U.S. Generator Sales Market
1. US Generator Sales Market: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026
The U.S. generator sales market is expected to reach USD 10.1 billion by 2026, growing at a CAGR of 5.2% during the forecast period. The rising demand for power backup solutions in commercial and industrial applications is one of the major factors driving the growth of the U.S. generator sales market. In addition, the increasing number of power outages and the growing need for uninterrupted power supply are expected to fuel the market growth.
The U.S. generator sales market is categorized into three segments, namely, by end-use, by fuel type, and by power rating. The commercial end-use segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for uninterrupted power supply in commercial establishments, such as hospitals, data centers, and office buildings, is one of the major factors driving the growth of this segment.
The diesel fuel type segment is expected to grow at the highest CAGR during the forecast period. The growing preference for diesel generators owing to their lower fuel costs and higher efficiency is one of the major factors driving the growth of this segment.
The 10-500kW power rating segment is expected to grow at the highest CAGR during the forecast period. The rising demand for standby power generation in commercial and industrial applications is one of the major factors driving the growth of this segment.
Some of the major players operating in the U.S. generator sales market are Generac Holdings Inc. (U.S.), Cummins Inc. (U.S.), Kohler Co. (U.S.), Caterpillar Inc. (U.S.), and Briggs & Stratton Corporation (U.S.).
2. US Generator Sales Market: Industry Analysis
The U.S. generator sales market is estimated to grow at a CAGR of around 5% during the forecast period of 2020-2025. The major factors driving the growth of the market are the increasing demand for power generation, rising electricity consumption, and the growing construction industry.
The construction industry in the United States is one of the major consumers of generators. The sector is anticipated to grow at a CAGR of around 3% during the forecast period. The rising infrastructural development activities, such as the construction of commercial, residential, and industrial buildings, are expected to drive the demand for generators in the country.
The residential sector is also anticipated to witness a significant growth in the coming years. This is attributed to the growing number of households and the rising disposable incomes. The demand for generators in the residential sector is expected to grow at a CAGR of around 6% during the forecast period.
The commercial sector is expected to be the second-largest consumer of generators in the United States. The sector is anticipated to grow at a CAGR of around 4% during the forecast period. The rising number of office buildings, shopping malls, restaurants, and hotels is anticipated to drive the demand for generators in the country.
The demand for generators in the industrial sector is expected to grow at a CAGR of around 5% during the forecast period. The sector is anticipated to be the third-largest consumer of generators in the United States. The rising number of factories and manufacturing units is expected to drive the demand for generators in the country.
The healthcare sector is also expected to be a major consumer of generators in the United States. The sector is anticipated to grow at a CAGR of around 6% during the forecast period. The rising number of hospitals and nursing homes is expected to drive the demand for generators in the country.
The demand for generators in the transportation sector is expected to grow at a CAGR of around 4% during the forecast period. The sector is anticipated to be the fourth-largest consumer of generators in the United States. The rising number of airports, seaports, and railway stations is expected to drive the demand for generators
3. US Generator Sales Market: Industry Trends
The U.S. generator sales market has seen strong growth in recent years, driven by a number of factors including the increasing popularity of portable generators, the growing number of extreme weather events, and the expanding use of generators in the commercial and industrial sectors.
One of the most important trends driving the market is the increasing popularity of portable generators. Portable generators are increasingly being used by homeowners and businesses as a backup power source in the event of a power outage. They are also being used by campers, RVers, and other outdoor enthusiasts as a convenient way to generate power.
Another important trend driving the market is the growing number of extreme weather events. Extreme weather events, such as hurricanes and blizzards, can cause widespread power outages. This has led to increased demand for generators, as people seek to protect their homes and businesses from the effects of these events.
The expanding use of generators in the commercial and industrial sectors is also driving market growth. Commercial and industrial customers are using generators to power a variety of applications, including backup power, on-site power, and prime power. The growing demand for generators in these sectors is being driven by the need for reliable power in critical applications.
