The Europe Portable Generator Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030).
The residential sector of developed economies and the commercial & industrial sectors of emerging economies are all predicted to soon present substantial opportunities for buyers and sellers. The market is growing due to a rising need for power backup facilities, rising demand for affordable and diesel-fueled generators, increasing preference for natural gas-fueled generators, and rising consumer awareness regarding availability of portable generators.
Individuals are becoming more conscious of home power backup and have a greater demand for portable powering solutions for outdoor recreational activities. Due to the requirement for larger power supplies to operate machinery and industrial tools, the market is anticipated to be driven by rising need of using generators that provide a power output in the industrial sector of over 10kW.
Germany continues to be at the forefront of using environmental and renewable energy technologies. In 2019, hydroelectric, solar, wind, and biomass sources comprised about 46% of the nation's electricity mix. That represents a 5.6% increase from 2018. Solar energy (9%), biomass (8.7%), onshore & offshore wind capacity (24.4%), and hydropower made up the remainder of the clean energy mix. Renewable energy sources produced 238.37 terawatt hours of electricity. Although solar output was increased in 2019 by favorable weather, more renewable energy sources are now operational, and weather patterns are predicted to stay reasonably steady in 2020. In the long run, it is anticipated that by 2030, the share of renewables will be 65%.
The Germany market dominated the Europe Portable Generator Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $210.5 million by 2030. The UK market is estimated to grow at a CAGR of 5% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 6.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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