Portable Generator Market 2021 Business Scenario | Ready to Experience Exponential Growth by 2026

 New Revenue Pockets Portable Generator Market :

The portable generator market is projected to reach USD 2.5 billion by 2026 from an estimated USD 1.8 billion in 2021, at a CAGR of 6.7% during the forecast period. Increasing instances of power outages owing to aging grid infrastructure and extreme weather conditions are the key factors driving the growth of the portable generator market. Increasing adoption of dual fuel and inverter portable generators are expected to offer lucrative opportunities for the portable generator market during the forecast period.      

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Rest of Asia Pacific includes Indonesia, Singapore, Malaysia, Taiwan, and Thailand. The region is the most populated region in the world and is expected to become the largest energy-consuming region globally. It comprises many developing countries and requires more energy for its development. According to the Asian Development Bank (ADB), the region’s share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010. The industrial sector in China contributed more than 37% of its GDP in 2020. The growth of the industrial sector has tremendously increased power production and consumption in China. These factors have made China one of the most lucrative markets for the power industry. Thus, increase in demand for power is likely to offer growth opportunities for portable generator market during he forecast period. 

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The portable generator market, by application, is segmented into emergency and prime/continuous. The emergency segment, by application, is projected to hold the highest market share during the forecast period. The growth of this segment is driven by increasing weather-related power outages and aging power generation & distribution networks. Furthermore, the usage of portable generators during emergency backup can prevent food from spoiling, keep lights on, and help in other day-to-day requirements.  

 

The report segments the portable generator market, by fuel, into gasoline (petrol), diesel, natural gas, and others. Others includes LPG, propane, and biodiesel. The market for gasoline (petrol) is expected to hold the highest market share during the forecast period. It is majorly used for temporary, intermittent, or low-load applications. Gasoline is a common source of fuel and the easiest to obtain. It is mostly used for running portable generators for a shorter period of time, which is likely to increase their demand in the portable generator market globally.     

On the basis of power rating, below 5 kW, 5–10 kW, and 10–20 kW. The market for gasoline (petrol) is expected to hold the highest market share during the forecast period. The 5–10-kW portable generator, by power rating, is projected to hold the highest market share during 2021–2026. The market for these generators is projected to grow because of the increase in awareness of in-house power backup and demand for portable powering systems in outdoor recreational activities. 

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The portable generator market, by end user, into residential, commercial, and industrial. The residential segment is expected to hold the highest market share during the forecast period. The increasing number of frequent blackouts and insufficient power supply in some parts of Africa and South America are expected to boost the demand for residential portable generators.  

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Power Plant Control System Market 2021 Research by Business Analysis, Growth Strategy and Industry Development to 2026

According to the new market research report “Power Plant Control System Market by Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, and Renewable), Solution (SCADA, DCS, Programmable Controllers), Component, Application, and Region – Global Forecast to 2026″,

The global power plant control system market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer space requirements, and low lifetime costs are expected to further drive the demand. Increasing data center investments are expected to be the single biggest contributing factor to the growth of power plant control system market during the forecast period.

Power Plant Control System Market,Breakdown

The turbine & auxiliaries control is expected to be the largest power plant control system market segment by application

The market for power plant control system of turbine & auxiliaries control segment is expected to be the largest during the forecast period. The growing number of installations of wind power plants, especially in Europe and North America, along with continuing coal power plant investments in Asia Pacific, is expected to be the key driving factor for the growth of the turbine & auxiliaries control segment. With the increasing power plant investments in power plant installations the demand for power plant control system in this segment is expected to grow.

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This research report categorizes the power plant control system market by plant type, solution, application, component, and region.

The power plant control system market, by plant type, has been segmented as follows:

• Coal
• Natural Gas
• Oil
• Hydroelectric
• Nuclear
• Renewable
  • Solar
  • Wind
  • Biofuels

The power plant control system market, by solution, has been segmented as follows:

• SCADA
• DCS
• Programmable Controllers
• Others

The power plant control system market, by application, has been segmented as follows:

• Boiler & Auxiliaries Control
• Turbine & Auxiliaries Control
• Generator Excitation & Electrical Control
• Others

The power plant control system market, by region, has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East
• Africa
• South America

Renewable segment is expected to capture the major share of the power plant control system market by application

Datacenter segment by application is expected to be the largest segment during the forecast period. The demand for data centers is continuously increasing, and the amount of energy consumed by them has also surged. This is due to the increased load of IT devices that are installed in these data centers. The continuity of power supply is critical for the effective functioning of IT loads in data centers and power outages in them are costly. Investments in large hyperscale data centers have increased significantly to meet the increasing data demand. These drivers are expected to play a key role in the growth of the rotary UPS market for data center applications.

Asia Pacific is expected to be the fastest-growing segment of the global power plant control system market

The power plant control system market in Asia Pacific, led by China, is expected to grow at the highest CAGR during the forecast period. Continued investments in fossil fuel power plants, especially in China, India, and Southeast Asia, along with the increased renewable power plant investments in countries such as China, India, Japan, and South Korea, are expected to drive the demand for power plant control systems in the region.

