competitive fuel price, and portability will reinforce the product demand. Other fuels including diesel and liquid propane are also used to power these units.
Key industry participants include Kohler, Cummins, Briggs & Stratton, Generac, Eaton, Yamaha Motor, Honda Motor, Caterpillar, Yanmar, Kubota Atlas Copco, Honeywell, John Deere, Siemens, and others.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Portable Generators Industry Insights
Chapter 4. U.S. Portable Generators Market, By Power Rating
Chapter 5. U.S. Portable Generators Market, By Engine Class
Chapter 6. U.S. Portable Generators Market, By End-Use
Chapter 7. U.S. Portable Generators Market, By Fuel
Chapter 8. U.S. Portable Generators Market, By Region
Chapter 9. U.S. Portable Generators Market Company Profiles
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