Global Portable Generator Market I

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Global Portable Generator Market i

Global Portable Generator Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 6.8 % during a forecast period.

Global Portable Generator Market Overview

 

A portable generator also referred to as a generator, is a power generator constructed for various purposes. The main advantage of these generators is that they do not have to be installed in one location and can be moved around as needed. It is mostly used to supply energy during power outages or when electricity is required temporarily while camping or participating in other recreational activities.

 

Global Portable Generator Market

 

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The market is primarily influenced by the increasing demand for portable generators in the construction industry, which has aided in the market's development. The portable generators are used in operations to powered air hammers, power drills, and other instruments. Also, industries like automobiles, oil and gas, information technology, and agriculture depend on electricity to function different operations. This has increased electricity consumption, which is driving the growth of the market. Similarly, in developing countries, power transmission grids are not being properly modernized, which is creating demand for portable generators. This growing need for a continuous and reliable source of energy in advanced or developing countries is anticipated to boost the global market for portable generators over the forecast period.

 

Additionally, the rising demand for portable generators powered by biofuel, a sustainable energy source is growing due to increasing awareness of global warming. Biofuel has chemical properties that are comparable to those of petroleum-based fuels, thus it may be used as a direct replacement for Portable fuel. This in turn is creating opportunities for the market during the forecast period.

 

Environmental restrictions that limit carbon emissions are a major challenge to market growth. The emission performance of portable generators is governed by federal, state, and municipal laws. Additionally, every portable generator manufacturer, importer, and assembler is required to have a Type Approval Certificate for each generator.

 

The electricity generated by gensets can only be utilized for temporary or emergency purposes and cannot be used to replace utility power. Generators can only manage a certain amount of load; for larger loads, higher-power generators or additional generators are necessary. As the load grows, so does the size of the portable generator, which has an impact on mobility.

Global Portable Generator Market Segmentation Analysis

 

By Power Rating, The 5 – 10 kW segment held the largest market share of 45% in 2020. This growth is mainly attributed to the residential application for powering up air conditioners, television, lights, pumps, drills, high-pressure washers, and industrial motors. Also, 10 kW and 15 kW segments are expected to register significant growth during the forecast period. The increasing awareness regarding portable power backup for outdoor activities is driving the growth of this segment.

 

By Fuel, in 2020, the gasoline category maintained the greatest market share of 40%. This growth may be ascribed to its compatibility with compact engines, as well as the fact that gasoline is easily accessible; being less expensive, it also allows for a quicker start of the engine.

 

During the projected period, portable generators are predicted to expand at a CAGR of more than 3.5 percent.

 

Global Portable Generator Market 1

 

By Application, The residential segment held the major share of 42% in 2020. This growth is mainly due to the frequent power outages in developing countries owing to the inadequacy of the power generating structure. Portable generators are used for various activities such as family functions, picnics, and camping.

 

Global Portable Generator Market 2

 

In the industrial segment, portable generators are used in construction, drilling, and mining sites where continuous electric power is required for various operations. Government efforts in India, such as foreign direct investment in several industries and the Make in India program, are projected to provide the industrial segment with development possibilities.

Global Portable Generator Market Regional Analysis

 

Asia Pacific held the major share of XX% in 2020. In addition to increasing energy demand imbalance and rapid development of commercial office space, the growing number of Chinese industrial facilities and infrastructure projects are projected to boost market growth across China. Based on current government programs such as smart cities and green building initiatives, India and China are increasingly demanding portable generators throughout the projection period. Portable generators for several outdoor events and activities are utilized by small establishments in the Asia Pacific. It is likely to remain the dominant region during the forecast period.

 

North America is the second-largest market for portable generators. The need for portable generating systems in the region has grown, in line with the continuous growth of data centers and other commercial uses. The demand for backup power solutions has therefore grown. A lack of electricity, natural gas penetration, and high energy peaks drive the mobile generators market.

 

Global Portable Generator Market 3

 

The objective of the report is to present a comprehensive analysis of the Global Portable Generator Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

 

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

 

The report also helps in understanding Global Portable Generator Market dynamics, structure by analyzing the market segments and project the Global Portable Generator Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Portable Generator Market make the report investor’s guide.

Global Portable Generator Market Scope: Inquire before buying

 

Global Portable Generator Market 4

Global Portable Generator Market by Region

 

  • North America
  • Asia pacific
  • Europe
  • Middle East and Africa
  • South America

Global Portable Generator Market Key Players

 

  • Yamaha Motor Co., Ltd.
  • Honda Siel Power Products Limited
  • Kohler Co
  • Atlas Copco (Sweden)
  • Briggs & Stratton (US)
  • Generac (US)
  • Yamaha (Japan)
  • Caterpillar (US)
  • Cummins (US)
  • Eaton (Ireland)
  • Honeywell (US)
  • Siemens (Germany)
  • Wacker Neuson (Germany)
  • Kubota (Japan)
  • Kohler (US)
  • Champion (US)
  • Himoinsa (Spain)
  • Duromax (US)
  • Loncin (China)

 For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-portable-generator-market/1154/

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