The global portable generator market size is projected to reach USD 5.87 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period. Rising incidence of natural disasters across the globe will play a central role in augmenting the growth of this market, shares Fortune Business Insights™ in its new report, titled “Portable Generator Market Size, Share and Global Trend by Fuel (Diesel, Gas, and Others), Power Rating (Below 5kVA, 5-15kVA, 15-45kVA, 45-75kVA), By Application (Residential, Commercial, and Others), and Regional Forecast, 2019 to 2026”.
Request a Sample Copy for more detailed Portable Generator Market Overview: https://www.fortunebusinessinsights.com/enquiry/sample/portable-generator-market-100155
List of Key Players Covered in the Report:
- Wacker Neuson (Germany)
- John Deere (United States)
- Manlift Group (United Arab Emirates)
- Briggs & Stratton (United States)
- Kohler-SDMO (France)
- Kirloskar Electric Co. Ltd (India)
- Himoinsa (Spain)
- Caterpillar Inc. (United States)
- PRAMAC (Italy)
- Yamaha Motor Corporation, USA (United States)
- Aggreko (United Kingdom)
- Ingersoll Rand (Ireland)
- Cummins Inc. (United States)
Lack of Access to Stable Power Supply to Propel the Market
Deficient, poor, and interrupted power supply in developing and underdeveloped economies is one of the top portable generator market trends. The International Renewable Energy Agency (IRENA) revealed in its ‘The Energy Progress Report’ that close to 840 million people across the globe are deprived of electricity. The report states that by 2030, 650 million people will still be living without electricity. The challenge looms large in case of remote areas in underdeveloped regions, such as sub-Saharan Africa where a whopping 573 million people live without electricity. In such a dreadful scenario, portable generators can prove extremely useful, not just in providing electricity to remote areas, but also to substantially enhance the quality of life of the underprivileged, which bodes well for the portable genset market growth.
Speedy Economic Development in China and India to Fuel the Market in Asia-Pacific
With a market size of USD 1.33 billion in 2018, Asia-Pacific is poised to dominate the portable generator market share during the forecast period. One of the main reasons for the region’s leading position is the unprecedented economic rise of India and China. These countries are heavily investing in establishing strong and durable grid infrastructure to meet their energy demands.
Poor energy infrastructure in most African countries is creating several growth opportunities in the Middle East and Africa region for the market. Moreover, African countries are exhibiting promising economic growth, which is attracting MNCs into the region and upping the demand for portable generators in the continent.
Have Any Query? Ask Our Experts – https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/portable-generator-market-100155
- January 2019: Yamaha Motor Corp launched its new line of portable inverter generators called EF2200iS. These generators will be an addition to the company’s existing portable generator offerings and will feature an LED control panel and larger power capacity, whilst being lightweight.
- February 2017: Atlas Copco’s Portable Energy Division unveiled its novel and powerful portable generators at the CONEXPO 2017 held in Las Vegas. The company’s QAS generator series is engineered specifically for the market in the US, while the iP generators are designed to be fuel efficient and compact.
Purchase Full Report for Exclusive Portable Generator Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/100155
Other Exclusive Reports:
AC Drives Market Trend, Analysis, Drivers, Restraints, Company Profiles and Forecast by 2026
Cryogenic Pump Market 2021 Report Enlightening Development Scope and Business Strategies Developed By Leading Vendors
Portable Generator Market Trend, Analysis, Drivers, Restraints, Company Profiles and Forecast by 2026
Enhanced Oil Recovery Market Trend, Analysis, Drivers, Restraints, Company Profiles and Forecast by 2027
Digital Audio Workstation Market : Global Industry Analysis by Size, Share, Growth, Trends and Forecast 2021 – 2028
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]