Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.9 Billion | USD 5.9 Billion | 5.5% | 2022 |
FrequentlyAsked Questions
When a traditional power source is unavailable or unstable, a portable generator can be used to generate energy. Portable generators are small and adaptable power-producing tools. These generators are frequently portable, lightweight, and useful for a variety of uses, including camping, outdoor gatherings, construction sites, and emergency backup power during blackouts or natural disasters. There are many different power capabilities and fuel kinds for portable generators, including gasoline, diesel, propane, and natural gas.
Growing concerns about power stability for uninterrupted business operations during natural disasters would support market expansion. The demand for uninterrupted and reliable power supply is a critical factor in the rise in portable generator market revenue.
According to the report, the global portable generator market size was worth around USD 3.9 billion in 2022 and is predicted to grow to around USD 5.9 billion by 2030.
The global Portable Generator market is expected to grow at a CAGR of 5.5% during the forecast period.
The global Portable Generator market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the increasing industrialization.
The global Portable Generator market is dominated by players like Generac Holdings Inc., Briggs and Stratton LLC, Atlas Copco AB, Caterpillar Inc., KAZANCI HOLDING, Cummins Inc., Deere and Co., Doosan Corp., Eaton Corp. Plc, H.S. ENGINEERS, Himalayan Power Machines Co., Honda Motor Co. Ltd., Honeywell International Inc., ITOCHU Corp., Kirloskar Oil Engines Ltd., Siemens AG, Skyline Power Solutions, Wacker Neuson SE, Yamaha Motor Co. Ltd., and Yanmar Holdings Co. Ltd. among others.
The Portable Generator market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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