Portable Generator Market - Global Forecast to 2024 with Generac, Briggs & Stratton, Caterpillar, Yamaha, Atlas Copco, Honda, Kohler, Cummins, and Champion Dominating
DUBLIN, Oct. 29, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
The global portable generator market size is estimated to be USD 2.0 billion in 2019 and projected to reach USD 2.5 billion by 2024, at a CAGR of 4.1% from 2019 to 2024.
Developing nations are increasing the investments for infrastructure developments for an economic boost. The industrial and manufacturing sectors require a continuous and reliable power supply, and the growth of these sectors is expected to shape the future dynamics. Thus, the growing need for an uninterrupted power supply is expected to drive the portable generator market during the forecast period. The increasing adoption of energy storage technologies and the rising demand for fuel cell generators can act as restraints for the market development.
Portable generators are small power generation equipment. Portable generators are mainly used to run small- and medium-sized loads, including household appliances and small- to medium-sized industrial machinery, such as air compressors, drills, vibrators, and agricultural equipment. They are widely preferred due to their light weight and easy-moving capabilities.
The increasing number of weather-related and nonweather-related power outages, due to aging grids, are creating problems for small- and medium-scale businesses. Frequent power outages due to weather and aging grids are the main driver for the portable generator market.
The portable generator market is segmented by fuel, power rating, application, end-user, and region. The study covers the major regions, such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America. North America dominated the portable generator market in 2018 owing to the rising concerns over power stability for uninterrupted business operations during natural calamities. Markets in the US and Mexico are expected to grow at a fast pace during the forecast period.
The leading players in the portable generator market are Generac, Briggs & Stratton, Caterpillar, Yamaha, Atlas Copco, Honda, Kohler, Cummins, and Champion.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1. Introduction
5 Market Overview
5.1. Market Dynamics
5.1.1. Introduction
5.1.2. Drivers
5.1.3. Restraints
5.1.4. Opportunities
5.1.5. Challenges
6 Portable Generator Market, By End-User (USD Million - 2017, 2018, 2019-E, 2024-F)
6.1. Introduction
6.2. Residential
6.3. Commercial
6.4. Industrial
7 Portable Generator Market, By Power Rating (USD Million - 2017, 2018, 2019-E, 2024-F)
7.1. Introduction
7.2. Less Than 5 kW
7.3. 5 kW-10 kW
7.4. 10 kW-20 kW
8 Portable Generator Market, By Fuel (USD Million - 2017, 2018, 2019-E, 2024-F)
8.1. Introduction
8.2. Gasoline (Petrol)
8.3. Diesel
8.4. Natural Gas
8.5. Other (Propane, Lpg, and Biodiesel)
9 Portable Generator Market, Application (USD Million - 2017, 2018, 2019-E, 2024-F)
9.1. Introduction
9.2. Emergency
9.3. Prime/Continuous
10 Portable Generator Market, By Region (USD Million - 2017, 2018, 2019-E, 2024-F)
11 Competitive Landscape
11.1. Introduction
11.2. Market Share Analysis
11.3. Competitive Scenario
11.4. Competitive Leadership Mapping
12 Company Profiles
12.1. Briggs & Straton
12.1.1. Business Overview
12.1.2. Products Offered
12.1.3. Recent Developments
12.1.4. MnM View
12.2. Honda
12.3. Kohler
12.4. Yamaha
12.5. Kubota
12.6. Champion
12.7. Siemens
12.8. Caterpillar
12.9. Atlas Copco
12.10. Cummins
12.11. Eaton
12.12. Honeywell
12.13. Wacker Neuson
12.14. Generac
12.15. Inmesol
12.16. Himoinsa
12.17. Pulsar Products
12.18. Duromax
12.19. Wen Products
12.20. Loncin
For more information about this report visit https://www.researchandmarkets.com/r/qdflw6
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