The market is expected to reach a value of more than US$ 6 Billion by 2022, exhibiting a CAGR of around 7% during 2017-2022.
The global portable generator market reached a value of more than US$ 4 Billion in 2016.
Portable generators are backup devices designed to provide temporary AC power for non-hardwired, stand-alone applications. These generators work by using supplied fuel such as diesel or gas. Low-end models of portable generators support few basic home appliances, whereas the high-end models can provide power backup to the whole house. Other than the residential sector, portable generators also find applications in sectors such as infrastructure and commercial owing to their low-cost and easy installation.
Construction activities such as cutting, lifting and drilling rely heavily on seamless power supply. Therefore, rapid industrialization and further expansion in the construction industry, especially in the Asia-Pacific region, are fuelling the growth of portable generator market. Moreover, growing urbanisation coupled with shortage of power supply has led the consumers to opt for portable generators so as to ensure uninterrupted electric supply, thereby contributing to the market growth. However, stringent environmental regulations levied by various governments towards the emission of hazardous gases act as a restraint to the growth of the portable generator market.
The report has segmented the market on the basis of fuel type into portable diesel generators, portable gasoline generators and others. Currently, portable diesel generators hold the largest market share. On the basis of end-use, the residential sector dominates the market, accounting for the majority of the global share. It is followed by the commercial, infrastructure and industrial sectors. On the basis of power output, the market has been segregated as less than 3Kw, 3-10 Kw and more than 20 Kw. Region-wise, the report covers Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific represents the leading market, holding the biggest share globally.
The report has also analysed the competitive landscape of the market with some of the key global players being Briggs & Stratton Corporation, Cummins, Inc., Honda Motor Co., Ltd., Eaton Corporation, and Generac Power Systems, Inc.
$6 Billion Portable Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
2017 12/13