LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new report on the global diesel portable generator market, which is expected to grow at a CAGR of almost 8% from 2015-2019.
According to the latest report by Technavio, commercial and construction segments are the two major end-users in the global diesel portable generator market. Portable generators offer more benefits such as less noise emission, and low initial investment and maintenance, as compared to large and stationary generators, especially for residential consumers.
“In addition, portable generators are equipped with fail-safe technology, are user-friendly, portable, and easy to operate. These benefits are the major factors contributing to their increased adoption in the commercial and construction sectors leading to the growth of the market,” says Faisal Ghaus, Vice President of Technavio.
The report also emphasizes the increasing number of mergers and acquisitions, where several players in this sector are expanding their offerings to countries which have a high growth potential such as India, China, and other developing countries.
“These vendors will use mergers, acquisitions, and form strategic alliances with existing players and local vendors in the forecast period, which will help them enhance their distribution channels and improve market growth,” elaborates Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Portable Generator Market 2015-2019
- Global Residential Diesel Portable Generator Market 2015-2019
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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