The Portable Generators Global Market Report 2023 by The Business Research Company, provides portable generators market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Portable Generators Global Market Report 2023, the global portable generators market size grew from $5.09 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global portable generators is expected to grow to $8.47 billion in 2027 at a CAGR of 10.7%.
The growing rate of urbanization coupled with the increasing frequency of power grid failures is propelling the growth of the portable generators market. Electricity is key to the economic progress of a nation but many countries in the world do not have proper grid infrastructure due to which there is an inadequate power supply which hampers operations of residential and industrial spaces. Portable generators help provide a reliable power supply during a blackout and ensure continuous electricity supply for residential applications, as well. Moreover, rising concerns about power instability in the residential sector due to natural calamity, and uninterrupted operations are also driving the portable generator market.
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The portable generators market is segmented:
1) By Fuel Type: Diesel, Gas, Other Fuel Types
2) By Product Type: Conventional Portable Generator, Inverter Portable Generator
3) By End-User: Residential, Commercial, Industrial
The use of bi-fuel portable generators is a key trend gaining popularity in the portable generators market. Portable generator manufacturers have been working on technological advancements to help develop bi-fuel technology. Bi-fuel portable generators provide fuel efficiency by making use of two fuel types, generally utilizing both diesel and natural gas, providing extended running times and significant reliability. These generators are scalable and reduce the costs of storing and managing large quantities of diesel fuel. Furthermore, governments are implementing strict regulations primarily for diesel fuel-powered engines. Bi-fuel portable generators are more environmentally friendly emitting far less NOx and particulate matter than a standard diesel generator. For instance, Generac’s Bi-Fuel™ are EPA certified and emit about 30% fewer nitrogen oxides and 50% less particulate matter than comparable diesel-only units.
The portable generators market report table of contents includes:
1. Executive Summary
2. Portable Generators Market Characteristics
3. Portable Generators Market Trends And Strategies
4. Portable Generators Market - Macro Economic Scenario
5. Portable Generators Market Size And Growth
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26. Africa Portable Generators Market
27. Portable Generators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Portable Generators Market
29. Portable Generators Market Future Outlook and Potential Analysis
30. Appendix
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The global Portable Generators market study presents a careful compilation of the historical, current, and future outlook of the said market as well as the factors that are responsible for such development of the market.
In an effort to provide the users of this report with a comprehensive view of the global Portable Generators market, experts have made an inclusion of a detailed discussion on and analysis of the diverse product portfolio and competitive vendor landscape of each of the leading players spread across different territories of the world.
The report study also includes both PESTEL analysis and SWOT analysis of the industry.
The report also adds an analysis of market attractiveness, in which all of the market segments have been benchmarked based on general attractiveness, their rate of growth, and size of the market.Analysts at Fact.MR have highlighted the opportunities, threats, weaknesses, and strengths of each of the players in the global Portable Generators market.
In addition to that, the study makes an emphasis on the pattern of adoption of Portable Generators product / services across various industries.
According to the latest report by Fact.MR, the global portable generators market is expected to witness steady growth, registering 5.1% CAGR during 2017-2022.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=275The Portable Generators market report highlights and analyses the following players:Champion Power EquipmentBriggs & Stratton CorpGenerac Power Systems, Inc.Kohler Co. Inc.Honeywell International IncThe Portable Generators market report conducts examination of the operating pattern of each of the market players – acquisitions, launch of new product launches, collaborations, and partnerships – has been investigated into detail.The ongoing global pandemic, COVID-19, has affected the global Portable Generators market adversely.
Crisis generators may span a range of generator forms, grades, fashions, and types.
Many variants of portable generators and standby generators serve our customers within a"emergency" capability, Click here to find out more about:https://portableenergygurus.com
Are you looking for a portable generator with alternate fuel options which offers you the best solution?
These types of generators are also highly suitable for areas with fluctuating fuel prices and inconsistent fuel availability.
Then, check out the top 8 Tri-Fuel Portable Generators at 10Bestranked.com and get to know about their specialties.