The U.S. generator sales market is expected to continue to grow in the coming years, driven by the trends discussed above. Portable generators are becoming increasingly popular, as they offer a convenient way to generate power. The growing number of extreme weather events is also driving demand for generators, as people seek to protect their homes and businesses from the effects of these events. The expanding use of generators in the commercial and industrial sectors is also expected to drive market growth.
4. US Generator Sales Market: Size and Growth
The U.S. generator sales market is expected to grow at a CAGR of over 4% during the period 2019-2024.
This market research report on the Generator Sales Market in the US covers market size, key players, growth opportunities, drivers, challenges, and more.
The US generator sales market is driven by the growing demand for backup power during power outages, the increasing need for portable power, and the rising adoption of renewable energy.
The key players in the US generator sales market are Generac Holdings Inc., Cummins Inc., and Kohler Co.
The US generator sales market is segmented by type, end-user, and region.
By type, the market is divided into portable generators and standby generators.
By end-user, the market is categorized into residential, commercial, and industrial.
By region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
The report provides a detailed analysis of the US generator sales market and offers insights on the future growth prospects.
5. US Generator Sales Market: Opportunity and Forecast 2021-2026
The U.S. generator sales market is forecast to grow at a CAGR of over 5% during the period 2020-2026.
The rising demand for power generation, coupled with the increasing need for uninterrupted power supply, is expected to drive the growth of the generator sales market in the United States. Moreover, the increasing number of natural disasters, such as hurricanes and storms, is anticipated to fuel the demand for generators, as they provide backup power during power outages.
The residential sector is expected to be the major contributor to the growth of the generator sales market in the United States, due to the rising number of households opting for generators to meet their power needs. Furthermore, the commercial sector is also anticipated to witness significant growth during the forecast period, owing to the increasing demand for uninterrupted power supply in commercial establishments, such as hospitals and data centers.
Some of the key players operating in the generator sales market in the United States include Generac Holdings Inc., Briggs & Stratton Corporation, Cummins Inc., and Kohler Co.
6. US Generator Sales Market: Key Players
The United States generator market is highly competitive with a large number of key players. The six major players in the market are Cummins, Generac, Kohler, Briggs & Stratton, Yamaha, and Honda. These companies hold a significant share in the market and are expected to maintain their position in the coming years.
Cummins is one of the leading manufacturers of generators and related products. The company offers a wide range of products for a variety of applications. Cummins generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
Generac is a leading manufacturer of generators and related products. The company offers a wide range of products for a variety of applications. Generac generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
Kohler is a leading manufacturer of generators and related products. The company offers a wide range of products for a variety of applications. Kohler generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
Briggs & Stratton is a leading manufacturer of generators and related products. The company offers a wide range of products for a variety of applications. Briggs & Stratton generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
Yamaha is a leading manufacturer of generators and related products. The company offers a wide range of products for a variety of applications. Yamaha generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
Honda is a leading manufacturer of generators and related products. The company offers a wide range of products for a variety of applications. Honda generators are available in a variety of sizes and power ratings. The company has a strong distribution network and offers its products through a network of authorized dealers and distributors.
LIST OF KEY COMPANIES PROFILED:
- Generac Power Systems (U.S.)
- American Honda Motor Corp. (U.S.)
- Caterpillar Inc. (U.S.)
- Cummins Inc. (U.S.)
- Ingersoll Rand (U.S.)
- John Deere (U.S.)
- Briggs and Stratton (U.S.)
- HiPower Systems (U.S.)
- Kohler SDMO (France)
- Wacker Neuson (Germany)
Report Scope & Segmentation
| ATTRIBUTE
| DETAILS
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| Study Period
| 2017-2028
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| Base Year
| 2020
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| Estimated Year
| 2021
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| Forecast Period
| 2021-2028
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| Historical Period
| 2017-2019
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| Unit
| Value (USD Billion)
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| Segmentation
| By Power Rating; By Fuel Type; By Application; and By End User
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| By Power Rating
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| By Fuel Type
|
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| By Application
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| By End-User
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