Global Portable Generators Market: Market Size, Forecasting 2018-2028

PUNE, India - July 3, 2019 - PRLog -- The global portable generators market is projected to reach USD 4.83 billion by 2028, at a CAGR of 3.4% between 2018 and 2028. According to Quince Market Insights, the increasing demand for portable power backup is one of the factors influencing the demand for portable generators. The report provides a detailed analysis of emerging market trends, market size, and forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc.

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Market Overview

The portable generators market is one of the established markets in the generator manufacturing industry. They are used in numerous activities such as musical shows, weddings, and residential areas for emergency power supply during power cuts. One of the major factors responsible for the growth of the portable generator market is its portable feature. It can be transported and set up to any place where there is a frequent power cut. It is now mostly seen in residential areas as well as hospitals to provide emergency power backup, which is influencing the growth of the portable generators market. Moreover, the use of portable generators in various industries has increased the market value and demand for portable generators.

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Asia Pacific is expected to witness high demand during the forecast period

Asia Pacific is the fastest-growing market for portable generators, owing to high demand from rapidly growing economies such as China, India, South Korea, etc. Moreover, increasing industrialization in countries such as India, China, etc., has positively impacted market growth. Furthermore, an increasing number of hospitals, residential areas, and outdoor activities such as concerts, weddings, etc., in India has led to high demand for portable generators.

Increasing demand for portable power supply systems

Countries in developing regions such as Asia Pacific, the Middle East, and South America have witnessed economic growth in the past few decades. Due to rise in outdoor activities such as concerts, weddings, and functions in remote areas or villages, the demand for portable generators has also increased. Most industries are situated in remote areas where electricity supply is not continuous.

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Major companies manufacturing portable generators, such as Kohler, Briggs &Straton, Honda Motors, Yamaha Motor Corporation, Generac, Cummins Inc., Eaton Corporation Plc., Caterpillar Inc., Champion Power Equipment Inc., and Wacker Neuson, among others, have been profiled in the study to provide a competitive view about the market.

Market Segmentation:

By Fuel Type:

·         Gasoline

·         Diesel

·         Natural Gas

·         Others

By End User:

·         Residential

·         Commercial

·         Industrial

By Power Output:

·         Less Than 3kW

·         3kW-10kW

·         More Than 10kW

By Application:

·         Emergency

·         Main/Continuous

What Does This Report Provide?

This report provides a detailed understanding of the Automotive Seating market from a qualitative and quantitative perspective with a forecast of 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and in-depth analysis of the leading companies operating in the market.

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

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