Portable Generator Market: Overview The portable generator market expects to gain a good growth trajectory across the assessment period of 2020-2030 on the back of the rising demand from a large number of industries. Several nations have poor electricity infrastructure. Frequent power outages lead to tremendous losses among medium and small enterprises. For uninterrupted power supply, portable generators prove to be a boon. Thus, all these factors bring good growth prospects for the portable generator market. Natural calamities are striking at an unprecedented rate across various regions around the world. Earthquakes, floods, tsunamis, hurricanes, and others lead to great damage and disrupt the electricity supply.
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A portable generator is a diesel or gas-powered device that provides temporary electrical power. It is a common device used across many applications.
Portable generators are available in various power ranges such as low power (8-20KW), medium power (21-370KW), and high power (371-450KW). The prominent types of fuel used are gas and diesel.
The utilization of portable generators in industries such as mining, construction, oil and gas, and others will bring profitable growth for the portable generator market. The overwhelming use of portable generators in the residential sector will lay a red carpet of growth.
The urbanization and industrialization levels across many nations are increasing rapidly. With the increase in these levels, commercial and industrial activities are also expanding.
Therefore, these activities prove to be growth accelerators for the portable generator market.
The report on the portable generator market by TMR Research helps the stakeholders and CXOs to explore varied aspects related to growth. The report has extensive information on a plethora of factors such as geographical dimensions, competitive trends, latest developments, and the threats across the portable generator market.
Furthermore, the report focuses on the impact of the COVID-19 outbreak on the portable generator market. The rising prevalence of COVID-19 and the economic impact of the outbreak on the portable generator market have been mentioned in detail.
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Portable Generator Market: Industrial Insights
The portable generator market is highly fragmented. All the players are involved in intense competition.
The players strengthen their position in the market through novel product launches and innovative upgrades. Manufacturers in the portable generator market are also involved in strategic collaborations.
Some well-entrenched players in the portable generator market are;
American Honda Motor Company, Inc.
Portable Generator Market: Key Trends
Sustainability Playing a Larger Role in the Growth of the Portable Generator Market
Manufacturers in the portable generator market are focusing on innovation and developments in terms of sustainability. The players are designing portable generators that run on biodiesel or other types of biofuel.
The pollution caused due to diesel or gas in the generators causes great harm to the environment. As many individuals are becoming aware of environmental conservation, they are adopting eco-friendly measures and devices.
All these factors are urging manufacturers in the portable generator market to adopt novel types of generators that support biofuels.
Heightening Incidents of Natural Calamities to Expand the Growth Aspects
Natural calamities are striking at an unprecedented rate across various regions around the world. Earthquakes, floods, tsunamis, hurricanes, and others lead to great damage and disrupt the electricity supply.
Hence, the rising number of natural calamities will bring profitable growth opportunities for the portable generator market.
Portable Generator Market: Regional Prospects
North America’s portable generator market is expected to contribute extensively across the assessment period of 2020-2030. The growing number of power failures due to frequent natural calamities will serve as a vital growth-generating factor for the portable generator market in North America.
The portable generator market in Asia Pacific will also observe rapid growth due to the absence of electricity in remote areas.
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