Low Capacity Portable Generator Market
Low Capacity Portable Generator Market is projected to reach a size of USD 2.5 billion by 2026, at a CAGR of 6.7%, from an estimated USD 1.8 billion in 2021. Need for backup power during power outages is a key factor driving the growth of the portable generator market.
Despite the fact that energy is essential for a nation’s economic growth, many of them lack an adequate grid infrastructure. Small and medium-sized enterprises (SMEs) as well as commercial districts are significantly impacted by inadequate power supply. In addition to providing a reliable power supply in the event of a blackout, portable generators also contribute to the expansion of the portable generator industry. The developments in the global portable generators market over the next few years will be shaped by ongoing infrastructure construction, frequent outages, insufficient power supply, and shifting consumer needs.
A quick increase in business has been caused by the global Low Capacity Portable Generator market, expanding demand, and increasing globalisation of business. The market for low capacity portable generators is expanding quickly all over the world as a result of the main market players increasing their R&D spending and implementing IoT and AI technologies. In the foreseeable future, rising government spending on urbanisation is anticipated to boost market expansion. Over the forecast period, the market is anticipated to expand steadily. A competitive and diverse market has been produced as a result of the ecosystem’s inclusion of important companies. The worldwide peptide therapeutics market is anticipated to enhance digital transformation initiatives across numerous industries over the study period.
Driver: An increase in power outages as a result of deteriorating grid infrastructure and severe weather
As the foundation of any nation’s power sector is its transmission and distribution of electricity, grid infrastructure that is getting older makes it more susceptible to power outages. Transmission systems that have not been properly modernised cannot support increased power demands and, in extreme situations, can even fail, resulting in a power outage. In industrialised nations, transmission and distribution networks were set up quite some time ago, and even with routine maintenance, the infrastructure will eventually deteriorate over time. The National Association of Regulatory Utility Commissioners in the US estimates that coal, gas, and nuclear power plants can operate effectively for about 40 years. Its life
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Global Low Capacity Portable Generator Market: Major Players
Multiquip
Honda Power Equipment
Winco
Briggs and Stratton
Powerdyne International
Kohler
Champion Power Equipment
Honeywell International
Generac Holdings
Pramac
Scott’s Emergency Lighting and Power Generation
Eaton
Global Low Capacity Portable Generator Market: Types
Diesel
Gasoline
Others
Global Low Capacity Portable Generator Market: Applications
Commercial Use
Residential Use
Industrial Use
Others
Global Low Capacity Portable Generator Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Low Capacity Portable Generator report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Effects of Covid-19 on Portable Generators with Low Capacity
Many industries are currently dealing with the COVID-19 pandemic’s economic effects, and many businesses are suffering through an unprecedented downturn. It will take a long time for major economies to recover to their pre-pandemic growth levels.
The COVID-19 epidemic has impacted the supply chain and raw materials, which has impacted worldwide industrial production. The pandemic has significantly impacted the industrial industry globally. Businesses are altering their supply chains, particularly those in sectors that depend on imports.
