MARKET OVERVIEW
In the present times, a power outage indicates an unexpected termination of connectivity with the rest of the globe. Present fast-paced world which is firmly networked over a virtual space, an interruption in connectivity sternly deterrents smooth operability of commerce. This leads to interferences in accomplishment of mission critical tasks, irreparable harm to an establishment's repute, loss of faith amongst customers, and ultimately, forfeit of revenues. Snowballing implementation of portable generators owed to a speedily rising construction sector is also pushing market growth. Power tools of different sizes including drives, drills, air hammers, and compressors are widely employed in the construction industry. Portable generators are employed widely for novel construction projects, where most of the activity is conducted at night and in circumstances where power from power grids is not reachable.
MARKET SCOPE
The "Global Portable generator Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the portable generator with detailed market segmentation by fuel type, power rating, application, and geography. The global portable generator is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading portable generator players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global portable generator is segmented on the basis of fuel grade, end user and commercial distributor.
- On the basis of fuel type, the portable generator is segmented into diesel, gasoline, natural gas, and others.
- The portable generator on the basis of the power rating is classified into below 3KW, 3-10 KW, 10-15 KW, 15-20 KW, and 20-25 KW.
- Similarly, on the basis of application the portable generator is bifurcated into outdoor events, construction, residential, military, emergency response, and others.
MARKET DYNAMICS
Drivers
- Increasing instances of power outages owing to aging grid infrastructure and extreme weather conditions.
- Increasing adoption of dual fuel and inverter portable generators
Restraints
- Limited power generation capacity of portable generators.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The portable generator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the portable generator market in these regions.
IMPACT OF COVID-19 ON PORTABLE GENERATOROIL MARKET
COVID-19 has slowed the growth of the portable generator market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the portable generator market owing to the suspension of activities of end users.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the portable generator market, since end-user industries were still not operating at their full capacity.
MARKET PLAYERS
The report covers key developments in the portable generator market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from portable generatoroilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for portable generator market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Portable generator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cummins, Inc
- Generac Power Systems Inc
- Kohler Co
- Multiquip, Inc
- WINCOWackerNeuson SE
- Harrington Generators International Ltd
- Briggs & Stratton Corporation
- Caterpillar Inc
- Honda Siel Power Products Ltd.
- World Fuel Services Corporation.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.