Portable Generator Market Synopsis:
According to Market Research Future (MRFR)’s study, the global portable generator market has been projected to expand at 4.15% during the forecast period 2017 to 2023. The assessment suggests that the market is anticipated to scale a substantial valuation over the review period. The towering demand for power generation in conjunction with frequent power outages are expected to propel the expansion of the global market in the forthcoming years. In addition, the rising industrial, as well as commercial applications, are also projected to aid the expansion of the market over the next few years.
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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.
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.
Mobile generators offer a continuous and reliable supply of power and electricity even in adverse weather conditions which are anticipated to augment the portable generators market over the next couple of years. In addition, key players are leveraging renewable energy sources for capitalizing the growing consumer base. The growing awareness about depleting sources of energy is likely to favor expansion of the market in the upcoming years.
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.
By power rating, the global Portable Generator Market has been segmented into less than 3KW, 3KW-10KW, and above 10 KW.
By application, the portable generator market has been segmented into base load, standby power, and peak shaving.
By End-User, the global portable generator market has been segmented into industrial, commercial, and residential.
By fuel type, the portable generator market has been segmented into gas, diesel, and others.
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.
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Brief Table of Content of Portable Generator Market
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Process
2.4 Market size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Portable Generator Market, By Fuel Type
6 Global Portable Generator Market, By Power Rating
6.2 Less than 3KW
6.3 3 KW – 10KW
6.4 Above 10 KW
7 Global Portable Generator Market, By Application
7.2 Base Load
7.3 Stand by Power
7.4 Peak Shaving
8 Global Portable Generator Market, By End-Use
9 Global Portable Generator Market, By Region
10 Competitive Landscape
11 Company Profile
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