Portable Generator Market Overview
During the projected 2022–2030, the Portable Generator Market is expected to grow at 6.08% CAGR during forecast period 2022-2030.
A gas-powered engine within portable generators produces electricity via an onboard alternator. The unit's electrical outlets may accommodate extension cords, electric-powered equipment, and similar appliances. The number of outlet combinations increases with generator power. The market for portable generators is expanding due to rising demand for affordable and diesel-powered units, a preference for natural gas-powered units, and increasing knowledge about portable generators. On the other hand, the short duration of the power supply and severe environmental regulations regulating the emission of dangerous gases from diesel generators are market restraints for portable generators.
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Report Attribute/Metric
Details
CAGR
6.08% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022 to 2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Power Rating, Application, End-User, Fuel Type
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Portable generators are now essential for power backup due to the prevalence of power outages. As the world grows more industrialized, it is only anticipated to rise. Portable generators are often used as a power backup in residential areas and homes. Thus, the market for portable generators is expanding due to increased urbanization and industry.
Market Segment
The market for portable generators has been divided into segments based on area, end-user, application, fuel type, and power rating. The market is divided into three categories based on application: base load, standby power, and peak shaving. One of these is standby power, a significant market application sector. A standby power plant is an electrical power-producing facility that only runs when the distribution system's electricity supply is interrupted.
The market has been divided into diesel, gas, and other fuel types. 2016 saw the biggest market share for the fuel category. During the projection period, it is anticipated to grow at the highest CAGR, largely due to strict environmental regulations that limit the release of dangerous gases from diesel generators. Others in terms of fuel include propane, LPG, and biodiesel.
The market has been divided into industrial, commercial, and residential segments based on end-user segments. Due to the rising demand for in-home power backup, the residential segment made up the bulk of the market. The market is divided into three categories based on power ratings: less than 3 KW, 3 KW–10 KW, and above 10 KW. During the forecast period, the less than 3kW portable generators market is anticipated to expand at a high CAGR.
Regional Analysis
According to region, the market has been split into North America, Europe, Asia Pacific, and the Rest of the World. The market for portable generators worldwide is dominated by North America. The region's energy market is expanding as a result of the region's aging grid infrastructure, frequent natural disasters, and steadily rising industrial sector demand. The U.S. dominates both the North American and international markets for portable generators. During the projected period, the Asia Pacific region is anticipated to grow at the highest CAGR, largely due to factors including the ongoing expansion of building and development activities. China, India, Japan, and Thailand are major participants in the Asia Pacific market.
Industry News
The market for portable generators is undergoing a significant shift due to technological advancements. The leading manufacturers of portable generators, including Honda, Ryobi, DeWalt, Ego Power, and Nexus, have introduced the most recent models with reliable and cutting-edge technology.
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Key Players
- Honda Motor Co. Ltd (Japan)
- Briggs & Stratton Corporation (U.S.)
- Generac Power Systems Inc. (U.S.)
- Yamaha Motor Corporation (Japan)
- Caterpillar Inc. (U.S.)
- Cummins Inc. (U.S.)
- Kohler Co. (U.S.)
- Eaton Corporation Plc (Ireland)
- Champion Power Equipment Inc. (U.S.)
- Siemens AG (Germany)
- MTU Onsite Energy (U.S.)
- Honeywell International Inc. (U.S.)
- Wacker Neuson Group (Germany)
- SmarterTools Inc. (U.S.)
Read More:
https://tw.artemislena.eu/noronha_shane/status/1607229121704361989
https://twitter.076.ne.jp/noronha_shane/status/1607229203786895361
https://twitter.beparanoid.de/noronha_shane/status/1607229282883100672
https://twitter.censors.us/noronha_shane/status/1607229434448470017
https://twitter.dr460nf1r3.org/noronha_shane/status/1607229564228636672
COVID-19 Impact Analysis on Portable Generator Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the portable generator market include Atlas Copco, Briggs & Straton, Caterpillar, Champion, Eaton, Honda, Kohler, Kubota, Siemens, Yamaha.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Portable Generator Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/portable-generator-market/download-sampleMarket Dynamics Key factors driving the portable generator market are increasing demand for continuous power supply in domestic and commercial spaces, affordability in comparison to stationary generators, and improved design to deliver greater efficiency.
Besides, increasing incidence of disruption in power supply resulting in prolonged power outages and increasing use of the portable generator in construction sites will also boost demand for portable generators.
However, lack of sound insulation, the presence of alternative power backup solutions such as solar generators, UPS, inverters, and strict government rules to restrict carbon emission will impede portable generator market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Industry Overview of the Portable Generator Market 2020The research report titled Global Portable Generator Market is an all-inclusive document containing crucial data pertaining to sales and revenue of the Portable Generator industry.
The report provides historical data (2017-2018) of the industry and provides valuable forecast information for the period of 2020-2027.
The report is formulated with the analysis of current and emerging trends based on the impact of the COVID-19 pandemic.
The pandemic has changed the dynamics of the market and has drastically shaken up the economic scenario of the world.
@ https://www.reportsanddata.com/sample-enquiry-form/942The forecast estimation states the global Portable Generator market is expected to dominate the economic sphere of the world with significant growth in the coming years.
The current and emerging trends are expected to shape up the industry and help in gaining a strong foothold in the global market to contribute to the revenue generation.The Global Portable Generator market is further analyzed on the basis of key companies operating in the business sphere and major geographical regions where the market has a substantial size and growth rate.Prominent Players:AKSA Power GenerationBriggs & Stratton CorporationCaterpillar Inc.Cooper CorporationCummins Inc.Doosan CorporationGenerac Power SystemsGeneral Electric CorporationHonda Power EquipmentKirloskar Oil Engines LimitedKohler Co.Kubota CorporationMahindra PowerolMitsubishi Heavy Industries Ltd.,MTU Onsite EnergyPortable Generator Market Analysis, by Fuel TypeGasDieselAlternative FuelDual FuelPortable Generator Market Analysis, by Capacity/Rating0-100 kVA100-350 kVA350-1000kVAAbove 1000kVAPortable Generator Market Analysis, by End-UseResidentialCommercialIndustrialOthersZonal Partition of the Market: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.The report covers extensive analysis of market segments that are anticipated to lead by the end of the forecast period (2020-2027).
