Constantly increasing consumption of electricity to propel growth in the global portable generator market. Fortune Business Insights recently announced publishing of a report, titled “Portable Generator Market Size, Share and Global Trend By Fuel Type (Diesel Generator, Gasoline Generator, Natural Gas Generator) Function (Continuous Power, Standby) Power Rating (Below 2 kW, 2 kW to 5 kW, 5 kW to 10 kW, Above 10 kW) End User (Residential, Commercial, Industrial) and Geography Forecast till 2025,” studying various factors giving impetus to the market. Besides this, the report identifies key challenges posing a threat to the market.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Portable Generator Market trends. The report is available for sale on the company website.
Top Key Players Mentioned:
- Honda Motor Co. Ltd.
- Cummins Inc.
- Atlas Copco
- Caterpillar Inc.
- Kohler SDMO.
- FG Wilson
- Generac Power Systems
- Briggs and Stratton
- Himoinsa S.L.
- Kirloskar Electric Co. Ltd.
- Manlift Group
As per the report, North America was leading the global portable generator market in 2017. North America held a significant share in the global market in 2017. The region is anticipated to witness impressive growth during the forecast period 2018-2025, owing to increasing industrialization in nations such as the U.S. and Canada. However, the portable generator market in Asia Pacific is anticipated to increase at a relatively higher CAGR. Growth witnessed is attributable to the presence of some of the fastest growing economies such as India, Indonesia, and China. Additionally, in a lot of nations, there is a lack of proper infrastructure. This provides ample opportunities for the growth of the portable generator market in emerging nations.
View press release for more details @ https://www.marketwatch.com/press-release/Portable-Generator-Market-Latest-Trends-Industry-Size-Major-Segments-and-Competitive-Landscape-Forecast-To-2026-2020-01-12
The number of offshore activities being conducted in the Middle East and Africa is very high. However, the supply of electricity is not as satisfactory in certain areas of the region. This is anticipated to enable growth and increase demand for a portable generator in the region. Besides this, government initiative such as the launch of smart city program is anticipated to fuel the demand for a 24/7 electricity supply and further enable growth in the global market.
“Key market players are likely to focus more on undeveloped and developing nations to capitalize on their unmet needs. The need and demand for electricity in such nations is very high. This is anticipated to increase the demand for a portable generator.” Said a lead analyst at Fortune Business Insights.
Regional Analysis for Portable Generator Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
“Himoinsa in Collaboration with Chengdu to Strengthen its Market Position”
Key players operating in the global portable generator market are collaborating and partnering with other players to gain a higher share in the market. For instance, Himoinsa collaborated with a local distributor Chengdu Transcend Power in 2019 to install 31 diesel-powered generators at the Xiaomo highway. The project was implemented by China’s public and road infrastructure industry. Such initiatives are anticipated to enable growth in the global portable generator market. Some of the key companies operating in the global market are Honda Motor Co. Ltd., Cummins Inc., Atlas Copco, Caterpillar Inc., Kohler SDMO., Aggreko, FG Wilson, Generac Power Systems, Briggs and Stratton, Himoinsa S.L., Kirloskar Electric Co. Ltd., Manlift Group, and Yamaha.
Major Table of Contents for Portable Generator Market:
- Executive Summary
- Market Dynamics
- Key Portable Generator Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Portable Generator Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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Name: Ashwin Arora
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