The Asia Pacific Portable Generator Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
A reliable and constant power supply is necessary for the industrial and manufacturing sectors, and it is anticipated that as these industries expand, the dynamics will change. Thus, the market is anticipated to be driven by the rising requirement for a reliable power supply throughout the forecast period. Where electricity is unavailable or temporarily needed, the portable generator supplies power. Electricity is produced using an onboard converter turned by a gasoline engine that powers portable generators. These generators are commonly used in daily operations in all tasks and leisure sites and provide portable, temporary electric power.
The speed of an inverter portable generator varies according to the amount of power needed to complete a task; the more power needed, the faster the engine operates, which increases fuel efficiency. Additionally, some portable generators have fixed speed set points, which aids in reducing the frequency with which loads change when small loads come in and off. Diesel, gas, and other fuels are used to power portable generators that consumers use daily.
The growth of the market is mostly attributed to the expansion of manufacturing facilities, infrastructural projects, and commercial complexes. Due to its low cost, the nation largely favors diesel generators. With its quickly developing economy, rising need for power, and expanding infrastructure development, China has seen a major increase in generator sales over the past few decades. The Chinese government made significant investments in infrastructure construction, particularly in the power sector, which increased the demand. Additionally, the region's rising urbanization as a result of population expansion has raised the demand for electricity, which has increased the need for standby power sources.
The China market dominated the Asia Pacific Portable Generator Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $335.3 million by 2030. The Japan market is poised to grow at a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would display a CAGR of 7.1% during (2023 - 2030).
Based on Application, the market is segmented into Emergency, and Prime/Continuous. Based on End User, the market is segmented into Residential, Commercial, and Industrial. Based on Power Rating, the market is segmented into 5 -10 KW, Below 5 KW, and More than 10 KW. Based on Product Type, the market is segmented into Conventional Generator, and Inverter Generator. Based on Fuel, the market is segmented into Gasoline, Diesel, Natural Gas, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Portable Generator Market is Projected to reach USD 3.4 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Generac Holdings, Inc., Atlas Copco AB, Honeywell International, Inc., Caterpillar, Inc., Wacker Neuson SE, Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Kohler Co., and Briggs & Stratton, LLC (KPS Capital Partners)
By Application
By End User
By Power Rating
By Product Type
By Fuel
By Country
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