Portable Generator - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Portable Generator Market is accounted for $1.89 billion in 2018 and is expected to reach $3.16 billion by 2027 growing at a CAGR of 5.9% during the forecast period. Some of the key factors influencing the market growth include the increasing number of weather-related power outages, technological advancement in the energy sector and growing demand for uninterrupted and reliable power supply in developed and developing nations. However, stringent environmental regulations towards carbon emission are restraining market growth.
Portable generators are internal combustion engines used to generate electricity. They are very useful when temporary power is needed. They offer a reliable backup source of power during electrical power outages and also provide assistance during severe weather conditions, such as ice or wind storms.
Based on the fuel, the gasoline (petrol) segment is the fastest-growing portable generator industry. Gasoline portable generators have a major advantage of the availability of fuel stations everywhere; they are comparatively less expensive if used for running portable generators for a shorter time period, which is likely to increase its demand.
By Geography, Asia Pacific is the home to two of the fastest-growing economies India and China. The building & construction market is on the rise in India and China due to current government initiatives such as smart cities and green building initiatives, which are expected to create the demand for portable generators during the forecast period.
Some of the key players in global Portable Generator market are Honda Motor Co Ltd, Caterpillar Inc., Kohler Co., Pulsar Products, Eaton Corporation PLC, Siemens AG, Honeywell, Wacker Neuson SE, Yamaha Motor Co., Ltd., Briggs & Stratton Corporation, Cummins Inc., Generac Power Systems, Inc., Kubota Corporation, Atlas Copco AB, Harrington Generators International Ltd., John Deere and Multiquip Inc.
• Natural Gas
• Gasoline (Petrol)
• Other Fuels
Power Ratings Covered:
• Low Power (8KW - 20KW)
• Less Than 5 kW
• Medium Power (21 - 370KW)
• 5 kW–10 kW
• High Power (371 - 450KW)
• Base Load
• Standby Power
• Peak Shaving
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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