The report "Portable
Generator Market by Fuel (Gasoline, Diesel, Gas), Application (Emergency,
Prime/Continuous), Power Rating (below 5 kW, 5–10 kW, 10–20 kW), End-User
(Residential, Commercial, Industrial), and Region- Global Forecast to
2024" The global portable generator market size is expected
to reach USD 2.5 billion by 2024 from an estimated value of USD 2.0 billion in
2019, at a CAGR of 4.1% during the forecast period. The market is set to grow
due to increasing weather-related power outages and rising demand for
uninterrupted and reliable power supply in developed and developing nations.
Browse 100 market data Tables and 47 Figures spread
through 156 Pages and in-depth TOC on "Portable
Generator Market - Global Forecast to 2024"
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The residential segment is expected to be the largest portable
generator market, by end-user, during the forecast period
Portable generators are used mainly for emergency power
supply in case of weather-related power outages. Portable generators are used
to run essential appliances such as lights, refrigerators, and fans. Apart from
essential appliances, portable generators are also used for domestic recreational
activities such as camping and picnic. Ease of start and portability are the
main factors that drive the portable generator industry for residential
end-users.
The gasoline segment is projected to account for a major share of the
portable generator market during the forecast period
The gasoline fuel-operated portable generators are
expected to dominate the portable generator industry during the forecast
period. Gasoline fuels are more compatible with small-capacity engines, and
this is the main reason for the large market share of gasoline-powered
generators. Apart from compatibility, the availability of fuel and clean
operation are also the major factors for the growth of gasoline portable
generators.
The emergency segment is projected to account for the largest share of
the portable generator industry during the forecast period
The emergency segment is projected to dominate the
portable generator market share based on the application. Increasing
weather-related power outages and aging power generation & distribution
networks are expected to drive the emergency portable generator segment during
the forecast period.
The 5–10 kW segment is projected to dominate the portable generator
industry throughout the forecast period
The 5–10 kW segment is expected to dominate the market,
by power rating, during the forecast period. The 5–10 kW portable generator
market is growing because its usage in construction-related activities in the
Asia Pacific region is very high. Also, in North America, during frequent power
outages in areas such as Puerto Rico and Mexico, users mostly prefer the 5–10
kW portable generators for power backup.
North America is projected to dominate the global portable generator
market during the forecast period
In this report, the market has been analyzed with respect
to five regions, namely, North America, Europe, Asia Pacific, South America,
and the Middle East & Africa. North America is expected to lead the market
during the forecast period.
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The increasing number of weather-related power outages
due to natural calamities such as hurricanes and heat waves are disrupting the
power supply to millions of residential and commercial users. Because of these
unfortunate incidents, the demand for portable generators is increasing in the
North American market.
To offer an in-depth understanding of the competitive
landscape, the report includes profiles of some of the leading players such as
Honda (Japan), Briggs & Stratton (US), Atlas Copco (Sweden), Generac (US),
and Yamaha (Japan), Cummins (US), Caterpillar (US), and Wacker Neuson
(Germany).
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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
