Global $6+ Billion Portable Generator Market Overview 2020: Growth, Demand and Forecast Research Report to 2025
According to new research report by IMARC Group, the global portable generator market size reached US$ 4.6 Billion in 2019. The market is further projected to reach a value of US$ 6.7 Billion by 2025, exhibiting a CAGR of 6.5% during 2020-2025.
Portable generators are designed to provide temporary AC power for non-hardwired, stand-alone applications. They are widely adopted as backup devices comprising of an internal combustion engine, starter, alternator, fuel tank, and outlets assembled onto a metal frame in a single unit. The low-end models of portable generators support few basic home appliances, whereas the high-end models provide power backup for the entire house.
Portable generators are gaining popularity among the consumers as they are convenient to use and are cost-effective. Portable generators are widely adopted across construction sites to support the operation of power tools, such as paint sprayers, air compressors, drills, saws, etc. to provide optimal output with reduced fuel consumption. Moreover, the growing urbanization coupled with increasing incidences of power grid failures has led to the rising adoption of portable generators to ensure uninterrupted electricity supply. Furthermore, the manufacturers are introducing portable generators with lower greenhouse gas emissions due to the increasing environmental concerns across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/portable-generator-market/requestsample
Global Portable Generator Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the leading players operating in the market are:
Briggs & Stratton Corporation
Honda Motor Co., Ltd.
Eaton Corporation PLC
Generac Power Systems, Inc.
For more information about this report visit: https://www.imarcgroup.com/portable-generator-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Follow us on twitter: @imarcglobal