Portable Generator Market Research Report- Forecast to 2023
Portable Generator Market to 2023 | Report on Industry
Insights, Market Overview, Top Company Players and Comprehensive Analysis
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Copyright Š 2018 Market Research Future.
Portable Generator Market Research Report- Forecast to 2023
1 Summary Portable generators are internal combustion engines used to generate electricity. They are very useful when temporary power is needed. They offer a reliable backup source of power during electrical power outages and also provide assistance during severe weather conditions, such as ice or wind storms. According to MRFR analysis, the market for portable generators is increasing at a rapid pace and is projected to increase significantly throughout the forecast period, mainly due to increasing demand for electricity across the globe. The portable generator market is expected to have a great number of expansions over the forecast period due to constant technological advancement in energy sector, coupled with increased power demand. The portable generator market is also expected to have high development activities by conglomerates and well-established companies.
Top Key Players:
The key players in global portable generator market are Honda Motor Co., Ltd (Japan), Briggs & Stratton Corporation (U.S.), Generac Power Systems, Inc. (U.S.), Yamaha Motor Corporation (Japan), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Kohler Co. (U.S.), Eaton Corporation Plc (Ireland), Champion Power Equipment, Inc. (U.S.), Siemens AG (Germany), MTU Onsite Energy (U.S.), Honeywell International Inc. (U.S.), Wacker Neuson Group (Germany), SmarterTools Inc. (U.S.), and Atlas Copco (Sweden).
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Copyright Š 2018 Market Research Future.
Portable Generator Market Research Report- Forecast to 2023
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Market Overview
The global portable generator market has been segmented based on fuel type, power rating, application, end-user, and region. Based on application, the market is segmented into base load, standby power, and peak shaving. Among these, the standby power is an important application segment of the market. Standby power signifies an electrical power generation facility that is operated only during disruptions of electrical service from the distribution system. The peak shaving segment is expected to contribute significantly in the global portable generator market during the forecast period, due to energy-intensive industries. The peak shaving power generator is largely preferred among industries that want to steer clear of power suspension during peak and non-peak hours.
Segmentation:-
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Copyright Š 2018 Market Research Future.
Portable Generator Market Research Report- Forecast to 2023
3 Market Research Analysis On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region dominates the global portable generator market. Aging grid substructure and natural calamities causes frequent power outages and continuously growing demand from industrial sector is fuelling the growth of the market in the region. The U.S. is the largest contributor in North America as well as the global portable generator market. Asia Pacific region is expected to grow at the highest CAGR during the forecast period, majorly due to factors such as the continuous growth of constructional and developmental activities. China, India, Japan, and Thailand are the key contributors to the Asia Pacific market. China accounts for the largest market share in the region due to rapid growth in the urbanization and industrial development.
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Copyright Š 2018 Market Research Future.
Portable Generator Market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.