Global Portable Generator Market is projected to reach a size of USD 2.7 billion by 2027, at a CAGR of 6.7%, from an estimated USD 1.6 billion in 2021.
Portable Generators are known for the usage of generate electric power in domestic, commercial, and industrial applications. Generating electricity for live commercial events, additional power supply during power outage, electrifying machinery in construction sites, and others are the applications include in the market. Power tools of all sizes, like drills, drives, compressors, and air hammers, are wide employed in the development sector. Moveable generators are utilised majorly for brand spanking new construction comes, wherever most of the work is distributed at the hours of darkness and in conditions wherever power from power grids isn’t accessible.
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Top Players Operated in Portable Generator Market
Rise in instances of power outages due to the aging grid infrastructure and extreme climate has anticipated the market growth. Aging grid infrastructure is additional susceptible to power outages as electricity transmission and distribution infrastructure is that the backbone of the ability sector in any country. Transmission systems that aren’t properly upgraded cannot sustain extra power burden and, in some cases, may also result in the failure of the system, inflicting breakdown.COVID-19 has slowed the expansion of the transportable generator market, as countries were forced to implement lockdowns throughout the primary 1/2 2020. Governments and native authorities issued strict pointers and every one non-essential operations were halted. This adversely affected the transportable generator market because of the suspension of activities of finish users.
In January 2021, Cummins launched QG 2800i and 2500i that area unit hour quieter recreational vehicle electrical converter generators for the RV market. They run on fuel and liquid fuel (LP). The Onan QG a pair of800i and 2500i area unit 2.8-kW and 2.5-kW inverter–based generator sets created primarily for sophistication B and truck campers. Furthermore, rising fluctuation in user power demand on yearly basis in line with prolonged power blackout driven by hurricanes and storms primarily on the Atlantic region and Gulf coasts can stimulate the moveable generators market forecasts
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Qualiket Research has segmented the global Portable Generator Market based on Application segment and Power Rating segment, and region
Application Segment
Power Rating Segment
By region
Key Insights & Findings:
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