Market Size of North America Portable Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Portable Generator Market Analysis
The North American portable generator market is expected to register a CAGR of more than 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. However, currently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as the ever-increasing demand for power, the need for emergency backup power solutions, and the demand for a steady power supply are driving the portable generator market in North America. Moreover, power outages have led to the adoption of standby power sources and portable generators, which can meet the requirements for reliable and regular electricity supply and be transported easily.
- On the flip side, increasing demand for battery storage systems and other cleaner sources of standby power is expected to restrain the growth of the portable generators market.
- Nevertheless, the commercial and industrial sectors of emerging economies, the residential sector of developed economies, and the increasing need for power in defense operations are expected to create significant opportunities for market participants in the North American region soon.
- During the forecast period, the United States is expected to dominate the portable generator market in the North American region.
