Portable Generator Market Worth $2.5 Billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, April 12, 2021 PRNewswire/ -- According to the new market research report "Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5–10 kW, 10–20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Portable Generator Market size will grow to USD 2.5 billion by 2026 (forecast year) from USD 1.8 billion in 2021 (estimated year), at a CAGR of 6.7% during the forecast period. Need for backup power during blackouts is one of the key factors driving the growth of the Portable Generator Market.  Increase in adoption of dual fuel and inverter generator to offer lucrative opportunities for the Portable Generator Market during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195875841

The emergency segment is expected to dominate the Portable Generator Market, by application, during the forecast period.

The emergency segment, by application, is projected to hold the highest market share during the forecast period. The growth of this segment is driven by increasing weather-related power outages and aging power generation & distribution networks. Portable generators that are used for shorter durations during outages are known as emergency generators. These generators have an average running time of 10–12 hours with a single filling of the tank. Emergency portable generators are mainly used when natural calamities such as storms, heavy rains, and heat waves disrupt the transmission & distribution infrastructure. Inadequate power generation infrastructure and poor grid networks in developing countries have forced small-scale manufacturers and businesses to rely on emergency portable generators.

Browse in-depth TOC on "Portable Generator Market"

249 – Tables
55 – Figures  
228 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/portable-generator-market-195875841.html 

The natural gas segment is expected to be the fastest-growing Portable Generator Market, by fuel, during the forecast period.

Natural gas based Portable Generator Market is expected to witness the highest growth rate during the forecast period. Natural gas-powered portable generators are cost effective, efficient to operate, and better for the environment as they are considered the cleanest burning fuel. Furthermore, natural gas-powered portable generators also produce less noise pollution.

Natural gas can be easily stored for longer periods in tanks and used when required. Such portable generators are used during frequent blackouts and in areas prone to natural disasters, which is the reason for its increasing demand in the Portable Generator Market globally. Companies such as Kohler, Honeywell, Champion, DuroMax, and Honda manufacture gas-powered portable generators.

North America likely to emerge as the largest Portable Generator Market

In this report, the Portable Generator Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. North America region has been segmented, by country, into the US, Canada, and Mexico. The US and Canada, which are among the largest consumers in this region as well as globally, constitute the largest share of the Portable Generator Market. Power outages, penetration of the natural gas network, and high peak time electricity costs are expected to drive the Portable Generator Market in this region.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=195875841 

In the US, the major driver for the growth of portable generators in the country is increasing weather-related incidents such as storms, heavy rains, and heat waves, which creates power outages in the country. According to the US Department of Energy, major weather-related power outages cost businesses between USD 18 billion and USD 33 billion annually. This is likely to further propel the demand for Portable Generator Market in the country.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Portable Generator Market.

Some of the key players are Honda (Japan), Generac (US), Caterpillar (US), Atlas Copco (Sweden), and Yamaha (Japan). The leading players are adopting various strategies to increase their share in the Portable Generator Market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=195875841 

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Browse Related Reports:

Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/asia-pacific-generator-sales-market-150307902.html

Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (<100 KVA, 100-350 KVA, 350-1000-2500 KVA, 2500-5000 KVA, >5000 KVA), End-User (Residential, Commercial, Industrial)- Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/generator-sales-market-47544335.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.comResearch 
Insight: https://www.marketsandmarkets.com/ResearchInsight/portable-generator-market.asp 
Visit Our Web Site: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/portable-generator.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg