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The latest report by IMARC Group, titled“ North America Portable Generator Market: industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 “, offers a comprehensive analysis of the industry, which comprises insights into the North America portable generator market share . 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 2023. Looking forward, IMARC Group expects the market to reach
US$ 2.0 Billion
by 2032, exhibiting a growth rate
(CAGR) of 5.3%
during 2024-2032.
North America Portable Generator Market
Overview:
A portable generator is a compact power generation device designed to provide electricity in situations where a traditional power source is unavailable or unreliable. Typically fueled by gasoline, propane, or diesel, portable generators contain an internal combustion engine that converts fuel into electrical energy through an alternator. Manufactured with lightweight materials and equipped with handles or wheels for easy transportation, these generators range in size from small units capable of powering a few appliances to larger models capable of supplying electricity to an entire household or job site.
The importance of portable generators lies in their ability to maintain essential electrical functions in remote or emergencies, ensuring the safety and comfort of individuals and enabling continued productivity.
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North America Portable Generator Market
Trends:
The market in North America is primarily driven by the increasing frequency of extreme weather events, such as hurricanes and storms, is prompting individuals and businesses to invest in backup power solutions to ensure continuity of operations and mitigate downtime. Additionally, the growing demand for portable generators in the construction industry, particularly for powering tools and equipment at job sites, is fueling market expansion. Moreover, the rising adoption of portable generators for outdoor recreational activities, including camping and tailgating, is contributing to market growth.
Furthermore, continual technological advancements in portable generator design, such as improved fuel efficiency, quieter operation, and enhanced safety features, are attracting consumers and driving market demand. In line with this, the increasing awareness of the importance of emergency preparedness and disaster resilience among households and businesses is driving the uptake of this market.
North America Portable Generator Industry Segmentation:
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
Breakup by Country:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook (2024-2032) COVID-19 Impact on the Market Porter's Five Forces Analysis Strategic Recommendations Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
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.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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