Rapid Unit Sales Of Portable Generators Market To Account For Incremental Revenues In Global Market : Fact.MR

Fact.MR establishes that the global portable generators market is expected to be valued at US$ 850 Mn in 2021, reflecting a CAGR of 6.5% over the upcoming decade (2021-2031). Portable generators powered by diesel or gasoline are thought to be significant contributors to CO2 emissions. Diesel generators, for example, are prohibited in many European towns due to excessive levels of pollution.

From 2016 to 2020, sales of portable generators accelerated at a CAGR of 5.5%. During the pandemic crisis, demand somewhat contracted, amid supply constraints in the first half. Eventually, demand accelerated, as stay-at-home directives prompted an increase in electricity consumption levels, for professional and leisurely purposes.

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Key Segments Covered
  • Power Output
    • Less than 1 KW Portable Generators
    • 1-3. KW Portable Generators
    • 3-5KW Portable Generators
    • More than 5 KW Portable Generators
  • End Use
    • Commercial Portable Generators
    • Residential Portable Generators
    • Industrial Portable Generators
    • Agricultural Portable Generators
    • Others
  • Application
    • Standby Backup Power Portable Generators
    • Continuous Power Portable Generators

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Key Takeaways from Market Study

  • The global portable generators market is anticipated to add a significant value by 2031.
  • The residential and commercial segment is expected to capture major chunk of the market share over the next ten years.
  • On the basis of power output, portable generators with power output ranging from 1.0-3.0 Kw hold substantial part of total revenue share of the market.
  • Asia Pacific set to dominate global market revenue in 2021 and beyond.
  • The market in Africa expected to rise at a high single-digit CAGR through 2031.
  • Due to the COVID-19 crisis, demand for portable generators was hit in 2020, which saw a decline. But with the manufacturing industry back on track, demand is expected to bounce back over the coming months.

“High R&D spending coupled with technological advancements in portable generators is expected to aid market growth over the coming years,” says a Fact.MR analyst.

Competitive Landscape

Increased marketing strategy development, product diversification, economies of scale, and brand awareness are some of the strategic assets used by significant corporations to strengthen their market position while lowering business risks.

  • In April 2019, Generac completed the acquisition of Pika Energy Inc., a maker of residential energy storage systems. The purchase aims to increase the market share of both firms and share their vision of developing groundbreaking technologies that modernize the way electricity is generated, stored and used across residential settings
  • In March 2021, Kohler Power Systems announced a 155,000 square-foot expansion to its existing North American manufacturing facility in Mosel, Wisconsin. This expansion is likely to aid the company enhance its production capacity of large industrial diesel as well as portable generators

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Key Question answered in the survey of Commercial Portable Generators market report:

  • Sales and Demand of Commercial Portable Generators
  • Growth of Commercial Portable Generators Market
  • Market Analysis of Commercial Portable Generators
  • Market Insights of Commercial Portable Generators
  • Key Drivers Impacting the Commercial Portable Generators market
  • Which are the Key drivers impacted by Commercial Portable Generators market
  • Restraints Shaping Market Growth
  • Market Survey of Commercial Portable Generators

More Valuable Insights on Commercial Portable Generators Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Commercial Portable Generators, Sales and Demand of Commercial Portable Generators, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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