5-10 kVA Range to Continue its Dominance in Global Portable Generators Market through 2024
Growing commercial and residential
sectors, increasing construction activities and rising number of manufacturing
units worldwide to propel growth in global portable
generator market through 2024
According to TechSci
Research report “Global Portable Generator Market By Fuel Type, By End User, By Power Rating, By
Application, By Region, Competition Forecast & Opportunities, 2024’’,
the global portable generator market is projected to reach $ 4.3 billion by 2024
on account of increasing power demand backed by growing
construction and residential sectors coupled with rising number of technological
advancements to make engines and alternators more efficient. Moreover, stringent pollution norms and implementation of
affordable housing projects in
various countries
is further pushing demand for portable generators. Honda Motor Co., Ltd. and Yamaha Motor Co., Ltd. are the top two leading players operating
in the global portable generator market, owing to their wide product range,
strong distribution channel and comparatively better product quality.
Browse 260 market data Figures and Tables
spread through 228 Pages and an in-depth TOC on "Global Portable Generators
Market"
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Portable
generators of 5-10
kVA range dominate global portable generator market as these types of generators are majorly
used in commercial sector. Among end users, commercial sector accounted for the
largest value share in the global portable generator market
in 2018 and is likely to maintain its dominance throughout the forecast
period as well, owing to growing commercial sector across the globe. A large
demand for portable generators emanates from North America and APAC on account
of high electricity demand and poor grid infrastructure, respectively. On the
basis of fuel type, the global portable generator market is segmented into diesel,
gasoline and natural gas & LPG. Of all of these, diesel based portable generators
dominate the market as they are comparatively cheaper than other fuel based
portable generators.
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“Limited power
supply and grid infrastructure in various countries is resulting in increasing
need for standby power supply systems which
include portable generators. Rising inclination towards generators running on
natural fuels is expected to boost sales of portable generators in the coming
years. Moreover, government initiatives for setting up manufacturing facilities
and allowance of foreign direct investment in various countries is further having
a positive influence on the global portable generators market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Portable Generator Market By Fuel
Type, By End User, By Power Rating, By Application, By Region, Competition
Forecast & Opportunities, 2024” has
evaluated the future growth potential of global portable generator market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global
portable generator market.
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