DUBLIN--(BUSINESS WIRE)--The "Portable Generator Market by Fuel Type (Gasoline, Diesel, Gas), Application (Emergency, Continuous), Power Rating (<5 kW, 5-10 kW, > 10 kW), End-User (Residential, Commercial, Industrial), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The portable generator market is projected to be USD 1.91 Billion in 2017 and is expected to grow at a CAGR of 3.66%, during the forecast period, to reach a market size of USD 2.28 Billion by 2022.
The increasing number of weather-related power outages and the growing demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.
Asia Pacific is expected to be the fastest-growing market for portable generators during the forecast period. Asia Pacific is the home to two of the fastest-growing economies, India and China. The building and construction market is on the rise in India and China, due to current government initiatives such as smart cities and green building initiatives, which are expected to create the demand for portable generators during the forecast period.
The major factor restraining the growth of the portable generator market is the increased adoption of energy storage technologies. Stringent government regulations for diesel-powered portable generators along with high operational and maintenance costs are the major restraints for the portable generator market.
Some of the major players in the portable generator market are Honda Motor (Japan), Briggs & Stratton (US), Co. (US), Generac (US), and Yamaha (Japan). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the portable generator market.
- Business Continuity During Natural Calamities
- Increasing Demand for Uninterrupted and Reliable Power Supply
- Adoption of Energy Storage Technologies
- Limited Power Generation Capacity of Portable Generators
- Increased Use of Bi-Fuel and Inverter Generators
- Growth of the Construction Sector in Brics Nations and Developing Countries
- Stringent Government Regulations for Diesel Engines
- High Operation and Maintenance Costs
- Atlas Copco
- Briggs & Straton
- Company Benchmarking
- Wacker Neuson
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