United States Power Equipment Market Growth, Size, Trends, and Forecast 2025–2033

The United States Power Equipment Market is set to grow strongly, expanding from US$ 8.96 Billion in 2024 to US$ 13.85 Billion by 2033, according to Renub Research. This reflects a CAGR of 4.96% between 2025 and 2033, signaling sustained, economy-wide demand for modern, efficient, and resilient power systems. Whether driven by extreme weather events, rising urbanization, large-scale construction, or the national transition toward renewable energy, the power equipment sector is experiencing one of its most transformative phases in decades.

Today, power equipment—ranging from generators, power cables, and transformers to solar components, hydro turbines, and storage systems—is not simply an industrial necessity; it is the backbone of America’s economic resilience. From suburban homes installing backup generators to utility-scale solar plants connecting to the grid, the sector meets the growing need for reliable, continuous, and sustainable power.

United States Power Equipment Market Outlook

Power equipment refers to electrical, battery-operated, or fuel-powered tools and systems used across construction, landscaping, manufacturing, energy, and residential sectors. These include:

Generators

Lawn and garden machinery

Power drills, saws, and industrial tools

Power cables, transformers, switchgears, and circuit breakers

Solar panels, inverters, and hydro turbines

Professionals rely on heavy-duty tools such as excavators and bulldozers at construction sites, while households depend on electric trimmers, leaf blowers, drills, and home power systems for maintenance and improvement projects. Across the U.S., power equipment enhances productivity, saves labor hours, and delivers superior work quality—making it indispensable in sectors like agriculture, infrastructure, manufacturing, residential maintenance, and energy production.

Key Growth Drivers in the United States Power Equipment Market

1. Infrastructure Expansion and Urbanization

The U.S. is undergoing one of its largest infrastructure overhauls in history. The Infrastructure Investment and Jobs Act (IIJA) has deployed massive capital into transportation, energy, and urban modernization.

As of November 2024, over $568 billion of IIJA funding had been obligated across 66,000+ state-level projects, including roads, bridges, airports, rail, and EV charging systems.

These projects depend on heavy-duty power equipment—generators, advanced cables, transformers, compressors, and mobile machinery—to ensure 24/7 operations in demanding environments.

Urbanization also fuels demand for smart, energy-efficient power equipment, especially for grid upgrades and high-density commercial building projects.

2. Shift Toward Renewable Energy Integration

America’s transition to renewable energy is reshaping the power equipment landscape. Solar, wind, and hydro installations require complex infrastructure—inverters, advanced cables, batteries, controllers, and grid connection systems—that boost demand across both residential and utility sectors.

Policies like:

Federal tax credits

State-level renewable mandates

Decarbonization targets

encourage businesses and households to adopt clean energy systems.

A recent milestone illustrates this momentum:

In February 2025, SolAmerica Energy and Radiance Solar launched the Stephenson S1 Solar Project—a 2.86 MW site in Freeport, Illinois, marking Radiance’s 26th community solar project in the state. Projects like this accelerate demand for solar power equipment and associated grid infrastructure.

3. Growing Residential and Backup Power Demand

The rising frequency of extreme weather—hurricanes, wildfires, heatwaves, and winter storms—has accelerated nationwide adoption of backup generators, battery storage, and home solar systems.

Remote work has further increased dependence on uninterrupted electricity. Households are upgrading home power systems to protect appliances, data connectivity, and EV charging infrastructure.

In addition:

The U.S. refining capacity reached 18,248 thousand barrels/day in 2023, with more expansion underway—a sign of increasing industrial electricity needs and backup equipment demand.

Challenges in the United States Power Equipment Market

High Capital and Maintenance Costs

Advanced power equipment—solar arrays, hybrid generators, grid-scale batteries, or hydro systems—requires:

Significant upfront investment

Ongoing maintenance

Skilled technical support

Even with financing options, high interest rates and installation costs can discourage adoption among small businesses and low-income households.

Supply Chain & Regulatory Uncertainty

The sector relies heavily on global supply chains for:

Semiconductors

Metals

Processed materials

Electronic components

Geopolitical tensions, shipping delays, and material shortages create price instability. Meanwhile, evolving regulations on emissions, efficiency, and safety push manufacturers toward frequent redesigns, raising production costs and complicating long-term planning.

