Latest industry analysis on portable generators, with key analysis of market drivers, trends, and influencing factors.
As per a revised report published by Fact.MR, the global portable generators market was valued at US$ 700 Mn in 2020, and is anticipated to expand at a CAGR of around 6.5% over the next ten years.
Diesel and gasoline portable generators are seen as major contributors to CO2 emissions. Over the past half-decade, various measures have been taken by governments around the world to curb air pollution. For instance, diesel generators are banned across various cities of Europe citing high levels of emissions.
In order to tackle the emission problem without compromising on electricity supply, market players have come up with hybrid generators that can significantly reduce emissions. Photovoltaic (PV) diesel hybrid generators have garnered increased attention of late.
Moreover, high spending on R&D and innovation has paved the way for innovative hybrid generators, attributed to changing consumer preference along with stringent environmental policies laid down by government bodies.
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“High R&D spending coupled with technological advancements in portable generators is expected to aid market growth over the coming years,” says a Fact.MR analyst.
Portable Generators Key Market Segments Covered
By Power Output
By End Use
By Application
By Region
Competitive Landscape
Fact.MR has profiled the following key portable generator manufacturers in its report:
A fore mentioned players are relying on mix of organic and in organic growth strategies such as product launches, capacity expansion, and collaborations.
For instance, Genrac completed the acquisition of Pika which is a manufacturer of home energy storage system. The acquisition by combining the capabilities of both the companies is trying to expand their market share.
Moreover, Genrac launched portable generators under the brand name XC series that offers power rating ranging from 6.5-8 Kw. The series is designed for commercial and various other purposes.
Similarly, recent developments related to companies manufacturing portable generators have been tracked by the team at Fact.MR, which are available in the full report.
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Key Takeaways from Market Study
Harmonic Generators Market: According to latest research study by Fact.MR, harmonic generators market is set to witness significant growth in terms of volume and value. This will lead to provide promising stance for the manufacturers during the forecast period.
Large Generators Market: The global large generators market is poised to expand at a CAGR of around 5% over the next ten years, with diesel generators remaining most sought-after. Use of large generators in power plants has also be rising across some regions.
Diesel Generators Market: Diesel generators are a reliable and alternative source of voltage power regularly used by residential and commercial spaces. Diesel generators produce electricity by utilizing a diesel engine and alternator.
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