Dec 11, 2020   SOURCE: BusinessWire

Global Portable Generator Market 2020-2024 | Residential End-users to Exhibit Maximum Demand | Technavio

The new portable generator market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Global Portable Generator Market 2020-2024 (Graphic: Business Wire).

Technavio has announced its latest market research report titled Global Portable Generator Market 2020-2024 (Graphic: Business Wire).

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the portable generator market.

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"One of the primary growth drivers for this market is the unreliable power grid infrastructure in developing countries”, says a senior analyst for Industrials at Technavio. As the markets recover Technavio expects the portable generator market size to grow by USD 680.03 million during the period 2020-2024.

Portable Generator Market Segment Highlights for 2020

  • The portable generator market is expected to post a year-over-year growth rate of -5.11%.
  • Based on the end-user, the residential segment led the market in 2019. The growth of the segment can be attributed to increasing residential construction activities worldwide.
  • The market growth in the segment will be significant over the forecast period.

Regional Analysis

  • 51% of the growth will originate from the APAC region.
  • APAC is expected to offer significant opportunities for vendors during the forecast period.
  • China, Japan, and India are the key markets for portable generator in APAC.

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Notes:

  • The portable generator market size is expected to accelerate at a CAGR of about 2% during the forecast period.
  • The portable generator market is segmented End-user (Residential, Commercial, and Industrial and infrastructure), Type (Diesel and Gas), and Geography (APAC, Europe, North America, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Atlas Copco AB, Briggs & Stratton Corp., Caterpillar Inc., Cummins Inc., Eaton Corp. Plc, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., ViacomCBS Inc., and Yamaha Motor Co. Ltd.

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