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Portable Conventional Generator Market Analysis

  • Report ID: GMI9603
  • Published Date: May 2024
  • Report Format: PDF

Portable Conventional Generator Market Analysis

The single-phase segment to exceed USD 5 billion by 2032. Aging grid infrastructure along with increasing demand for uninterrupted power supply will escalate the industry potential. The versatility and mobility of these generators make them indispensable for on-site power needs. These gensets play a crucial role in emergency response and provide temporary power for emergency shelters, medical facilities, communication centers during emergencies.
 

Portable Conventional Generator Market Revenue Share, By End Use, 2023

The construction portable conventional generator market size will witness a growth rate of over 3.5% through 2032. The unreliable grid infrastructure along with rapid population growth will lead to market growth. Furthermore, rapid industrialization & increasing infrastructure investments also lead to market growth for the application. These gensets offer a practical solution for reliable backup power, independent of grid availability. Additionally, the growing trend towards sustainable construction practices has led to increased interest in hybrid generators, accelerating the industry potential.
 

North America Portable Conventional Generator Market, 2022 - 2032 (USD Billion)

The North America portable conventional generator market is set to surpass USD 3 billion by 2032. The shifting trend of remote work along with telecommuting will fuel the demand for backup power solutions in residential settings. Furthermore, these gensets play a crucial role in emergency response and disaster relief efforts. Moreover, the growing demand for portable power sources in outdoor recreational activities along with surging disposable income will fuel the industry expansion.
 

U.S. portable conventional generator industry growth will be driven by the increasing awareness of the need for emergency preparedness, households, businesses, and government agencies to ensure continuity of essential operations during emergencies. Increasing demand for backup power solutions particularly in regions prone to natural disasters coupled with heightened awareness regarding emergency preparedness will positively sway the business outlook.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of portable conventional generator reached USD 6.9 billion in 2023 and will expand at a 3.8% CAGR between 2024 and 2032, owing to increasing demand for reliable power supply in remote and off-grid areas, and the rising need for backup power during natural disasters.

Construction portable conventional generator industry size will exhibit 3.5% CAGR from 2024 to 2032, attributed to the continuous expansion and need for reliable power on job sites.

North America market will exceed USD 3 billion by 2032, primarily due to frequent power outages, severe weather conditions, and high demand for backup power solutions.

Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Deere & Company, Generac Power Systems, HIMOINSA, Honda India Power Products, Kirloskar, and Kohler among others.

Portable Conventional Generator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 52
  • Countries covered: 35
  • Pages: 118
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