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 market is likely to flourish in developing nations over the
next couple of years owing to rising demand for energy, coupled with rising
disposable income. A detailed
analysis report of COVID-19
impact on Portable Generator Market is provided with the report.
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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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.
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.
Latest Industry News:
In August 2019, Anker, a
Chinese electronics brand, has announced the availability of its outdoor
portable generator at a slashed price on Amazon.
Browse Summary of Portable Generator Market Research
Report at: https://www.marketresearchfuture.com/reports/portable-generator-market-5854
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