Us Emergency Backup Generators Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Emergency Backup Generators Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 8.6 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
The U.S. emergency backup generators market is experiencing significant growth, driven by increasing power outages and a heightened need for reliable energy solutions. In 2023, the market was valued at approximately $6.10 billion and is projected to reach $10.26 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.03%.
Several factors contribute to this upward trend:
Frequent Natural Disasters: The rise in hurricanes, wildfires, and other extreme weather events has led to a surge in demand for backup power solutions. For instance, Generac Power Systems reported a significant increase in generator sales following recent hurricanes, prompting the creation of hundreds of new jobs in their Wisconsin and South Carolina facilities.
Aging Power Infrastructure: The deteriorating U.S. power grid has resulted in more frequent outages, prompting both residential and commercial sectors to invest in standby generators to ensure uninterrupted power supply.
Technological Advancements: Innovations in generator technology, such as portable and inverter generators, offer more efficient and eco-friendly options, appealing to a broader range of consumers.
Personal experiences highlight the practical considerations in this market. One user shared their journey of purchasing a used 30kW diesel generator for $10,000, noting that new units of similar capacity could cost between $25,000 and $40,000. This underscores the importance of cost considerations and the potential value in exploring used equipment options.
However, challenges persist. High initial costs and maintenance requirements can deter potential buyers. Additionally, environmental concerns regarding emissions from diesel generators are prompting a shift towards cleaner energy sources, such as natural gas and solar-powered generators.
In summary, the U.S. emergency backup generators market is poised for continued growth, driven by the increasing need for reliable power solutions amidst a backdrop of aging infrastructure and frequent natural disasters. As technology advances and consumer awareness grows, the market is expected to evolve, offering more efficient and sustainable options to meet diverse energy needs.
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Generac
Honda Power
Briggs & Stratton
KOHLER
Champion
Yamaha
TTI
United Power Technology
Cummins Power Systems
Eaton
Wacker Neuson
Honeywell
Hyundai Power
Sawafuji
Scott's
Pramac
HGI
Mi-T-M
Guangzhou Wanon
Xinyuan
Senci Electric Machinery
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Emergency Backup Generators Market
Portable Generators
Standby Generators
Inverter Generators
Solar-Powered Generators
Gasoline
Diesel
Propane
Natural Gas
Biodiesel
Below 5 kW
5 kW to 10 kW
10 kW to 20 kW
Above 20 kW
Residential
Commercial
Industrial
Healthcare Facilities
Emergency Services
Conventional Generators
Digital Inverter Generators
Hybrid Generators
Battery-Integrated Generators
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Emergency Backup Generators Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Emergency Backup Generators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Emergency Backup Generators Market, By Type
6. Global Emergency Backup Generators Market, By Application
7. Global Emergency Backup Generators Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Emergency Backup Generators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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