Residential Generators Market Expected to Reach $15.1 Billion by 2030 | Growing at a CAGR of 4.7%

Allied Market Research published a report on the Residential Generators Market by Type (Stationary and Portable), Fuel Type (Gasoline, Diesel, and Others), and Power Rating (Less than 4 KW, 4- 8 KW, 8-17 KW, and More than 17 KW): Global Opportunity Analysis and Industry Forecast 2020-2030.

The global residential generators market size was valued at $9.5 billion in 2020 and is projected to reach $15.1 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/13471

Residential generators are electrical equipment that generates power for a variety of applications, including outdoor activities, lighting during social events, power backup in emergency scenarios, and power generation in remote construction sites, and temporary camps. Small and mid-sized generators are included in the portable generators' scope, and they can be used both indoors and outdoors. These generators run on a variety of fuels, including diesel, gasoline, natural gas, and others. Multiple product developments have resulted from changes in lifestyle and an increased need for user-friendly items.

Environmental regulations imposed by the EPA in North America and Latin America are likely to boost the demand for household gas generators. However, the rise in worldwide population is expected to surge the demand for power backup, which is expected to fuel the demand throughout the projection period.

The residential generator market is segmented into fuel type, type, power rating, and region. By fuel type, the residential generators market is divided into gasoline, diesel, and others. The diesel segment accounted for the largest share in 2020, while the gasoline segment is projected to grow at the highest CAGR of 4.9%.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/residential-generators-market-A13106

By type, the market is classified into stationary and portable. In 2020, the portable fuel type held the largest share of the market, while the stationary segment is projected to grow at the highest CAGR of 4.6%.

By power rating, the 4- 8 KW segment accounted for the largest share in 2020, while the 8-17 KW segment is projected to grow at the highest CAGR of 4.9%.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Residential Generators industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Caterpillar Inc.
KOHLER CO.
HONDA MOTOR CO., LTD.
GENERAC HOLDINGS INC.
Atlas Copco AB
BRIGGS & STRATTON
Scott's Emergency Lighting
Champion Power Equipment, Inc.
Cummins Inc.
EATON CORPORATION PLC

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/residential-generators-market.html

By region, the Asia-Pacific region is expected to witness robust growth. Advancements in industrial development along with construction sites are expected to boost the demand for portable generators.

The major companies profiled in this report include Atlas Copco AB, Briggs & Stratton Corporation, Caterpillar Inc., Champion Power Equipment, Inc., Cummins Inc., Eaton Corporation PLC, Generac Holdings Inc., Honda Motor Co Ltd, Kohler Co., and Scott's Emergency Lighting. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

1. By region, Asia-Pacific is projected to grow at the highest CAGR of nearly 4.9%, in terms of revenue, during the forecast period.

2. By type, the portable segment accounted for the largest market share in 2020.

3. By fuel type, the diesel segment garnered the largest market share in 2020.

4. By power rating, the 4- 8 KW segment garnered the largest market share in 2020.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/13471

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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