Portable
Generator Market Highlights
The global portable generator market is estimated to
grow at 4.15% CAGR during the forecast period. Portable generators produce
carbon monoxide (CO), which is an odorless, colorless and very harmful to
people. Hence, stringent regulation is set by various governments on emissions
by diesel engines. This factor may act as a restraining factor for the market
Growing demand for data centers and IT facilities is
the major factor driving the portable generator market. A portable generator is
primarily used when temporary power is needed. Growth in the construction
sector across the globe, driving the growth of the market. The governments across
the globe is spending more on physical and social infrastructure. These
generators are used in several construction activities, which include cutting,
drilling, lifting, and others. Moreover, growing demand for uninterrupted and
reliable power supply is fuelling the growth of the market.
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Global
portable generator market Segmentation
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.
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. Increase in awareness among consumers
regarding in-house power backup is ultimately increasing the demand for
portable generators in the residential sector.
On the basis of region, North America is the largest
market for portable generator. Asia Pacific is expected to grow at the highest
CAGR during the forecast period.
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Regional Analysis
The North America region has
the largest market for portable generator. Growing demand from the industrial
sector and ageing infrastructure result in power blackouts, driving the growth
of the market in the region. Asia Pacific region is expected to grow at the
highest CAGR during the forecast period. The market in Asia Pacific is mainly
driven by the increasing demand for reliable power supply, rising power
generation capacity, and growth of manufacturing industries in the region. Prominent countries such as China, Japan and India are
driving the portable generator market in the Asia Pacific region. China was the largest country level market
for portable generator in the APAC region, followed by India and Japan.
Leading Players
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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