Portable Generator Market: Business Overview, Trends and Market Analysis By 2022


Posted July 4, 2018 by ankit93

The report "Portable Generator Market by Fuel Type, Application, Power Rating, End-User, and Region - Global Forecast to 2022",The market is expected to grow from an estimated USD 1.91 Billion in 2017 to USD 2.28 Billion by 2022, at a CAGR of 3.66%.

 
The Portable Generator Market is projected to be USD 1.91 Billion in 2017 and is expected to grow at a CAGR of 3.66%, during the forecast period, to reach a market size of USD 2.28 Billion by 2022. The increasing number of weather-related power outages and the growing demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.
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In this report, the Portable Generator Market has been analysed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The North American market is expected to lead the portable generator market, by region, during the forecast period. The increasing number of weather-related power outages due to natural calamities such as hurricanes and heat waves are disrupting the power supply to millions of residential and commercial users. Because of these unfortunate incidents, the demand for portable generators is increasing in the North American market.
Some of the major players in the portable generator market are Honda Motor (Japan), Briggs & Stratton (US), Co. (US), Generac (US), and Yamaha (Japan). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the portable generator market.
On the basis of power rating, the portable generator market has been segmented into < 5 kW, 5 to 10 kW, and 10 to 20 kW. The 5 to 10 kW segment is expected to be the fastest growing segment during the forecast period. 5 to 10 kW generators find applications in air compressors, drills, high-pressure washers, and industrial motors and these portable generators can handle a huge amount of load.
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On the basis of application, the portable generator market has been segmented into emergency and prime/continuous power. The prime/continuous power segment is expected to be the fastest growing segment during the forecast period. Increasing construction activities in countries such as China, India, the US, the UAE, and Saudi Arabia are expected to create the demand for portable generators for prime/continuous power applications.

The gasoline fuel-operated portable generators are expected to dominate the portable generator market during the forecast period. Gasoline fuels are more compatible with small capacity engines and that is the main reason for the large share of gasoline-powered generators in the portable generator market. Apart from compatibility, the availability of fuel and clean operation are also the major factors for the growth of gasoline portable generators.
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Issued By Markets And Markets
Country United States
Categories Energy
Tags energy , generator , market , portable
Last Updated July 4, 2018