Press release
Portable Generators Market Size, Demand, Overview and Forecast To 2026 | Key players are John Deere, Briggs & Stratton, Honeywell, Westinghouse
Portable Generators Market
The size of Portable Generators Market was registered at USD 5 billion in the year 2019 and is anticipated to cross USD 10 billion by 2026. Between the period 2020-2026, the Portable Generators Market is expected to register a CAGR of 06%.
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In Portable generators market New advancement trends have placed the portable gensets market at the forefront of generator technology. Citing an instance, Generac, a Fortune 1000 American manufacturer of backup power generation products has recently introduced a new controller platform onto its MDG25 compact mobile diesel generator. The controller is aimed at simplifying the usage of the company’s portable genset for end-users who are unfamiliar with the operations of such an equipment. Undoubtedly, these novel innovations and product-driven approaches would significantly impel the industries to grow further.
APAC portable generators market size will expand considerably in the coming years. Large-scale power consumption and rapid economic growth in nations like China and India is further expanding Asia Pacific. According to the U.S. Energy Information Administration, the industrial sector in China consumed 71 quadrillion Btu (British Thermal Units) in 2015, while by the year 2040, this value is projected to reach over 80 quadrillion Btu. This will impel APAC portable genset market further.The establishment of new industrial facilities and technological enhancements in the APAC along with the regional expansion of waste heat to power market will augment the regional portable gensets industry share.
Partial Table of Contents (ToC) of the report:
Chapter 4 Global Market, By Power Rating
4.1 Global portable generators market share by power rating, 2018 & 2025
4.2
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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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