Portable Generator Market Research Report
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Report on Portable Generator Market
Portable Generator
Market’s leading
Manufacturers:
·
Honda Motor Co., Ltd.
·
Generac Power Systems, Inc.
·
Yamaha Motor Co., Ltd.
·
Atlas Copco AB
·
Briggs & Stratton, LLC
·
Kubota Corporation
·
Siemens AG
·
Cummins, Inc.
·
Kohler Co.
·
Honeywell International Inc.
Portable Generator
Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global portable generators market
is predicted to witness an upsurge in demand during the forecast period due to
the rising electricity use across commercial and residential industries,
growing peak hour demand, followed by the regular power outrage. Moreover,
increasing infrastructural activity, rapid urbanization, and the strong demand
for disrupting power supply are some other factors surging the growth of the portable
generators market size. Furthermore, lower and mid-price ranges, easy
availability of portable generators in smaller capacities, and biofuel powered
generators will further accelerate the growth of the portable generators market
share in terms of revenue. On the other hand, the factors hindering the growth
of the portable generators market include the lack of power generation capacity
of portable generators and the growing use of energy storage technologies.
Fuel Segment Drivers
Based on fuel, the
market is segmented into diesel, natural gas, gasoline, and others. The
gasoline is expected to rise at a faster CAGR over the coming years due to the
capability to withstand heavy loads, improved service life, high availability
of fuel stations, and less expensive in comparison to other portable generators
if utilized for a short period of time.
Power Rating Segment Drivers
Based on power
rating, the market is segmented into below 5 kW, 5–10 kW, and 10–20 kW. The
5–10 kW is projected to lead the market due to the strong adoption of these generators
for powering commercial and residential devices, such as water pumps, air
conditioners, compressors, refrigerators, industrial motors, drills, and
high-pressure washers.
Regional Drivers
Based on the region,
North America is anticipated to dominate the market during the forecast period
due to the rising investment in infrastructure development. In addition to
this, improved standard of living, increasing economic development, and the high
demand for disrupting power supply will further pay the way for the growth of
the market growth. On the other hand, Asia-Pacific is expected to rise at a
higher CAGR over the forecast period due to the rising residential and
commercial industries in developing countries like India, China, South Korea,
and Japan.
Portable Generator
Market Segmentation:
Segmentation by Fuel:
·
Gasoline
·
Diesel
·
Natural Gas
·
Others
Segmentation by Power Rating:
·
Below 5 kW
·
5–10 kW
·
10–20 kW
Segmentation by End-User:
·
Residential
·
Commercial
·
Industrial
Segmentation by Region:
·
North America
o United
States of America
o Canada
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
o Rest
of the world (remaining countries of the LAMEA region)
About GMI
Research
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