DUBLIN--(BUSINESS WIRE)--The "Portable Generators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Portable Generators Market to Reach $3 Billion by 2027
Amid the COVID-19 crisis, the global market for Portable Generators estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027.
Emergency, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Prime/continuous segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $750.5 Million, While China is Forecast to Grow at 5.6% CAGR
The Portable Generators market in the U.S. is estimated at US$750.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$445.7 Million by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- A Prelude to Portable Generators
- Portable Generators: Global Growth Prospects and Outlook
- Diesel Generators Dominate the Market
- Gasoline Generators to Witness the Fastest Growth
- Prime/Continuous Power Generators to Grow at the Fastest Rate
- Residential Sector: Largest End-Use Market
- Demographics & Societal Developments Accelerate Demand for Portable Residential Generators
- Replacement Demand to Sustain Demand for Residential Generators in Mature Developed Markets
- Growing Investments in Smart Homes Drive Strong Business Case
- US Dominates, Asia-Pacific to Witness Fastest Market Growth
- Competitive Market Presence - Strong/Active/Niche/Trivial for 69 Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 69 Featured)
- Atlas Copco AB
- Briggs & Stratton Corporation
- Caterpillar, Inc.
- Champion Power Equipment
- Eaton Corporation PLC
- Generac Power Systems, Inc.
- Honda Motor Co., Ltd.
- Honeywell International, Inc.
- Kohler Co.
- Kubota Corporation
- Siemens AG
- Wacker Neuson SE
- Yamaha Motor Co., Ltd.
3. MARKET TRENDS & DRIVERS
- Increasing Number of Weather-related Power Outages
- Weather-related Power Outages in Recent Years
- Impact of Heat Waves on Grid Stability
- Impact of Severe Weather on Security Systems
- Detroit Gears Up to Enhance Power Grid Security
- Rising Demand for Portable and Onsite Generators
- Exponential Increase in Global Population, and Heavily Burdened Electric Power Infrastructure Benefit Market Expansion
- Global Economic Environment Influences Demand Dynamics in the Portable Generators Market
- Exponential Increase in Urbanization Rate: A Mega Trend Favoring Market Expansion
- Need for Continuous Power Supply Drive Widespread Adoption of Portable Generators
- Rise in Construction Activity to Drive Market Growth
- Projected Increase in Construction Investments Favors Portable Generators Market
- Technological Advancements Drive Portable Generators
- Select Top Portable Generators with Wireless Remote Start Functionality
- Increasing Demand for Biofuel Portable Generators
- Growing Popularity of Automatic, Intelligent, and Smart Generators Drive Healthy Market Growth
- Advanced Technology and Connectivity Make Residential Generators Smarter
- Automatic Generators Integrated with Smart Technologies
- Evolving Smart Cities Necessitates Continuous Power Supply, Driving the Demand for Portable Generator
- Select Product Innovations and Launches
- Stringent Environmental Regulations to Limit Carbon Emissions Restrain Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/5azs7r