The latest research study, “Global Portable Generator Market: Industry Trends, Share, Size, Growth, Research, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global portable generator market size reached US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a CAGR of 6.49% during 2022-2027.
A portable generator is an engine-driven generator that provides alternating current (AC) for non-hardwired and standalone applications. It consists of various components, such as a fuel tank, alternator, starter, and internal combustion engine, which are mounted together in an electric generation unit. The portable generator can be moved from one place to another if required. It provides electricity for temporary purposes and in situations of emergency power outages. It is generally powered by gas or diesel and can directly power electrical appliances like freezers, televisions, and refrigerators.
Request Free Sample Report: https://www.imarcgroup.com/portable-generator-market/requestsample
Global Portable Generator Industry Trends and Drivers:
The global portable generator market is primarily driven by the expanding construction industry. Portable generators are used to operate power tools, including drills, drives, compressors, and air hammers. They are also employed in new construction projects to ensure an uninterrupted power supply due to the increasing population and the lack of dependable grid infrastructure worldwide. Besides this, frequent occurrences of power outages have led to the adoption of standby power sources that meet the requirements of reliable and regular electricity supply. Furthermore, the increasing environmental concerns have resulted in the introduction of portable generators that can be powered by biofuels and other sustainable energy sources. Market players are also introducing variants with improved flexibility, high cost-efficiency, easy installation process, and enhanced durability.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/portable-generator-market
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global portable generator market, along with forecasts at the global, country and regional levels from 2022-2027. Our report has categorized the market based on fuel type, application, and power output.
Breakup by Fuel Type:
- Portable Diesel Generators
- Portable Gas Generators
- Others
Portable diesel generators are the most popular variants as they are more efficient, reliable, and sturdy than petroleum and natural gas generators.
Breakup by Application:
- Residential
- Commercial
- Industrial
- Infrastructure
Portable generators find extensive application in the residential sector due to the increasing global population and the growing use of portable generators to run essential electrical appliances during power outages and bad weather conditions.
Breakup by Power Output:
- Less than 3 kW
- 3-10kW
- More than 10kW
Portable generators with less than 3kW power output dominate the market as these generators are widely used for recreational activities and powering minor tools on account of their compact size and easy transportation.
Regional Insights:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
The Asia Pacific exhibits a clear dominance in the market due to rising energy consumption and the lack of proper power infrastructure systems in the region.
Competitive Landscape:
The competitive landscape of the industry has also been examined, with some of the top portable generator companies in the market are:
- Briggs & Stratton Corporation
- Cummins, Inc.
- Honda Motor Co., Ltd.
- Eaton Corporation PLC
- Generac Power Systems, Inc.
This report provides a deep insight into the global portable generator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the portable generator market in any manner.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.