According to
the new market research report "Portable Generator Market by Fuel Type (Gasoline,
Diesel, Gas), Application (Emergency, Continuous), Power Rating (<5 kW, 5–10
kW, > 10 kW), End-User (Residential, Commercial, Industrial), and Region -
Global Forecast to 2022", the global portable generator market is expected
to grow at a CAGR of 3.66%, from 2017 to2022, to reach a market size of USD
2.28 billion by 2022. The increasing number of weather-related power outages
and the increased 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.
The portable
generator market is dominated by a few key players that are established brand
names with a wide regional presence. The leading players in the portable
generator market include Honda Motor (Japan), Briggs & Stratton (US),
Kohler (US), Generac (US), and Yamaha (Japan).
Browse and in-depth
TOC on "Portable Generator Market"
77 - Tables
39 - Figures
125 – Pages
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The other fuel
segment which includes propane, LPG, and
bio-diesel is expected to be the fastest growing fuel segment of the portable
generator market, from 2017 to 2022. Countries around the world have set the
emission and are working toward achieving these targets, which has resulted in
the increased share of environment-friendly
fuel for power production. Countries such as the US, Brazil, Canada, Germany,
France, and the UK are expected to increase their focus on environment-friendly technologies, driving the
market for propane, LPG, and bio-diesel powered portable generators during the
forecast period.
In the end-user
segment, the residential segment is expected to be the fastest-growing segment of the portable generator market during the
forecast period. Unreliable power supply due to weather-related power outages
is expected to drive the residential end-user segment market during the
forecast period. High purchasing power in countries such as the US, Canada, the
UAE, and Saudi Arabia is also fueling the growth of the portable generator
market in the residential end-user segment.
The 5 to 10 kW
power rating segment is expected to be the fastest-growing
segment of the portable generator market during the forecast period. 5 to 10 kW
portable generators are mainly used for large residential and commercial
end-users. These generators find applications in air compressors, drills, high-pressure washers, and industrial motors. 5
to 10 kW portable generators can handle a wide range of load and due to this,
the 5 to 10 kW portable generator market is expected to be the fastest growing
market during the forecast period.
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The
prime/continuous segment is expected to be the fastest-growing
segment of the portable generator market, from 2017 to 2022. 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.
Asia Pacific is expected to be the fastest-growing
region for portable generators, from 2017 to 2022, followed by North America
and the Middle East and Africa. Countries such as the US, China, Canada,
Russia, and India are the largest markets for portable generators. The growth
of the construction sector in the BRICS nation is the main driver for the
growth of the portable
generator market in the region. The building and construction market is
on the rise in India and China due to current government initiatives such as
smart cities and green building initiatives, which are expected to create the
demand for portable generators during the forecast period.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
