Portable Generator Market Set to Reach USD 3.58 Billion by 2030
Summary:
The global Portable Generator Market is projected to grow from USD 2.34 billion in 2023 to nearly USD 3.58 billion by 2030, at a CAGR of 6.25% during the forecast period. This growth is driven by rising demand for reliable power supply across various sectors, including commercial, industrial, and residential.
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A) Market Size:
The Portable Generator Market size was valued at USD 2,342.48 million in 2023. The market is expected to grow significantly, reaching nearly USD 3,580.15 million by 2030, with a compound annual growth rate (CAGR) of 6.25% during the forecast period (2024-2030).
B) Overview:
The global Portable Generator Market is witnessing substantial growth due to increasing power outages and the rising need for backup power solutions in various sectors. This comprehensive market analysis focuses on current global trends, providing a detailed examination of market segmentation and identifying key opportunities for growth.
C) Market Scope:
The scope of this report includes an extensive analysis of the market by power rating, fuel type, and end-user. The market size is validated through top-down and bottom-up approaches, with estimations based on sales data and utilization rates across different regions.
D) Segmentation:
Power Rating:
- Less than 5kW
- 5–10kW
- Above 10kW
Fuel Type:
- Diesel
- Gasoline
- Natural Gas
- Others
End User:
- Commercial
- Industrial
- Residential
E) Major Manufacturers:
North America:
- Generac Holdings Inc. (USA)
- Briggs and Stratton LLC (USA)
- Caterpillar, Inc. (USA)
- Cummins Inc. (USA)
- Deere and Co. (USA)
- Honeywell International Inc. (USA)
- Kohler Co. (USA)
Europe:
- Atlas Copco AB (Sweden)
- KAZANCI HOLDING (Turkey)
- Eaton Corp. Plc (Ireland)
- Siemens AG (Germany)
- Wacker Neuson SE (Germany)
- JCB Power Products (United Kingdom)
- Perkins Engines Company Limited (United Kingdom)
- MTU Onsite Energy (Germany)
APAC:
- Doosan Corp. (South Korea)
- H.S. ENGINEERS (India)
- Himalayan Power Machines Co. (India)
- Honda Motor Co. Ltd. (Japan)
- ITOCHU Corp. (Japan)
- Kirloskar Oil Engines Ltd. (India)
- Skyline Power Solutions (India)
- Yamaha Motor Co. Ltd. (Japan)
- Yanmar Holdings Co. Ltd. (Japan)
- Atlas Copco (India) Ltd. (India)
F) Regional Analysis:
The report provides an in-depth analysis of the Portable Generator Market across key regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America. The regional analysis covers market trends, growth rates, and market shares, along with a comprehensive PESTEL analysis for each region.
G) COVID-19 Impact Analysis:
The COVID-19 pandemic has significantly impacted the Portable Generator Market, leading to shifts in consumer behavior and supply chain disruptions. However, the market has shown resilience, with a steady recovery expected as businesses adapt to the new normal. This section of the report provides insights into the pandemic's impact on the market and future growth prospects.
H) Key Questions Answered:
- What is the market potential for Portable Generators?
- Which regional market will lead in the coming years?
- Which application category will witness the fastest growth?
- What are the potential growth opportunities in the Portable Generator Market?
- What challenges might the market face in the future?
- Who are the key players in the Portable Generator Market?
- What are the primary trends driving market growth?
I) Table of Contents:
- Chapter 1: Overview
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Manufacturers Introduction and Market Data
- Chapter 8: Upstream and Downstream Market Analysis
- Chapter 9: Cost and Gross Margin Analysis
- Chapter 10: Marketing Status Analysis
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference
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About Us:
Maximize Market Research is a leading market research and business consulting firm, catering to global clients. We provide strategic insights that drive revenue growth and market success. With a diverse portfolio of services across various industries, including IT, telecom, chemicals, and healthcare, our team is dedicated to delivering data-driven solutions that empower businesses to thrive in competitive markets.
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