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Key Market Players:

To enable an in-depth understanding of the competitive landscape, the power plant control system market report includes profiles of some of the leading players, such as Siemens Energy (Germany), ABB (Switzerland), Emerson (US), Rockwell (US), and GE (US) along with other prominent manufacturers of power plant control system.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Industrial Air Compressor Market Size to Reach $42.9 billion by 2026 at CAGR 5.6%

 According to the new market research report "Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51–250 kW, 251–500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Industrial Air Compressor Market is projected to reach USD 42.9 billion by 2026. The Industrial Air Compressor Market size will grow to USD 42.9 billion by 2026 from USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the Industrial Air Compressor Market, globally. Several emerging economies, such as Asia Pacific and Africa, have boosted their industrial and economic developments. In addition, government initiatives to promote industrial automation and emphasis on industrial automation for optimum utilization of resources are also driving the demand for industrial air compressors as they can be used for powering pneumatic tools, packaging, automation equipment, and conveyors. Environment-friendly modern compressors need less fuel, make less noise, and have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors which is in line with the Paris Agreement leading to growth opportunities for the Industrial Air Compressor Market during the forecast period.

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The positive displacement segment is expected to dominate the Industrial Air Compressor Market, by product type, during the forecast period.

The positive displacement segment is expected to hold the largest market share and also grow at the fastest rate during the forecast period. The positive displacement compressor can be bifurcated into reciprocating and rotary compressors. These compressors can be oil-free or lubricated, depending upon the application requirement. Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging industry, food & beverages, metals and mining, and other end-user industries.

The stationary segment is expected to be the largest Industrial Air Compressor Market, by design, during the forecast period.

The stationary segment held a larger share of the Industrial Air Compressor Market. The stationary compressors are designed for heavy-duty applications and are suited for medium to large industries. Stationary compressors find application in food processing plants, chemical and petrochemical plants, automobile and spare parts manufacturing facilities, pharmaceutical plants, and paper and pulp plants, where compressed air is required near the application. The growing food & beverages, chemicals, and automobile industries are also likely to drive the demand for stationary industrial compressors.

Browse in-depth TOC on "Industrial Air Compressor Market"

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The up to 20 bar segment is expected to be the largest Industrial Air Compressor Market, by pressure, during the forecast period.

The industrial air compressors in the up to 20 bar pressure range are generally a single-stage reciprocating, single-stage centrifugal, screw, and axial air compressor. Low-pressure compressors are commonly used in pneumatic tools and controls, assembly, drying/blowing, air wands, pneumatic cylinders, overhead air winches, venturi vacuum, electrical cabinet coolers, paint spray booths, and other automation and maintenance tools. Low-pressure compressors are also popular in the construction, pharmaceuticals, food & beverages, and packaging industry which are expected to fuel their demand during the forecast period.

The 51–250 kW segment is expected to be the largest Industrial Air Compressor Market, by output power, during the forecast period.

An industrial air compressor having up to 50 kW output power is generally a single-stage reciprocating and single-stage rotary compressor. These compressors find application in refineries, manufacturing, textiles, and water and wastewater treatment plants. These compressors are commonly used in food & beverages, pharmaceuticals, construction, automotive and transportation, mining, packaging, healthcare, pharmaceuticals, paper and pulp, textiles, and other industries. The growth of these industries is expected to drive the demand for compressors having up to 50 kW output power.

The oil-flooded segment is expected to be the largest Industrial Air Compressor Market, by seal type, during the forecast period.

Industrial air compressors require oil to lubricate the compression chamber. This compressor is more economical than an oil-free compressor and generally completes the compression process in a single stage. These compressors are commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, among others, where cleaner compressed air requirement is optional.  The growth of these industries in Saudi Arabia, China, Indonesia, South Africa, Nigeria, and Egypt is the key driving factor for the growth of this segment in Asia Pacific and the Middle East & Africa.

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The air-cooled segment is expected to be the largest Industrial Air Compressor Market, by coolant type, during the forecast period.

An air-cooled industrial air compressor uses air to reduce the temperature of the compressed air and any other material present.  Air-cooled industrial air compressors are used in different applications, such as PET mold bottles and power generation. Industries can also recover the heat loss for an air-cooled compressor by using the energy to heat buildings or power a preheating battery, thus saving companies money on utility expenses.  Growth of the industries will be the key driving factor for the growth of this segment.

Chemicals & petrochemicals segment is expected to be the largest Industrial Air Compressor Market, by end-user industry, during the forecast period.

Industrial air compressors in the chemicals & petrochemicals industry find applications in transporting liquid under pressure to pressurizing tank, for spot cooling, molding plastics, aeration tanks, culture vessels, welding vinyl and nylon, synthesizing ammonia, and manufacturing of low-density polyethylene, among others. The industrial air compressors are also used for process air used in direct contact with products for usages such as cleaning, aeration, and product moving; control valves and cylinders; material handling; nitrogen generation; air curtains; and product drying. The demand for chemical and petrochemical-derived products coupled with increasing investments in the downstream oil & gas and petrochemical industries are a major factor driving the market.

Asia Pacific likely to emerge as the largest Industrial Air Compressor Market

The Asia Pacific region, as a whole, is experiencing rapid development and growth fueled by the growth of major economies such as China, India, Malaysia, Indonesia, Thailand, Vietnam, South Korea, and Japan. The major end-users for industrial air compressors in the region include power generation, chemical, oil & gas, construction, food & beverages, automotive, rubber and plastics, textile, manufacturing, and water and wastewater treatment industries. The chemicals & petrochemicals sector has a strong foothold in the region and is expected to grow, according to International Energy Agency (IEA). The continued growth in Asia Pacific in almost all the major industrial sectors will drive the demand for industrial air compressors in the region.

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The Industrial Air Compressor Market is dominated by a few major players that have a wide regional presence. The leading players in the Industrial Air Compressor Market are Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan). Some of the other major players include BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), ELGi Equipments (India), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), and others.

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com