A recent report published by Infinium Global Research on portable generators market provides an in-depth analysis of segments and sub-segments in the global as well as regional portable generators market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional portable generators market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global portable generators market. According to the report, the global portable generators market is projected to grow at a CAGR of 7.0% over the forecast period of 2019-2025.
Portable generators are generally utilized to generate electric power in commercial, industrial, and domestic applications. These generators are generating electricity to electrifying machinery in construction sites, live commercial events, additional power supply during a power outage, and many others are the applications covered in the study. Portable generators work by using supplied fuel including gas or diesel. Other than the residential sector, these kinds of generators have applications in various sectors including commercial and infrastructure due to their easy and low-cost installation.
The global portable generators market is primarily driven by rapid population growth coupled with the growing demand for electricity, most notably across developing countries. Moreover, the medium and small scale industries across the globe are growing rapidly, the regular supply for electricity these industries are using a portable generator is expected to fuel the market growth in the near future. However, environmental regulations for reducing carbon as well as other hazardous gas emissions are expected to hinder the demand for the global portable generators market. Nonetheless, the rising frequency of power cut and power grid failures along with the growing urbanization is anticipated to create a new opportunity for the global portable generators market.
The region, the global portable generators market is bifurcated into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The Asia Pacific held the largest revenue share for the global portable generators market in 2018 owing to the rising use of the portable generator in small shops for outdoor events. Moreover, for various kind of family functions and various small to medium scale industries or companies portable is mostly used as a supportive electricity supply if emergency electricity failure. North America accounted for the second-largest market share of portable generators market in 2018. On an account of Increase in natural calamities in the region is hampering power usage due to that demand for portable generators is increasing in the region. Portable generators are generally used at mining sites and drilling sites in Latin America and the Middle East & Africa due to the low availability of power supply.
The report on the global portable generators market covers segments such as fuel type, power output, and application. On the basis of fuel type, the sub-markets include diesel, and gasoline & others. On the basis of power output, the sub-markets include 3-10kW, less than 3kW, and more than 10kW. On the basis of application, the sub-markets include domestic, industrial, and commercial.
The report provides profiles of the companies in the market such as Kohler-SDMO, Honda Motor Co. Ltd., Generac Holdings Inc., Yamaha Motor Co. Ltd., Cummins Inc., Briggs and Stratton, Wacker Neuson Group, Caterpillar Inc., Kubota Corporation, and Atlas Copco AB.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the portable generators market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter