What are the Growth Drivers of U.S. Portable Generators Market? Cummins, Kohler, Generac, Briggs & Stratton, Yamaha Motor, Eaton, Honda Motor, Yanmar, Caterpillar

Global Market Insights has launched a report on 'U.S. Portable Generators Market' that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

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.

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Growth drivers

3.8.1.1.1. Increasing intensity & frequency of weather related disasters

3.8.1.1.2. Growing demand for uninterrupted power supply

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.

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.

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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.

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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Chapter 4. U.S. Portable Generators Market, By Power Rating

4.1. U.S. portable generators market share by power rating, 2017 & 2024

4.1. U.S. portable generators market share by power rating, 2017 & 2024

4.2.1.

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