United States Power Equipment Market — Key Segments

1. Generator Power Equipment Market

Generators remain essential across hospitals, industrial sites, commercial buildings, telecom hubs, and homes. Rising grid instability and extreme weather conditions continue to push demand higher.

Modern consumers prefer:

Fuel-efficient models

Low-emission generators

Hybrid and inverter-based systems

Industries invest heavily in generators to ensure business continuity—especially in manufacturing, data centers, and critical infrastructure.

2. Power Cable Equipment Market

Power cables are the arteries of America’s electricity infrastructure. Their demand is driven by:

Renewable energy interconnections

Transmission & distribution upgrades

Smart grid expansion

Urban and suburban growth

Manufacturers are innovating with high-capacity, low-loss, and long-lifespan cable technologies, supporting the push for a modernized grid.

3. Solar Power Equipment Market

One of the fastest-growing segments in the U.S.

Key equipment in demand:

Solar panels

Microinverters & central inverters

Energy storage systems

Smart meters & controllers

As solar costs continue to decline, commercial and residential adoption is accelerating, especially in states like California, Texas, Arizona, and New York.

4. Hydro Power Equipment Market

Hydropower remains one of America’s largest and most stable renewable energy sources. Equipment demand comes from:

Large hydropower projects

Upgrades to aging dams

Small-scale rural hydro systems

Producers benefit from long equipment lifecycles and guaranteed demand from modernization projects.

5. Residential Power Equipment Market

Homeowners are investing in:

Backup generators

Solar panels

Battery storage

EV charging equipment

Smart home power systems

As EV adoption grows, residential electrical infrastructure upgrades are becoming widespread, creating long-term market potential.

6. Power Generation Equipment (Commercial & Utility)

At the industrial and utility levels, demand is driven by:

Turbines

High-capacity generators

Control systems

Grid-scale renewable equipment

Modernization of thermal plants

New renewable installations

This segment benefits from strong federal incentives, long-term contracts, and nationwide grid transition plans.

State-Level Market Highlights

Washington

A hydropower-rich state, Washington invests heavily in:

Turbines

Grid modernization

Storage solutions

Backup systems

Frequent weather-related disruptions also increase demand for residential power backup.

California

The U.S. leader in renewable energy adoption. Drives large-scale demand for:

Solar components

Backup generators

Storage systems

Smart grid equipment

The state’s wildfire season and rolling blackouts further amplify residential and industrial power equipment needs.

New York

A dense, urban-driven market with strong focus on:

Grid upgrades

Backup power for hospitals and financial institutions

Smart grid programs

Renewable integration

Recurring storms increase demand for residential backup solutions.

Market Segmentations

Equipment Type

Generator

Transformer

Switchgears

Circuit Breakers

Power Cable

Others

Power Generation Source

Fossil Fuel

Solar

Wind

Nuclear

Hydro

End-User

Residential

Industrial & Commercial

Utility

Application

Power Generation

Transmission

Distribution

Top States Covered

California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, Washington, North Carolina, Massachusetts, Virginia, Michigan, Maryland, Colorado, Tennessee, Indiana, Arizona, Minnesota, Wisconsin, Missouri, Connecticut, South Carolina, Oregon, Louisiana, Alabama, Kentucky, and the Rest of the United States.

Key Players (With 5 Viewpoints Framework)

General Electric Company

Siemens AG

Schneider Electric SE

Mitsubishi Electric Corporation

Eaton Corporation plc

Honeywell International Inc.

Bharat Heavy Electricals Limited

Crompton Greaves Ltd.

Rockwell Automation, Inc.

Each company analysis includes:

Company Overview

Key Executives

Recent Developments

SWOT Analysis

Revenue Analysis

Final Thoughts

The United States Power Equipment Market stands at a critical intersection of economic expansion, technological innovation, and environmental change. The push toward renewable energy, the need for backup power, and unprecedented infrastructure modernization will define the next decade of growth.

With a projected market size of US$ 13.85 Billion by 2033, rising from US$ 8.96 Billion in 2024, the sector is primed for strong, long-term expansion. Companies that invest in innovation—especially in smart grid technologies, sustainable power solutions, and advanced storage—will shape the future of America’s energy landscape.