North America Air-Cooled Generators Market Size, Share & Trends Analysis Report By Type (Portable and Stationary), By System (Enclosed System and Open Ventilated System), By End User (Residential, Industrial, and Others) By Country and Growth Forecast, 2023 - 2030
The North America Air-Cooled Generators Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 398.98 thousand units, showcasing a growth of 4.8% (2019-2022).
Portable generators are compact and lightweight, making them easy to transport and deploy in various settings. They are particularly popular for outdoor activities such as camping, tailgating, and outdoor events, where access to electrical power may be limited. Additionally, portable generators are widely used in emergency situations, providing backup power during power outages caused by natural disasters or other unforeseen circumstances. Therefore, the US Market consumed 284.94 thousand units portable generators in 2022.
The US market dominated the North America Air-Cooled Generators Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $851.3 Million by 2030. The Canada market is experiencing a CAGR of 7.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.7% during (2023 - 2030).
Air-cooled generators have become increasingly prominent in power generation, providing versatile and dependable solutions for various applications spanning multiple industries, commercial establishments, and residential settings. These generators, known for their air-cooling systems, offer unique benefits such as portability and simplicity. The adoption of these has steadily increased across various sectors and industries due to several factors driving demand for reliable backup power solutions.
Air-cooled generators are typically compact and lightweight compared to liquid-cooled models, making them easier to install in various locations. Their smaller footprint and simpler installation requirements reduce the time and effort needed to set up the generator, making them ideal for temporary or mobile applications such as construction sites, outdoor events, and emergency response operations.
The influx of urban dwellers fuels demand for residential properties, including apartments, condominiums, townhouses, and single-family homes. As per the data from Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Hence, rising residential construction and expansion of the region's manufacturing sector are driving the market's growth.
Based on Type, the market is segmented into Portable and Stationary. Based on System, the market is segmented into Enclosed System and Open Ventilated System. Based on End User, the market is segmented into Residential, Industrial, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Briggs & Stratton, LLC (KPS Capital Partners)
- Generac Holdings, Inc.
- Honda Motor Co. Ltd.
- Kohler Co.
- Yamaha Corporation
- Siemens AG
- Mitsubishi Heavy Industries Ltd.
- Toshiba Corporation
- Cummins, Inc.
- Baker Hughes Company
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Portable
- Stationary
- Enclosed System
- Open Ventilated System
- Residential
- Industrial
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Air-Cooled Generators Market, by Type
- 1.4.2 North America Air-Cooled Generators Market, by System
- 1.4.3 North America Air-Cooled Generators Market, by End User
- 1.4.4 North America Air-Cooled Generators Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct – 2023, Aug) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. North America Air-Cooled Generators Market by Type
- 5.1 North America Portable Market by Country
- 5.2 North America Stationary Market by Country
- Chapter 6. North America Air-Cooled Generators Market by System
- 6.1 North America Enclosed System Market by Country
- 6.2 North America Open Ventilated System Market by Country
- Chapter 7. North America Air-Cooled Generators Market by End User
- 7.1 North America Residential Market by Country
- 7.2 North America Industrial Market by Country
- 7.3 North America Others Market by Country
- Chapter 8. North America Air-Cooled Generators Market by Country
- 8.1 US Air-Cooled Generators Market
- 8.1.1 US Air-Cooled Generators Market by Type
- 8.1.2 US Air-Cooled Generators Market by System
- 8.1.3 US Air-Cooled Generators Market by End User
- 8.2 Canada Air-Cooled Generators Market
- 8.2.1 Canada Air-Cooled Generators Market by Type
- 8.2.2 Canada Air-Cooled Generators Market by System
- 8.2.3 Canada Air-Cooled Generators Market by End User
- 8.3 Mexico Air-Cooled Generators Market
- 8.3.1 Mexico Air-Cooled Generators Market by Type
- 8.3.2 Mexico Air-Cooled Generators Market by System
- 8.3.3 Mexico Air-Cooled Generators Market by End User
- 8.4 Rest of North America Air-Cooled Generators Market
- 8.4.1 Rest of North America Air-Cooled Generators Market by Type
- 8.4.2 Rest of North America Air-Cooled Generators Market by System
- 8.4.3 Rest of North America Air-Cooled Generators Market by End User
- Chapter 9. Company Profiles
- 9.1 Briggs & Stratton, LLC (KPS Capital Partners)
- 9.1.1 Company Overview
- 9.1.2 SWOT Analysis
- 9.2 Generac Holdings, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Honda Motor Co. Ltd.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Kohler Co.
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
- 9.4.2.1 Product Launches and Product Expansions:
- 9.4.2.2 Acquisition and Mergers:
- 9.4.3 SWOT Analysis
- 9.5 Yamaha Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional & Segmental Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 SWOT Analysis
- 9.6 Siemens AG
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.5.3 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Mitsubishi Heavy Industries Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Toshiba Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research and Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Cummins, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional & Segmental Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. Baker Hughes Company
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Acquisition and Mergers:
- 9.10.6 SWOT Analysis
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