The North America Portable Generator Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
Delays in the regular power supply caused by extreme weather, such as heavy rain, heat waves, storms, hurricanes, and fog, necessitate using backup power sources in several sectors which may raise the need for portable generators. For camping, tailgating, and recreational vehicles, portable generators are widely used. The market has witnessed growth in the recent past due to features like long battery life and effective fuel capacities.
Portable generators produce electricity for usage in household, commercial, and industrial settings. To gain significant market share, expand their range of goods & services, and sustain intense competition, the leading suppliers in the market have used creative new product launches as a vital growth strategy. Businesses have also started using collaboration tactics to introduce new ideas, enhance operational performance, and introduce new technology, all driving the market higher.
According to the government of Canada, Canadians experienced unprecedented extreme weather and these disasters' severe personal and economic effects. The government of Canada is striving to cut emissions, safeguard the environment, and stop the loss of biodiversity. As a nation, they will also need to adapt to the changes that have already occurred. Canadians and their communities will be safer and healthier as a result of adequately preparing for and adapting to the effects of the changing climate. This will also protect the economy from shocks and help prevent some high and rising costs related to extreme weather.
The US market dominated the North America Portable Generator Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $710 million by 2030. The Canada market is exhibiting a CAGR of 8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 7% during (2023 - 2030).
Based on Application, the market is segmented into Emergency, and Prime/Continuous. Based on End User, the market is segmented into Residential, Commercial, and Industrial. Based on Power Rating, the market is segmented into 5 -10 KW, Below 5 KW, and More than 10 KW. Based on Product Type, the market is segmented into Conventional Generator, and Inverter Generator. Based on Fuel, the market is segmented into Gasoline, Diesel, Natural Gas, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Portable Generator Market is Projected to reach USD 3.4 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Generac Holdings, Inc., Atlas Copco AB, Honeywell International, Inc., Caterpillar, Inc., Wacker Neuson SE, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Kohler Co., and Briggs & Stratton, LLC (KPS Capital Partners)
By Application
By End User
By Power Rating
By Product Type
By Fuel
By Country
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