Portable
Generator Market Highlights
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.
The global portable generator market is estimated to
grow at 4.15% CAGR during the forecast period. 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.
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.
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. Increase in awareness among consumers
regarding in-house power backup is ultimately increasing the demand for
portable generators in the residential sector. The ease to start and
portability are the key factors increasing the popularity of the portable
generators in the residential sector. Portable generators are used to run
necessary appliances, such as lights, refrigerators, and fans. The industrial
segment is estimated to be the fastest growing end-user segment of the portable
generator market.
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
The key players of 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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