Portable Generator Market to 2023: Top 10 Companies, Trends, Growth Factors and Global Industry Overlook during Forecast Period
Portable Generator Market to 2023: Top 10 Companies, Trends, Growth Factors and Global Industry Overlook during Forecast Period
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 Report 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.
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