Portable Generator Global Market Size, Share, Current Trends, Comprehensive Analysis and Industry Top Key Players Growth Analysis Report by Forecast to 2023

Portable Generator Market projected to grow at a CAGR of 4.15% by 2023
Portable Generator Market projected to grow at a CAGR of 4.15% by 2023 | Global Portable Generator Market by Power Rating , by Application , End-User, Fuel Type, and Region

Market Overview:-

Portable generators are used to supply electricity for the operation of small electrical appliances in the event of a power outage. Rapid increase in the demand-supply gap of electric power in developing economies is driving the growth of the Portable Generators Market. Similarly, increasing number of live commercial events is fuelling the growth of the market. The major players in the market are hugely investing in R&D and coming up with technologically advanced products, which is positively influencing the growth of the market. However, growing adoption of energy storage technologies and stringent emission regulations for diesel engines are the factors that may hamper the growth of the market.

Designed to offer temporary AC power for stand-alone, non-hardwired applications, portable generators are backup devices which work by using supplied fluids such as gas or diesel. While low-end models support a few basic home appliances, the high-end models provide power backup to the entire house. Owing to easy installation and low cost, commercial and infrastructure sectors also employ portable generators.

 

Industrial Developments:-

Larson Electronics has released its 9000-Watt air-cooled gas powered portable generator with an electric start to offer standalone power for equipment and lights where line power is not available. The unit allows up to 9 hours of run time on a single tank of fuel.

Larson Electronics also released air cooled 9000-Watt generator with 15 horsepower which is powered by gasoline and operates on 120/240 volts AC with optional 12 volts DC. This portable generator is equipped with 7 outlets including 2 twist locks, 1 charger, and four 3-prong outlets. It has been mounted on a wheeled base for easy movement.

 

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5854 

 

Leading Key Players:-

The key players in global portable generator market are 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.), and Atlas Copco (Sweden).

 

Market Segmentations:-

Based on end-user segment, the market has been segmented into industrial, commercial, and residential. The residential segment accounted for the largest segment mainly due to increasing demand for in-house power backup. Based on the power rating, the market is segmented into less than 3KW, 3 KW-10KW, and above 10 KW. The less than 3kW portable generators segment is likely to grow at a healthy CAGR during the forecast period. Increase in awareness among consumers regarding in-house power backup and rise in need for portable power systems in outdoor recreational activity driving the demand for the segment. Generators with power rating more than 10kW power are widely used in industrial sector, owing to the need for greater power supply to run machines and industrial tools, which, in turn, is projected to drive the portable generators market.

 

Scope of the Report:-

This study provides an overview of the global portable generator market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the portable generator market by its fuel type, power rating, application, end-user, and region.

By Fuel Type

  • Diesel
  • Gas
  • Others

By Power Rating

  • Less than 3KW
  • 3 KW – 10KW
  • Above 10 KW

By Application

  • Base Load
  • Standby Power
  • Peak Shaving

By End-User

  • Industrial
  • Commercial
  • Residential

By Regions

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

 

Browse Complete Report @ https://www.marketresearchfuture.com/reports/portable-generator-market-5854 

 

Regional Segmentation Analysis:-

Asia Pacific is anticipated to show the highest CAGR during the forecast period, owing to some major factors like the continuous growth of developmental and constructional activities. Japan, China, Thailand, and India are the prominent contributors to the Asia Pacific market, where China accounts for the highest market share due to the rapid urbanization and industrialization.

Latin America is expected to contribute significantly to the market over the forecast period. High growth in construction activities and easy availability of fossil fuels is impacting the growth of the market positively.

Geographically, the market for portable generator has been segmented into Europe, North America, Asia Pacific and Rest-of-the-World (RoW).

North America has been projected to dominate the global market for portable generator. Natural calamities and aging grid structure causes frequent power cut. Also, growing demand from the industry sector is fuelling the growth of the market in North American region. U.S. is the largest contributor not only in North America but also across the globe.

 

 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/portable-generator-market-5854