Global Portable Generator Market Size, Trends & Growth Opportunity, By Application (Emergency, and Power/Continuous), By Power Rating (Below 5 kW, 5-10 kW, and 10-20 kW), By Region and Forecast till 2027.
Global Portable Generator Market is projected to reach a size of USD 2.7 billion by 2027, at a CAGR of 6.7%, from an estimated USD 1.6 billion in 2021.
Portable Generators are known for the usage of generate electric power in domestic, commercial, and industrial applications. Generating electricity for live commercial events, additional power supply during power outage, electrifying machinery in construction sites, and others are the applications include in the market. Power tools of all sizes, like drills, drives, compressors, and air hammers, are wide employed in the development sector. Moveable generators are utilised majorly for brand spanking new construction comes, wherever most of the work is distributed at the hours of darkness and in conditions wherever power from power grids isn't accessible.
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Top Players Operated in Portable Generator Market*Generac Power Systems, Inc. *Cummins Inc. *Briggs & Stratton Corporation *Honda Motor Co., Ltd. *Caterpillar, Inc. *Eaton Corporation plc *Kohler Co. *Yamaha Motor Corporation *Champion Power Equipment
Rise in instances of power outages due to the aging grid infrastructure and extreme climate has anticipated the market growth. Aging grid infrastructure is additional susceptible to power outages as electricity transmission and distribution infrastructure is that the backbone of the ability sector in any country. Transmission systems that aren't properly upgraded cannot sustain extra power burden and, in some cases, may also result in the failure of the system, inflicting breakdown.COVID-19 has slowed the expansion of the transportable generator market, as countries were forced to implement lockdowns throughout the primary 1/2 2020. Governments and native authorities issued strict pointers and every one non-essential operations were halted. This adversely affected the transportable generator market because of the suspension of activities of finish users.
In January 2021, Cummins launched QG 2800i and 2500i that area unit hour quieter recreational vehicle electrical converter generators for the RV market. They run on fuel and liquid fuel (LP). The Onan QG a pair of800i and 2500i area unit 2.8-kW and 2.5-kW inverter-based generator sets created primarily for sophistication B and truck campers. Furthermore, rising fluctuation in user power demand on yearly basis in line with prolonged power blackout driven by hurricanes and storms primarily on the Atlantic region and Gulf coasts can stimulate the moveable generators market forecasts
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Qualiket Research has segmented the global Portable Generator Market based on Application segment and Power Rating segment, and region
Application Segment*Emergency *Prime/Continuous
Power Rating Segment*Below 5 kW *5-10 kW *10-20 kW
By region*North America *Latin America *Europe *China *Asia Pacific *Middle East & Africa
Key Insights & Findings:*The Emergency segment is the largest contributor in the following market. *The segment is known for using portable generators for shorter durations *The Continuous segment is a helper hand segment for the usage in longer durations *The 5-10kW segment account for largest share in the forecast period. *The other two sub segments play a minor part in the market and has less revenue share. *North America among the region segment is predicted to account for largest market size during the forecast period.
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