Global 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 Size is likely to flourish in developing nations over
the next couple of years owing to rising demand for energy, coupled with rising
disposable income.
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.
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.
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.
Read More:
No comments:
Post a Comment