Portable Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Portable generators are backup devices designed to provide temporary AC power for non-hardwired, stand-alone applications. These generators work by using supplied fuel such as diesel or gas. Low-end models of portable generators support few basic home appliances, whereas the high-end models can provide power backup to the whole house. Other than the residential sector, portable generators also find applications in sectors such as infrastructure and commercial owing to their low-cost and easy installation. According to IMARC Group’s latest report, titled “Portable Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global portable generator market reached a value of US$ 4 Billion in 2017.
Construction activities such as cutting, lifting and drilling rely heavily on seamless power supply. Therefore, rapid industrialization and further expansion in the construction industry, especially in the Asia-Pacific region, are fuelling the growth of portable generator market. Moreover, growing urbanisation coupled with shortage of power supply has led the consumers to opt for portable generators so as to ensure uninterrupted electric supply, thereby contributing to the market growth. However, stringent environmental regulations levied by various governments towards the emission of hazardous gases act as a restraint to the growth of the portable generator market. According to the report, the market is expected to reach a value of US$ 6 Billion by 2023, exhibiting a CAGR of 6.8% during 2018-2023.
The report has segmented the market on the basis of fuel type into portable diesel generators, portable gasoline generators and others. Currently, portable diesel generators hold the largest market share. On the basis of end-use, the residential sector dominates the market, accounting for the majority of the global share. It is followed by the commercial, infrastructure and industrial sectors. On the basis of power output, the market has been segregated as less than 3Kw, 3-10 Kw and more than 20 Kw. Region-wise, the report covers Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific represents the leading market, holding the biggest share globally. The report has also analysed the competitive landscape of the market with some of the key global players being Briggs & Stratton Corporation, Cummins, Inc., Honda Motor Co., Ltd., Eaton Corporation, and 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 industry in any manner.
Key Questions Answered in This Report:
How has the global portable generator market performed so far and how will it perform in the coming years?
What are the key regions in the global portable generator market?
What are the popular product types in the global portable generator market?
Which are the major applications in the global portable generator market?
What are the various stages in the value chain of the global portable generator market?
What are the key driving factors and challenges in the global portable generator market?
What is the structure of the global portable generator market and who are the key players?
What is the degree of competition in the global portable generator market?
How are portable generator manufactured?