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Portable Generator Market size worth USD 2.90 Billion, Globally, by 2028 at 7.09% CAGR: Verified Market Research®

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Verified Market Research

13 Sep, 2023, 14:30 GMT

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The "Global Portable Generator Market Size By Fuel Type, By End User, By Power Rating, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Portable Generator Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., Sept. 13, 2023 /PRNewswire/ -- The Global Portable Generator Market is projected to grow at a CAGR of 7.09% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.67 Billion in 2020 and is expected to reach USD 2.90 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=11152

Browse in-depth TOC on "Portable Generator Market"

202 - Pages
126 – Tables
37 – Figures

Global Portable Generator Market Poised for Robust Growth: Market Drivers, Outlook, and Key Players

The global Portable Generator Market is on the cusp of substantial growth, driven by a confluence of factors that are reshaping the industry landscape. Key players in this dynamic market, including Atlas Copco, Briggs & Stratton, Caterpillar, Champion, Eaton, Honda, Kohler, Kubota, Siemens, and Yamaha, are poised to capitalize on emerging opportunities as the market evolves.

Portable Generator Market Drivers:

The portable generator market is experiencing an upward trajectory, fueled by several compelling market drivers:

  • High Demand in Key Markets: Countries such as the United States, Mexico, and Puerto Rico are witnessing a surge in demand for portable generators, underpinned by the need for reliable power sources in both residential and commercial settings.
  • Weather-Related Power Outages: The increasing frequency of weather-related power outages has underscored the importance of backup power solutions. This has resulted in a heightened demand for portable generators to ensure uninterrupted power supply during adverse weather conditions.
  • Sustainable Energy Sources: The global shift towards sustainability and environmental consciousness has led to a growing preference for portable generators powered by biofuels. Biofuels, with characteristics similar to petroleum-based fuels, offer a sustainable and eco-friendly alternative, aligning with the rising awareness of global warming.

Portable Generator Market Outlook:

The global portable generator industry is set to witness robust growth in the coming years, with the following key insights into its future:

Environmental Regulations and Compliance: Stringent environmental regulations aimed at controlling carbon emissions pose a challenge to the industry. Federal, state, and local agencies such as the Central Pollution Control Board (CPCB) in India, the U.S. Environmental Protection Agency (EPA), and the European Environmental Agency are closely monitoring and regulating emissions from generators. Additionally, the requirement for Type Approval Certificates for each generator further underscores the importance of environmental compliance.

Asia Pacific Growth: The Asia Pacific region is expected to be the fastest-growing Portable Generator Market in the forecasted period. Economic powerhouses like India and China are driving this growth, thanks to burgeoning building and construction activities, propelled by government initiatives such as smart cities and green building projects. These initiatives are anticipated to stimulate demand for portable generators across the region.

Portable Generator Market Key Players:

Leading companies at the forefront of the global portable generator market include:

  • Atlas Copco
  • Briggs & Stratton
  • Caterpillar
  • Champion
  • Eaton
  • Honda
  • Kohler
  • Kubota
  • Siemens
  • Yamaha

These key players are poised to leverage market growth opportunities, innovate, and collaborate to maintain their competitive edge in the dynamic portable generator market.

The global portable generator market is primed for significant expansion, driven by the growing demand for reliable power solutions, sustainability trends, and economic growth in key regions. The key players in the industry, including Atlas Copco, Briggs & Stratton, Caterpillar, Champion, Eaton, Honda, Kohler, Kubota, Siemens, and Yamaha, are well-positioned to capitalize on these opportunities and drive innovation in the sector

To get market data, market insights, financial statements and a comprehensive analysis of the Global Portable Generator Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Portable Generator Market into Fuel Type, End User, Power Rating, And Geography.

  • Portable Generator Market, by Fuel Type
    • Diesel
    • Gasoline
    • Natural Gas
    • Others
  • Portable Generator Market, by End User
    • Commercial
    • Industrial
    • Residential
  • Portable Generator Market, by Power Rating
    •  Less than 5kW
    •  5–10kW
    •  Above 10kW
  • Portable Generator Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    •  ROW
      •  Middle East & Africa
      •  Latin America

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Visualize Portable Generator Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com   
Web: https://www.verifiedmarketresearch.com/  
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