The global portable generator market accounted for a value of USD 1.9 billion in 2019. Portable generator market is projected to register growth at a CAGR of 4.4% during forecast period.
COVID-19 has impacted all the businesses over the globe. It has shifted all the businesses working remotely. The industries have to halt its production and supply chain got disrupted. The businesses working remotely need devices and advanced technologies to work in team and connected with every one for smooth communication and operations. There is a rise in demand for advanced IT technologies which increases demand for electricity around the world due to corona virus outbreak. This increases portable market share during COVID-19.
For more details, visit: Global portable generator Market, By Fuel Type (Gasoline, Diesel & Others), By Power Rating (Below 5kW, 5-10kW & others), By Application (Emergency & Continuous), By End-User, By Region, Forecast & Opportunities to 2026
The use electric device is increasing immensely over the globe which increases the demand for constant and uninterrupted power supply. The businesses these are also shifting online which also demand constant and interrupted power supply. The demand of uninterrupted power supply can be met even at the time of power cut using generators. This drives growth in portable generator during forecast period.
On the basis of fuel, the portable generator market is segmented into gasoline, natural gas, diesel and others. The gasoline segment is estimated to register fastest growth during forecast period. The gasoline fuel stations are available everywhere in the world. This type of generator is cost efficient and mainly used for shorter time period. The operation of gasoline portable generator is smooth and easy and this drives growth in gasoline portable generator market during forecast period.
On the basis of application, the portable generator market is segmented into emergency and continuous. The continuous segment is estimated to be fastest growing market during forecast period. The continuous segment is estimated to be the fastest growing segment during forecast period. The construction activities are increasing across the world and these people are installing portable generators in their buildings and houses. The adoption of continuous portable generators is rising rapidly and this drives growth in continuous portable generators during forecast period.
On the basis of end-user, the portable generator market is segmented into industrial, commercial and residential. The residential segment is estimated to hold largest market share during forecast period. The residential sector has high demand for portable generators as it is used to run medium and small sized loads. Residential segment includes household appliances and small machinery like vibrators, drills and agriculture equipments. The demand for uninterrupted electricity supply is increasing in this segment. This drives growth in residential segment during forecast period.
North America region is estimated to hold largest market share during forecast period. However, Asia-Pacific region is estimated to be fastest growing region during forecast period. The construction activities are increasing in various countries such as China and India. Various smart city projects have been initiated by government in this region. The people are adopting portable generators in this region. This drives growth in Asia-Pacific region during forecast period.
The key market players in portable generators market are Cummins, Yamaha, Honda, Geberac, Caterpillar, Briggs & Stratton, Altas Copco, Kohler, Honeywell, Siemens, Wacker Neuson, Champion,Eaton, Kubota, Inmesoi and Himonisa.
- What are the expected industry trends over the next three to five years?
- Which of the portable generator application is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?