Transparency Market Research delivers key insights on the residential generators market in the U.S. In terms of revenue, the residential generators market in the U.S. is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the residential generators market in the U.S.
U.S Residential Generators Market – Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2020-2030
Residential Generators Market: Introduction
Transparency Market Research delivers key insights on the residential generators
market in the U.S. In terms of revenue, the residential generators market in the U.S.
is estimated to expand at a CAGR of 4.5% during the forecast period, owing to
numerous factors, regarding which TMR offers thorough insights and forecasts in its
report on the residential generators market in the U.S.
The residential generators market in the U.S. is broadly affected by several factors,
including increase in frequency of power outages due to aging electrical
infrastructure and harsh weather conditions. Furthermore, the residential generators
market in the U.S. is gaining momentum due to rise in adoption of renewable energy
sources in the country.
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U.S. Residential Generators Market: Dynamics
Power consumption in the U.S. has increased considerably over the past few years.
Strong growth of economy, rise in population, and increase in household income
have boosted the consumption of power in the U.S. Rise in infrastructure
development activities is also fueling the demand for electricity in the country. A
typical household in the U.S. uses air conditioning, electronic appliances, and
consumer electronics.
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Electricity used in households accounted for 41% of total end-use energy
consumption in 2019; of this, natural gas held 44% share of the residential sector
end-use energy consumption in the year. Petroleum was the next most-consumed
energy source in the residential sector in the U.S. in 2019. Petroleum includes fu