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Monday, October 4, 2021

Global Portable Generator Market to be Driven by the Rapid Technological Advancements in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Portable Generator Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global portable generator market, assessing the market based on its segments like power rating, fuel type, power output, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.


Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.


Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/portable-generator-market/requestsample


The key highlights of the report include:


Market Overview (2016-2026)


Historical Market Size (2020): USD 4.1 billion

Forecast CAGR (2021-2026): 6% 

Forecast Market Size (2026): USD 5.8 billion


The global portable generator industry is being driven by the global business downtime caused by weather-related power outages has resulted in a greater demand for uninterrupted power supply. This is a major factor driving the demand for portable generators. As a result of the rapidly expanding construction industry, the growing acceptance of mobile generators is also propelling the portable generator industry forward. Furthermore, portable generators are typically used for new construction projects where most of the work is done at night and when energy from power grids is unavailable. The market's leading suppliers have embraced product launch as their primary growth strategy in order to gain a significant market share, diversify their product and service portfolios, and maintain intense competition. Furthermore, businesses have adopted partnership strategies for introducing new technology, improving operational performance, and innovating.


Industry Definition and Major Segments


Portable generators are used to generate electricity for household, commercial, and industrial purposes. Portable generators are intended to provide temporary alternating current (AC) power for non-hardwired, stand-alone applications.


Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/portable-generator-market


Based on fuel types, the industry can be divided into:


Portable Diesel Generators 

Portable Gas Generators

Others 


Based on the power output, the industry is divided into:


Less than 3 kW

3-10kW

More than 10kW


On the basis of applications, the industry can be segmented into:


Residential 

Commercial 

Industrial

Infrastructure


The regional markets include:


North America

Europe

Asia Pacific

Latin America

Middle East and Africa


Market Trends


The rising prevalence of the popularity of portable generators among consumers as they are easy to use and cost-effective. Portable generators are commonly used on construction sites to power tools such as paint sprayers, air compressors, drills, and saws, and to give optimal performance while consuming less fuel. Furthermore, as cities become more densely populated and power grid breakdowns become more common, portable generators are becoming more popular as a backup power source. Moreover, in response to growing environmental concerns around the world, manufacturers are offering portable generators with lower greenhouse gas emissions.


Key Market Players


The major players in the market are   Briggs & Stratton, Cummins Inc., Honda Motor Co., Ltd., Eaton, Generac Power Systems, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.


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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.


About Us:


Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.


At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.


We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.


Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.


Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.


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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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