Press release
Top 10 Companies in the Portable Generator in the World 2024 | IMARC Group
According to IMARC Group, The global portable generator market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.
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Companies are expanding into developing markets with unreliable electricity to reach new customers who urgently require backup power solutions. Moreover, mature markets are regularly assessed for chances to upgrade outdated generators with newer, more effective models. The expansion into new geographical areas is frequently backed by forming partnerships and distribution channels within those regions to reach better and cater to different customer segments.
Enhancing user service and post-sale support is a key area of emphasis. Businesses are putting money into training initiatives for their service staff in order to guarantee top-quality maintenance and repair services. Improved user service also involves longer warranties, simplified spare parts availability, and upgraded individual support hotlines. These services play a vital role in establishing brand loyalty and keeping people in a market where trust and reliability are essential. Furthermore, top players in the market are participating in regulatory and standard-setting actions to guarantee that their products comply with the most recent safety and environmental rules. Adherence to these rules not only prevents legal issues but also guarantees individuals the quality and safety of the product. Furthermore, companies often engage in strategic partnerships and mergers and acquisitions (M&A) to take advantage of each other's strengths. These partnerships prioritize joint advancements in technology, marketing initiatives, or diversifying product offerings to cater to a wider variety of user requirements.
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Top 10 Companies in the Portable Generator in the World
● Briggs & Stratton
● Vanguard
● Ferris
● Simplicity
● Snapper
● Billy Goat
● Allmand
● SimpliPhi
● Branco
● Victa
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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