Global Portable Generator Market Estimated to Grow at a CAGR of 7.91% during the period 2017-2021
Report identifies Briggs & Stratton, Cummins, Eaton, Generac Holdings, Honda Motor, Kohler, and Yamaha Motor as the key vendors in the global portable generator market.
(EMAILWIRE.COM, May 17, 2017 ) Generators convert mechanical energy into electrical energy and are designed to provide temporary AC or DC power. They serve as a source of backup or emergency power for residential, commercial, and industrial applications. Generators convert mechanical energy into electrical energy. The source of mechanical energy varies from an internal combustion engine and a hand crank to compressed air and a reciprocating steam engine. An internal combustion engine uses either diesel, gasoline, propane gas,or natural gas to produce mechanical energy, which is transformed into electrical energy with the help of a generator assembly.
Technavios analysts forecast the global portable generator market to grow at a CAGR of 7.91% during the period 2017-2021.
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The construction industry is witnessing a rapid expansion, especially in the APAC. Emerging countries such as India and China will contribute to the maximum growth of the construction industry and countries such as Vietnam, the Philippines, and Indonesia will also account for significant shares. Since the tools and equipment used in the construction industry rely heavily on uninterrupted power supply, there is a rising demand for electric power sources for the seamless operation of these tools and equipment. This in turn, coupled with the lack of a proper power infrastructure will fuel the demand for portable generators in APAC. Additionally, stringent regulations associated with the use of powered generators due to their noise and emissions, which will drive the demand for gas generators, will also propel the market’s growth.
Owing to their benefits such as low-cost, affordability, and limited risk of leakage, the gas generators will soon gain significance in several residential, commercial, and industrial applications. In the coming years, the availability of gas-powered generators will surpass the number of diesel-powered generators mainly due to the technologies such as drilling and fracking. Additionally, benefits such as the moderate cost and reduced emissions will also fuel the need for gas generators, which will subsequently propel the growth of the market for portable generators.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Portable Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Briggs & Stratton
Cummins
Eaton
Generac Holdings
Honda Motor
Kohler
Yamaha Motor
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-portable-generator-market-2017-2021-report.html
Other prominent vendors
Caterpillar
Champion Power Equipment
Dresser-Rand
GE
GenTech
Honeywell International
Hyundai Power Equipment
Mellga
Mi-T-M
MTU Onsite Energy
Multiquip
Perkins
Pramac
Powerdyne International
Scott's Emergency Lighting & Power Generation
Subaru
Techtronic Industries
TECO-Westinghouse Motor
Wacker Neuson
Wrtsil
Winco
Market driver
Natural disasters causing major power blackouts.
For a full, detailed list, view our report
Market challenge
Renewable power generation capacity expansion.
For a full, detailed list, view our report
Market trend
Stringent emission regulations for diesel engines.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Make an Enquiry - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1068141
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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
Contact Us
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Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
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Technavios analysts forecast the global portable generator market to grow at a CAGR of 7.91% during the period 2017-2021.
Request Free Sample Report - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1068141
The construction industry is witnessing a rapid expansion, especially in the APAC. Emerging countries such as India and China will contribute to the maximum growth of the construction industry and countries such as Vietnam, the Philippines, and Indonesia will also account for significant shares. Since the tools and equipment used in the construction industry rely heavily on uninterrupted power supply, there is a rising demand for electric power sources for the seamless operation of these tools and equipment. This in turn, coupled with the lack of a proper power infrastructure will fuel the demand for portable generators in APAC. Additionally, stringent regulations associated with the use of powered generators due to their noise and emissions, which will drive the demand for gas generators, will also propel the market’s growth.
Owing to their benefits such as low-cost, affordability, and limited risk of leakage, the gas generators will soon gain significance in several residential, commercial, and industrial applications. In the coming years, the availability of gas-powered generators will surpass the number of diesel-powered generators mainly due to the technologies such as drilling and fracking. Additionally, benefits such as the moderate cost and reduced emissions will also fuel the need for gas generators, which will subsequently propel the growth of the market for portable generators.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Portable Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Briggs & Stratton
Cummins
Eaton
Generac Holdings
Honda Motor
Kohler
Yamaha Motor
Browse Full Report with TOC - http://www.marketresearchhub.com/report/global-portable-generator-market-2017-2021-report.html
Other prominent vendors
Caterpillar
Champion Power Equipment
Dresser-Rand
GE
GenTech
Honeywell International
Hyundai Power Equipment
Mellga
Mi-T-M
MTU Onsite Energy
Multiquip
Perkins
Pramac
Powerdyne International
Scott's Emergency Lighting & Power Generation
Subaru
Techtronic Industries
TECO-Westinghouse Motor
Wacker Neuson
Wrtsil
Winco
Market driver
Natural disasters causing major power blackouts.
For a full, detailed list, view our report
Market challenge
Renewable power generation capacity expansion.
For a full, detailed list, view our report
Market trend
Stringent emission regulations for diesel engines.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Make an Enquiry - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1068141
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : press@marketresearchhub.com
Website : http://www.marketresearchhub.com/
Contact Information:
Market Research Hub
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Tel: +1-518-621-2074
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Market Research Hub
Sudip S
Tel: +1-518-621-2074
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results