The
Global Residential
Portable Generator Market is set
to grow at a significant CAGR during the forecast period. A portable electric
generator is a power backup tool such that insignificant use can hamper its
functionality. Moreover, there are certain guidelines under which the portable
generator can be used efficiently for long.
Residential
portable generator industry is driven by increase in demand by construction
sites to operate various backup device and equipment and enable non-hardwired
and stand-alone applications. The residential portable generator market is
gaining a high traction by consumers since it is cost-effective and easily
movable from one place to another. In addition, rise in demand for energy
during crisis is anticipated to grow in the next five to ten years and due to
which, there is a constant need for a viable source of energy reserve. To
counter this, the portable generators can cater to the increased demand.
Application
category for residential portable generator industry comprises emergency and
prime/continuous. By fuel, the market of residential portable generator entails
gasoline, natural gas and diesel. By end-user, residential portable generators
market comprises industrial, commercial and residential. Power rating category
for residential portable generator industry includes less than 5kW, 5-10kW and
more than 10kW.
Geographical
segmentation for residential portable generator market spans North America,
South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific leads
the market growth in the forecast period owing to fluctuation in power supply
and frequent power-cut off.
North
American and European markets are likely to grow at a moderate CAGR in the
forecast period due to slow demand for portable generators owing to presence of
proper power infrastructure in the region and presence of the key players in
market. The key players profiled in the residential portable generators
industry report are Honda, Generac, Kohler and Briggs & Stratton.
Market Segment:
Leading players of Residential Portable
Generator including:
•
Honda Power
•
Generac
•
Briggs & Stratton
•
Yamaha
•
KOHLER
•
United Power Technology
•
Champion
•
TTI
•
Eaton
•
Wacker Neuson
•
Honeywell
•
Hyundai Power
•
Sawafuji
Market split by Type, can be divided
into:
•
Diesel Type
•
Gasoline Type
•
Gas Type
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