Top Companies in Portable Generator Market | Industry Major Players Strategies, Regional Growth Analysis by Vantage Market Research
The market for Portable generators is expanding due to rising demand for affordable and diesel-powered generator units, shifting preferences toward natural gas-powered units, and rising consumer knowledge of Portable generators.
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Market Overview:
Global Portable Generator Market is valued at USD 1.5 Billion in 2021 and is projected to reach a value of USD 2.3 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 6.5% over the forecast period. Across the world, company downtime due to weather-related power outages is rising, highlighting the importance of ensuring a constant power supply. This is a significant factor that affects the demand for goods. The market is growing because of factors such as the increasing demand for portable generators in areas prone to natural calamities and the developing construction industry. Tools like drills, motors, compressors, and air hammers, in addition to much larger machinery, are used frequently and extensively in the construction business. Portable generators are widely used on construction sites because the majority of the work is performed at night and in locations where access to electricity from power grids is not accessible. Therefore, increasing demand for portable generators is anticipated to drive industry development.
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Some of the key players operating in the Portable Generator Market are listed below:
|
Company Name |
Revenue in the USD |
|
$52 Billion |
|
$24 Billion |
|
$13 Billion |
|
$12 Billion |
|
$19 Billion |
|
$34 Billion |
Globally, Caterpillar Inc. produces and distributes industrial gas turbines, diesel and natural gas engines, and mining and construction equipment. Its Construction Industries division provides wheel excavators, compact, small, and medium wheel loaders, track-type tractors and loaders, backhoe loaders, compactors, cold planers, excavators, motor graders, pipe layers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles. It also offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain
Diesel and natural gas engines, electric and hybrid power trains, and related components are all created, manufactured, distributed, and serviced globally by Cummins Inc. Engine, Distribution, Components, Power Systems, and New Power are its five operational segments. The company offers diesel and natural gas-powered engines for heavy- and medium-duty trucks, buses, recreational vehicles, light-duty automobiles, construction, mining, marine, rail, oil and gas, defense, and agricultural markets Cummins and other customer brands. It also provides new parts and services and remanufactured parts and engines.
Together with its subsidiaries, Yamaha Motor Co., Ltd. operates businesses in Japan, North America, Europe, Asia, and worldwide in land mobility, marine products, robotics, and financial services. Its Land Mobility division sells motorcycles, leaning multi-wheelers, all-terrain vehicles, off-road recreational vehicles, snowmobiles, electrically powered bicycles, electric wheelchairs, automotive engines, and automobile components, as well as knockdown and intermediate parts for goods.
4. Atlas Copco
Together with its companies, Atlas Copco AB offers productivity solutions. Compressor, Vacuum, Industrial, and Power techniques are the company's operating segments. For usage primarily in the manufacturing and process sectors, it provides piston compressors, oil-free tooth, and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment systems, and medical air solutions.
5. Eaton
Power management businesses are operated by Eaton Corporation plc all over the world. Electrical components, industrial components, power distribution, and assemblies, residential products, single-phase and three-phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services are all provided by the company's Electrical Americas and Electrical Global segment. In addition, hazardous-duty electrical equipment, emergency lighting, fire detection, and explosion-proof instruments are provided.
6. Honeywell
A global manufacturer and provider of varied technologies, Honeywell International Inc. Its Aerospace segment provide thermal systems, spare parts, repair, overhaul, and maintenance services, integrated avionics, propulsion engines, integrated avionics, environmental control, and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes.
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