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Commercial Portable Generators Emerging Trends, Technology and Growth
Commercial Portable Generators
The report offers actionable and valuable market insights of Commercial Portable Generators. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Commercial Portable Generators Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Commercial Portable Generators, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Commercial Portable Generators Market.
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.
Key Takeaways from Market Study
The global portable generators market is anticipated to add a significant value by 2031.
The residential and commercial segment is expected to capture major chunk of the market share over the next ten years.
On the basis of power output, portable generators with power output ranging from 1.0-3.0 Kw hold substantial part of total revenue share of the market.
Asia Pacific set to dominate global market revenue in 2021 and beyond.
The market in Africa expected to rise at a high single-digit CAGR through 2031.
Due to the COVID-19 crisis, demand for portable generators was hit in 2020, which saw a decline. But with the manufacturing industry back on track, demand is expected to bounce back over the coming months.
“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.
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Winning Strategy
Market players have been spending on research & development to come up with new, innovative products such as hybrid generators. These enhancements will drive the growth of the portable generators industry in the medium- to the long-term forecast period.
Key Market Segments Covered
By Power Output
Less than 1.0 KW Portable Generators
TO 3.0 KW Portable Generators
TO 5.0 KW Portable Generators
More than 5.0 KW Portable Generators
By End Use
Commercial Portable Generators
Residential Portable Generators
Industrial Portable Generators
Agricultural Portable Generators
Others
By Application
Standby Backup Power Portable Generators
Continuous Power Portable Generators
By Region
North America
Latin America
Europe
Japan
APEJ
MEA
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Key Question answered in the survey of Commercial Portable Generators market report:
Sales and Demand of Commercial Portable Generators
Growth of Commercial Portable Generators Market
Market Analysis of Commercial Portable Generators
Market Insights of Commercial Portable Generators
Key Drivers Impacting the Commercial Portable Generators market
Which are the Key drivers impacted by Commercial Portable Generators market
Restraints Shaping Market Growth
Market Survey of Commercial Portable Generators
More Valuable Insights on Commercial Portable Generators Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Commercial Portable Generators, Sales and Demand of Commercial Portable Generators, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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