Portable generators are used to supply
electricity for the operation of small electrical appliances in the event of a
power outage. Rapid increase in the demand-supply gap of electric power in
developing economies is driving the growth of the market. Similarly, increasing
number of live commercial events is fuelling the growth of the market. The
major players in the market are hugely investing in R&D and coming up with
technologically advanced products, which is positively influencing the growth
of the market. However, growing adoption of energy storage technologies and
stringent emission regulations for diesel engines are the factors that may
hamper the growth of the market.
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portable
generator market Segments Analysis
Global portable generator market has been
segmented based on fuel type, rated power, application, end-user, and region.
Based on fuel type, the market has been
segmented into diesel, gas, and others. The gasoline segment accounted largest
market share in 2016 and is expected to grow at the highest CAGR during the
forecast period, mainly due to gasoline fuels being more compatible with small
capacity engines.
Besides compatibility, the availability of
fuel and clean operation are also the key factors for the growth of gasoline
portable generators. Furthermore, stringent environmental norms to control the
emission of hazardous gasses from diesel generators boost the growth of the
gasoline portable generators.
Based on end-user, the market has been
segmented into industrial, commercial, and residential. The residential segment
accounted for the largest market share in 2016.
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Worldwide
Analysis
On the basis of region, the market has
been segmented into North America, Europe, Asia Pacific, and Rest of the World.
North America region dominates the global portable generator market. Aging grid
substructure and natural calamities causes frequent power outages and
continuously growing demand from industrial sector is fuelling the growth of
the market in the region. The U.S. is the largest contributor in North America
as well as the global portable generator market. Asia Pacific region is
expected to grow at the highest CAGR during the forecast period, majorly due to
factors such as the continuous growth of constructional and developmental
activities. China, India, Japan, and Thailand are the key contributors to the
Asia Pacific market. China accounts for the largest market share in the region
due to rapid growth in the urbanization and industrial development.
Prominent
Players
The key players in the global portable
generator market are Honda Motor Co., Ltd (Japan), Briggs & Stratton
Corporation (U.S.), Generac Power Systems, Inc. (U.S.), Yamaha Motor
Corporation (Japan), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Kohler Co.
(U.S.), Eaton Corporation Plc (Ireland), Champion Power Equipment, Inc. (U.S.),
Siemens AG (Germany), MTU Onsite Energy (U.S.), Honeywell International Inc.
(U.S.), Wacker Neuson Group (Germany), SmarterTools Inc. (U.S.), and Atlas
Copco (Sweden).
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