Portable Generator Market: The global market is expected to reach USD 3.5 billion by 2033 from USD 2.2 billion in 2022

According to the report, the global Portable Generator Market is expected to grow from USD 2.2 Billion in 2022, which is expected to reach USD 3.5 Billion by 2033, growing at the CAGR of 6.1% from 2023 to 2033. The portable generator refers to the industry that produces and sells small, mobile power generation units that can be used to provide electricity in a variety of settings, such as outdoor events, camping trips, or as a backup power source during power outages.
The market for portable generators has been growing steadily in recent years due to increasing demand from both residential and commercial customers. Factors driving this growth include a growing number of natural disasters and power outages, an increased need for reliable backup power sources, and a growing interest in outdoor recreational activities.

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Key Highlights:
• The global Portable Generator Market size was valued at USD 2.2 billion in 2022 growing at a CAGR of 6.1% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Portable Generator Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal
The COVID-19 pandemic has had a significant impact on the global economy, and the portable generator market is no exception. The impact has been mixed, with some positive and negative effects. One of the main positive impacts of the pandemic on the portable generator market has been the increased demand for emergency backup power. With people spending more time at home due to lockdowns and social distancing measures, the need for reliable power has increased. Many people have purchased portable generators to ensure that they have backup power in case of a power outage or other emergency. On the other hand, the pandemic has also had negative impacts on the portable generator market. The global supply chain disruptions and raw material shortages have caused delays in the manufacturing and distribution of portable generators.
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Portable Generator market report also includes the following data points:
• COVID19 Impact on Portable Generator market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Portable Generator market

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Key Players
Some of the major Portable Generator players holding high market share include Caterpillar Inc., Atlas Copco, HIMOINSA, Ingersoll Rand , Kirloskar Electric Co. Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Caterpillar Inc.
• Atlas Copco
• HIMOINSA
• Ingersoll Rand
• Kirloskar Electric Co. Ltd
• Inmesol S.L.U
• Kohler-SDMO
• American Honda Motor Company, Inc
• Generac Power Systems
• FG Wilson
• Briggs & Stratton
• Aggreko
• Manlift Group

Segmental Analysis
Market Segment By Fuel with focus on market share, consumption trend, and growth rate of Portable Generator Market:
o Diesel
o Gas
o Others
Market Segment By Application with focus on market share, consumption trend, and growth rate of Portable Generator Market:
o Residential
o Commercial
o Others
Market Segment By Power Rating with focus on market share, consumption trend, and growth rate of Portable Generator Market:
o Below 5KVA
o 5-15kVA
o 15-45kVA
o 45-75kVA
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Global Portable Generator Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific

• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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