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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Key
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).
Segmentation
The global portable generator market
segmented on the basis of power rating, application, end-user, fuel type and
region.
Based on end-user segment, the market has
been segmented into industrial, commercial, and residential. The residential
segment accounted for the largest segment mainly due to increasing demand for
in-house power backup.
Based on the power rating, the market is
segmented into less than 3KW, 3 KW-10KW, and above 10 KW.
Generators with power rating more than
10kW power are widely used in industrial sector, owing to the need for greater
power supply to run machines and industrial tools, which, in turn, is projected
to drive the portable generators market.
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Regional
Outlook
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.
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