Transparency Market Research in its new report titled, “Portable Generator Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the portable generator market. The TMR report anticipates that the rising demand from residential segmented owing to increase in disposable income will drive the portable generator market during the forecast period i.e, 2018-2026.
The TMR report has segregated the portable generator market based on power rating, energy source, and application. In terms of power rating, the portable generator market is classified into up to 5 kW, between 5 kW and 10 kW, between 10 and 15 Kw, and above 15 Kw. The 10 kW to 15 Kw segment accounted for major share of the market in 2016. 10 to 15 Kw portable generators are primarily used for residential and commercial purposes. They also meet the need of end-users in terms of cost. The between 10 kW and 15 Kw segment is also anticipated exhibit significant growth rate during the forecast period. After 10 to 15 Kw, above 15 Kw portable generators are anticipated to expand at a moderate rate due its use in construction and mining sites. On the basis of energy source, the portable generators market is divided into gasoline, diesel, and gas driven. The gasoline segment dominated the market due to its compatibility toward small capacity engine. Gasoline are also readily available and enable quick starting of the engine.
In terms of application, the portable generators market is divided into residential, commercial, and industrial. The residential segment contributed major share of the market in 2016. Under the residential segment, portable generators are used for various activities such as family functions, picnic, and camping. Under the industrial segment, portable generators are used in construction, drilling, and mining sites where uninterrupted electric power is required for various operations. On a geographical stand, the portable generator market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific held major share of the portable generator market in 2016. In Asia Pacific, portable generators are used in small shops during various outdoor events and functions. It is likely to remain the dominant region during the forecast period. After Asia Pacific, North America accounted for large share of the portable generators market. Increase in natural calamities in North America in the form of hurricanes are hampering power usage; as a result, demand for portable generators is increasing in North America. Portable generators are primarily used at drilling sites and mining sites in Middle East & Africa and Latin America owing to the low availability of power supply.
Large number of companies operate in the global portable generator market. Portable generators are primarily used on rental basis. This hampers the overall demand for portable generators. Prominent manufacturers in the portable generators include Yamaha Motor Co., Ltd., Honda Siel Power Products Limited (subsidiary of Honda Motor Co., Ltd.), and Kohler Co.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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