North America Portable Generator Market Witnesses Robust Growth Rate of CAGR 6%, Exceeding US$ 1.7 Billion by 2028

According to IMARC Group latest report titled "North America Portable Generator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on North America Portable Generator market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America portable generator market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

A portable generator is a compact, mobile energy source that uses fuel to generate electricity, providing power during outages or in areas where traditional electrical supply is unavailable. Characterized by its lightweight design and easy-to-use interface, these generators are generally equipped with wheels and handles for effortless transportation. Typically powered by gasoline, diesel, or propane, they operate on internal combustion engines to convert mechanical energy into electrical energy. The working mechanism involves a motor that runs a generator, which then produces electricity. Featuring a variety of electrical outlets, they can power household appliances, electronic devices, and industrial machinery.

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Market Trends:

The North American market for portable generators is primarily experiencing growth due to the increasing frequency of natural disasters such as hurricanes, storms, and wildfires, requiring emergency power solutions. In line with this, an aging energy infrastructure that's prone to failures and outages also contributes to market growth. Moreover, the growing outdoor recreational activities that necessitate portable electricity sources act as a significant growth-inducing factor. In addition to this, the continued expansion of construction projects in urban and remote areas is demanding reliable and mobile power supply, further propelling the market. Furthermore, advancements in technology are leading to more fuel-efficient and quieter models, offering additional value to consumers. Besides this, the introduction of smart, Internet of Things (IoT)-enabled generators opens up new opportunities for market expansion. Also, increased consumer education about preparedness for emergencies is positively impacting consumer behavior.

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North America Portable Generator Market Segmentation:

Our report has categorized the market based on region, fuel type, application and power output.

Key Regions Analysed:
• United States
• Canada

Breakup by Fuel Type:
• Portable Diesel Generators
• Portable Gas Generators
• Others

Breakup by Application:
• Residential
• Commercial
• Industrial
• Infrastructure

Breakup by Power Output:
• Less than 3 kW
• 3-10kW
• More than 10kW

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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