Global Portable Generator Market 2021: Company Profiles, Market Segments Landscape and Demand Analysis and Forecast To 2028
Global Portable Generator Market
Portable generators are basically formed to supply alternating current for both non-hardwired and stand-alone applications. Increased market downtime worldwide, due to an uptick in weather-related power outages, has culminated in an increase in demand for uninterrupted electricity supply. This is a key factor boosting the portable generator market demand. Increased use of portable generators due to the rapidly growing building industry is also boosting demand growth. Power tools in all types, such as motors, drills, air hammers, and compressors are commonly used in the building construction industry. Rising urbanization coupled with a growing frequency of power grid failures has led customers to opt for portable generators, notably for residential applications, in order to ensure an uninterrupted supply of electricity.
The global portable generator market size is projected to reach nearly USD 2.9 billion by 2028. In addition, the market is forecasted to grow a CAGR of above 4% over the forecast period of 2020-2028. Rapid industrialization around the globe is projected to boost the demand along with the growing need of portable products from the consumers. The high growth of the commercial sector across the rapidly growing economies, including China, Indonesia, South Korea and India, is expected to fuel demand in the industry.
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The accessibility of different power backup devices, such as inverters, battery turbines, UPS systems, and solar energy systems offers a significant challenge to the growth of the global market for portable generators, as these systems are also easier to manage and more environmentally friendly. The awareness of global warming has contributed to an increasing market for biofuel-based portable generators, a renewable energy source. Increased demand for biofuel-powered generators would provide industry players with an opportunity over the forecast period. Increasing peak hour demand, combined with growing need to counter increased energy use through industrial and residential buildings, would intensify industry growth.
Strengthening environmental laws that curb carbon emissions are the main factors that hinder business expansion. These generators are subject to state, federal and local pollution output legislation. Environmental bodies such as the U.S. EPA (Environmental Protection Agency), CPCB (Central Pollution Control Board) of India, and the European Environmental Agency monitor the volume of carbon released to the atmosphere by generators. The emerging-economy commercial and manufacturing industries, the developed-economy residential sector, and the need for control in defense operations are projected to generate substantial opportunities for market participants in the near future.
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The major players of the global portable generator market are Yamaha, Atlas Copco, Honda, Generac, Briggs & Stratton. Moreover, the market comprises several other prominent players in the portable generator market as Kubota, Cummins, Kohler, Siemens, Caterpillar, Wacker Neuson, Eaton and Honeywell. The portable generator market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Segment Overview of Global Portable Generator Market
Fuel Type Overview, 2018-2028 (USD Billion, Million Units)
- Gasoline (Petrol)
- Natural Gas
Application Overview, 2018-2028 (USD Billion, Million Units)
End User Overview, 2018-2028 (USD Billion, Million Units)
Regional Overview, 2018-2028 (USD Billion, Million Units)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
What does the report include?
- The study on the global portable generator market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the portable generator industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on fuel type, application and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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Some Major Points from TOC:
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
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