Portable Generator Market Overview:
The Portable Generator market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Portable Generator Market, as well as the causes for variances in the industry’s growth in various places.
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Portable Generator Market size was valued at US$ 1.80 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.09% from 2022 to 2029, reaching nearly US$ 3.11 Bn.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Drivers:
Transmission and distribution of electricity form the backbone of any nation’s power sector, so as grid infrastructure ages, it becomes more prone to power outages. Increased power demands cannot be supported by outdated transmission systems, which in some cases may even fail and cause a power outage. Transmission and distribution networks were established in industrialised nations quite some time ago, and despite routine maintenance, the infrastructure will eventually deteriorate over time. According to the National Association of Regulatory Utility Commissioners in the US, coal, gas, and nuclear power plants have an estimated 40-year operational life.
Segmentation:
The market is divided into diesel, gasoline, natural gas, and others depending on the type of fuel used. By 2029, the gasoline segment is anticipated to have the largest market share. Short-term, irregular, or low-load applications are where portable gasoline generators are most frequently used. Gasoline is the most widely used and practical fuel, but it is extremely flammable and risky to store in large quantities. Additionally, the cost of gasoline (petrol) is high, but it is also the fuel that runs generators the longest on the least amount of fuel. It is used in many different circumstances, such as emergencies, camping, and hunting. Petrol-powered generators run more quietly and produce fewer harmful carbon dioxide fumes.
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Key Players: The key players are
• Caterpillar, Inc.
• Cummins, Inc.
• Yamaha Motor Co., Ltd.
• Honda Siel Power Products Limited
• Kohler Co
• Atlas Copco
• Briggs & Stratton
• Generac
• Eaton
• Honeywell
• Siemens
• Wacker Neuson
• Kubota
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Portable Generator market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Portable Generator Market: The report also includes a detailed analysis of COVID-19 on the Portable Generator market.
Key Questions Answered in the Portable Generator Market Report are:
- Which sub-segment had the largest share in the Portable Generator market?
- How is the competitive landscape of the Portable Generator market in 2020?
- Which are the key drivers impacting the Portable Generator market growth?
- Which region holds the maximum share in the Portable Generator market?
- What will be the CAGR of the Portable Generator market during the forecast period (2021-2027)?
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