The North America portable generator market reached a value of US$ 1.02 Billion in 2018. Portable generators, commonly known as engine-generators, are internal combustion engines that provide electricity to vital devices during power shortages. These devices run on a fuel-powered engine, which converts an on-board alternator for generating power. Portable generators are suitable for places where power outages are frequent to keep essential devices running in homes, corporate buildings, restaurants, construction sites, etc.
North America portable generator market is currently being driven by several factors. Portable generators are low-priced alternatives to standby generators. Their installation and operating costs are minimal, which makes them an ideal option for residents, small-businesses and campsites. Moreover, the increased dependency on interconnected technology systems and growth in the adoption of multipurpose power generation systems have further spurred the demand for portable generators around the region. Apart from this, the region has been witnessing an increase in the number of weather-related power outages owing to natural calamities, such as heat waves and hurricanes, which disrupts the power supply for residential and commercial users. Looking forward, IMARC Group expects the market to reach a value of US$ 1.41 Billion by 2024, registering a CAGR of 6.7% during 2019-2024.
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