Press release
U.S. Portable Generators Market Key Player Analysis On Eaton, Yamaha Motor, Honda Motor, Caterpillar, Yanmar, Kubota Atlas Copco, Honeywell, John Deere, Siemens
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.
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U.S. Portable Generators Market is predicted to surpass USD 1.5 Billion by 2024. Increasing recurrence and severity of natural adversities will stimulate the business growth. As per the U.S. DOE, weather outages are anticipated to rise as the climate change increases the frequency and intensity of floods, hurricanes, blizzards, and other adverse weather conditions. Recent instances include the Hurricane Maria and Hurricane Harvey in the U.S. which affected around 1.57 million and 336,000 electricity customers respectively.
South Atlantic portable generators market will grow owing to the heavier Atlantic hurricane season. The South Atlantic region, in 2017, experienced one of the most destructive and hyperactive hurricane season, for instance, six category 3 hurricanes and 18 storms. The ever-increasing intensity of hurricane season accompanied by the expanding power outages will fuel the product penetration.
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.
Top Manufacturers in global market are given bellow: Kohler, Cummins, Briggs & Stratton, Generac, Eaton, Yamaha Motor, Honda Motor, Caterpillar, Yanmar, Kubota Atlas Copco, Honeywell, John Deere, Siemens, and others.
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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.
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