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Energy Industry News Releases

Portable Generator Market worth $2.5 billion by 2024 - Exclusive Report by MarketsandMarkets™

 



(EnergyIndustry.Net, October 23, 2019 ) According to the new market research report "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" published by MarketsandMarkets™, the global Portable Generator Market size is expected to reach USD 2.5 billion by 2024 from an estimated value of USD 2.0 billion in 2019, at a CAGR of 4.1% during the forecast period. The market is set to grow due to increasing weather-related power outages and rising demand for uninterrupted and reliable power supply in developed and developing nations.



The residential segment is expected to be the largest Portable Generator Market, by end-user, during the forecast period



Portable generators are used mainly for emergency power supply in case of weather-related power outages. Portable generators are used to run essential appliances such as lights, refrigerators, and fans. Apart from essential appliances, portable generators are also used for domestic recreational activities such as camping and picnic. Ease of start and portability are the main factors that drive the portable generator industry for residential end-users.



The gasoline segment is projected to account for a major share of the Portable Generator Market during the forecast period



The gasoline fuel-operated portable generators are expected to dominate the portable generator industry during the forecast period. Gasoline fuels are more compatible with small-capacity engines, and this is the main reason for the large market share of gasoline-powered generators. Apart from compatibility, the availability of fuel and clean operation are also the major factors for the growth of gasoline portable generators.



Browse and in-depth TOC on “Portable Generator Market”



100 - Tables

46 - Figures

155 - Pages



Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195875841



The emergency segment is projected to account for the largest share of the portable generator industry during the forecast period



The emergency segment is projected to dominate the Portable Generator Market share based on the application. Increasing weather-related power outages and aging power generation & distribution networks are expected to drive the emergency portable generator segment during the forecast period.



The 5–10 kW segment is projected to dominate the portable generator industry throughout the forecast period



The 5–10 kW segment is expected to dominate the market, by power rating, during the forecast period. The 5–10 kW Portable Generator Market is growing because its usage in construction-related activities in the Asia Pacific region is very high. Also, in North America, during frequent power outages in areas such as Puerto Rico and Mexico, users mostly prefer the 5–10 kW portable generators for power backup.



North America is projected to dominate the global Portable Generator Market during the forecast period



In this report, the market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is expected to lead the market during the forecast period.



The increasing number of weather-related power outages due to natural calamities such as hurricanes and heat waves are disrupting the power supply to millions of residential and commercial users. Because of these unfortunate incidents, the demand for portable generators is increasing in the North American market.



Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=195875841



To offer an in-depth understanding of the competitive landscape, the Portable Generator Market includes profiles of some of the leading players such as Honda (Japan), Briggs & Stratton (US), Atlas Copco (Sweden), Generac (US), and Yamaha (Japan), Cummins (US), Caterpillar (US), and Wacker Neuson (Germany).



Please Explore Relevant Report:



Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (5000 KVA), End-User (Residential, Commercial, Industrial)- Global Forecast to 2024



Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting



About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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MarketsandMarkets™ INC.

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USA : 1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/PressReleases/portable-generator.asp

Press Release: https://www.marketsandmarkets.com/PressReleases/portable-generator.asp

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MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

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