Portable
Generator Market Synopsis:
The
insufficient supply of power and energy has led to increasing cases of power
outages. This, in turn, has boosted the sales of portable generators in recent
years. Market Research Future (MRFR), in its latest analysis, has asserted that
the global portable generator market is poised to register 4.15% CAGR over the
evaluation period 2017 to 2023. The Portable
Generator Market Share is likely to flourish in developing nations over
the next couple of years owing to rising demand for energy, coupled with rising
disposable income.
Increasing
standards of living, in conjunction with rapid urbanization, is anticipated to
propel the expansion of the portable generator market in the years to come. In
addition, the rising demand from the industrial sector is also projected to
favor the growth of the global market across the review period.
The
increasing implementation of strict regulations for controlling emissions is
likely to motivate product innovations in the global portable generator market
in the forthcoming years. In addition, technological developments are also
poised to drive the expansion of the market over the next few years. Rapidly
increasing demand for residential purposes is expected to lead the growth
trajectory of the market across the assessment period. Thus, increasing
infrastructure projects are poised to resonate growth opportunities for the
participants of the portable generator market in the nearby future.
Global
Portable Generator Market Segmentation:
by
Power Rating, the segmental analysis of the global portable generator market has
identified - less than 3KW, 3KW-10KW, and above 10 KW.
Application
based segments of the portable generator market include standby power, base
load, and peak shaving.
The
end-user segments profiled in the study of the global portable generator market
are commercial, industrial, and residential.
By
fuel type, the portable generator market has been segmented into diesel, gas,
and others.
Regional
Analysis:
The
global portable generator market is assessed on a regional and country-level
basis in this MRFR report. The regional segments profiled in this report are –
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North
America is anticipated to hold the largest share of the global portable
generator market over the next couple of years. Rising demand for uninterrupted
power supply from the industrial sector is projected to emerge as the primary
driving factor of the portable generator market in the region. The U.S. is the
most prominent country-level market in the region and is anticipated to earn
the highest revenues in the years to come. Asia Pacific is also poised to
benefit from the rapidly developing industrial sector. Rising cases of power
outages in the region are forecasted to drive the growth of the portable
generator market over the projection period. the markets in China and India are
presumed to catalyze the growth of the regional segment in the nearby future.
Competitive
Dashboard:
SmarterTools
Inc. (U.S.), Briggs & Stratton Corporation (U.S.), Honda Motor Co., Ltd
(Japan), Generac Power Systems, Inc. (U.S.), Caterpillar Inc. (U.S.), Yamaha
Motor Corporation (Japan), Cummins, Inc. (U.S.), Eaton Corporation Plc
(Ireland), Kohler Co. (U.S.), Champion Power Equipment, Inc. (U.S.), MTU Onsite
Energy (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Wacker
Neuson Group (Germany), and Atlas Copco (Sweden) are the major players
operating in the global portable generator
market.
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