MarketResearch.biz announces publication of its most recently generated research report titled, “Global Portable Generators Market by Fuel Type (Diesel, Gasoline, and Others), by Power Ratings (Less than 5kW, 5–10kW, and Above 10kW) by End User (Residential and Commercial) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Forecast to 2028.”, which offers a holistic view of the portable generator market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2018–2022) is projected to be more than US$ 17 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period.
The portable generator is a device that is used for generating electric power in commercial, industrial, and domestic applications. In addition, generating electricity for electrifying various machinery at construction sites, some commercial events, providing additional power supply after a power outage, and others.
Browse the full “Portable Generator Market By Fuel Type (Diesel, Gasoline, And Others), By Power Ratings (Less Than 5kw, 5–10kw, And Above 10kw), By End User (Residential And Commercial), and Region – Global Forecast to 2028” report at https://marketresearch.biz/report/portable-generator-market/
Global Portable Generators Market: Dynamics
Generators are the type of backup devices which are useful at the time of emergencies, for instance, power outages and temporary loss of electricity supply. The portable generator runs on AC or DC power supply by using various fuels such as diesel, gasoline, or gas. Rising weather-related power blackouts and increasing demand for reliable and continuous power supply globally are some major factors expected to drive the global market growth over the forecast period. In addition, rapidly growing small- and medium-sized industries, the need for the regular supply of electricity for effective and efficient business operations around the globe is expected to drive the market further. Moreover, rapid urbanization, industrialization, economic growth, increasing demand for electricity or power along with an increasing frequency of failures of power grid have resulted in increased adoption of portable generators in the recent past. These portable generators are also utilized at the construction sites for the operation power tools, saws, and drills.
For instance, the International Energy Agency (IEA) estimates that by 2020, demand for electricity output will double in emerging economies. It is expected that by 2035, developing countries will account for 80% of the total growth in both energy production and consumption
A recent trend observed in the global portable generator market is that manufacturers are focusing on launching technologically advanced portable generator with a view to gain a competitive advantage over others
- In July 2018, Cummins Inc. launched generator sets powered by the QSX15G8 engine for customers in Nairobi, Kenya
- In May 2017, Caterpillar Inc. launched a new line of rental power solutions Cat XQ60 mobile diesel generator set for addressing the growing demand for backup power
- In October 2017, the company launched C125N6 and C150N6 models in the QSL8.9G Series – commercial generator set that is a fully integrated power generation system providing optimum performance, reliability, and versatility for stationary standby power applications
- In January 2017, Kohler Co., Inc. launched a full line of Maxi-Power Mobile Generators for a variety of applications, ranging in power output from 25 to 150 kVa
Growing adoption of the low-budget residential portable generator in the developing countries, along with the emergence of advanced and innovative generators in developing countries are expected to create lucrative opportunities for players operating in the global market.
Global Portable Generators Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global portable generators market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global portable generator market is expected to register a CAGR of 5.6% during the forecast period.
Global Portable Generators Market: Segmental Snapshot
The market report has been segmented on the basis of fuel type, power rating, end user, and region. The fuel type segment includes diesel, gasoline, and others. The power rating segment includes Less than 5kW, 5–10kW, and above 10kW. The end user segment includes residential, commercial, and industrial. Region includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Fuel Type: The diesel segment is estimated to account for the highest share contribution in terms of revenue in 2019, as compared to other segments, and is expected to register a CAGR of over 5.1% between 2019 and 2028
By Power Rating: The 5–10kW segment is estimated to account for the highest share contribution in terms of revenue in 2019, as compared to other segments, and is expected to register a CAGR of over 5.4% between 2019 and 2028
By End User: The commercial segment in the global portable generators market is estimated to account for major revenue share in 2019, and is expected to register the highest CAGR of over 5.3%.
By Region: The market in the Asia Pacific is expected to register the highest CAGR of over 6.0% in the global portable generator market. Growing construction activities owing to the increasing population has led to a surge in demand for electricity in emerging economies is expected to boost demand for portable generator market substantially.
Portable Generators Market: Competitive Analysis
The research report on the portable generator market includes profiles of some of the major companies such as Generac Holdings Inc., Cummins Inc., Briggs & Stratton Corporation, Honda Motor Co., Ltd., Caterpillar Inc., Eaton Corporation PLC, Kohler Co., Inc., Yamaha Motor Co., Ltd., Champion Power Equipment, Inc., and Smarter Tools Inc.
Portable Generators Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global portable generators market for 2018–2028.
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