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The residential portable generator market share in US is expected to increase by USD 87.76 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.
This residential portable generator market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers residential portable generator market segmentation in US by product (3kW-10kW, 10kW-15kW, and below 3kW) and type (gasoline, gas, and diesel). The residential portable generator market in US report also offers information on several market vendors, including Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., DuroMax Power Equipment, Eaton Corp. Plc, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., Westinghouse Electric Corp., and Yamaha Motor Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The major power outages due to natural disasters are notably driving the residential portable generator market growth in the US, although factors such as the availability of portable solar-powered generators may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential portable generator industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Residential Portable Generator Market Driver in the US
One of the key factors driving growth in the residential portable generator market in the US is the major power outages due to natural disasters. Weather is the most common cause of power outages in the US. According to the Edison Electric Institute (EEI), 70% of all power outages in the country are caused by severe weather or natural disasters. Lightning, rainfall, snow, wind, and dust are some common causes of power outages. However, natural disasters, such as floods and severe storms, cause major power outages. Therefore, frequent natural disasters that affect power utilities have spurred the demand for uninterrupted power supply, thereby increasing the demand for portable generators in the US. More customers are opting to purchase portable generators, especially diesel generators, as these generators can reduce the inconvenience and the possible dangers that come with power outages during natural disasters.
Key Residential Portable Generator Market Challenge in the US
The availability of portable solar-powered generators will be a major challenge for the residential portable generator market in the US during the forecast period. Availability of portable solar-powered generators Gas-powered generators cannot be used in remote locations that do not have supply and during power outages as the gas pumps cannot work. Hence, portable solar-powered generators are preferred for such applications. Heavy-duty solar-powered generators can provide several hours of backup for residences, excluding heating, ventilation, and air conditioning (HVAC) systems. However, such generators are not suitable for long-term daily use. Solar-powered generators require more space than conventional generators. The operation of solar-powered generators also requires expertise. Several companies that manufacture solar-powered generators are focusing on addressing such issues. The elimination of such issues will be a challenge for the growth of the residential portable generator market in the US during the forecast period.
This residential portable generator market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the residential portable generator market in US during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the residential portable generator market in US encompasses successful business strategies deployed by the key vendors. The residential portable generator market in US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Briggs & Stratton Corp. - The company offers a wide range of residential portable generators such as EU2200i, EU2200i Camo, EU2200i Companion, EU3000i Handi, EU3000iS, EU7000iS, and other generators.
Briggs & Stratton Corp. - The engines segment offers a range of gasoline engines and power solutions to OEMs which serve commercial and residential markets primarily for lawn and garden equipment applications.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The residential portable generator market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain, and parent market of the residential portable generator market in the US which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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