Generator Sets Market Trends, Future Growth, Sales Revenue

North America Generator Sets Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S. generator sets market, in 2017 was valued over USD 4 billion. Increasing severity and frequency of weather-related disasters have significantly necessitated the adoption of generator sets across the country. For instance, in September 2017, Hurricane Maria, a Category 4 storm hit hard Puerto Rico leaving over 1.57 million electricity customers without power. As per the Edison Electric Institute, weather-related events account for over 70 percent of power outages in the U.S.

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