February 21, 2020
According to the latest research report titled , “Global Portable Generators Market Size By Power Rating (<2 kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, 8-15 kVA), By End-Use (Residential, Commercial, Construction), By Phase (Single Phase, Three Phase), By Fuel (Gasoline, Diesel, Others) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, Australia, Japan, China, India, Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam, South Korea, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Mozambique, Mexico, Chile, Argentina, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019- 2025,” recently included in the expanding repository of MarketStudyReport.com, global portable generators market is slated to surpass 8 million units by 2025.
According to the report, incessant electrical outages, afoot infrastructural expansion, and dependence on backup power systems are expected to have positive influence on the global portable generators market size expansion. Moreover, rising dependence on electronic & electrical appliances, along with demand for improved reliability, and zero downtime is expected to spur portable generators market revenue in the ensuing period.
Based on power rating, 3.5 to 5 kVA segment will observe considerable growth over the forecast period given the fact that consumers’ traction has tilted towards seamless portability and mobile units with smaller surface. Moreover, attributes such as operational suitability, light weight, and compactness are offering lucrative growth opportunities in both residential and commercial spaces.
In terms of end-use, commercial portable generators market is likely to be pegged at over 4% by 2025. It is worth mentioning that lightweight gensets have gained momentum in outdoor recreational activities, including RV installations, backyard parties, and camping trips.
With respect to phase type, three-phase portable generators have been highly sought-after among end-users, citing attributes such as lower weight and simpler machinery vis-à-vis single-phase units. The three-phase portable generators can be installed with minimal external circuitry on the heels of optimum material efficiency, flexibility, and efficient power supply.
In terms of fuel, gasoline fueled portable generators will gain grounds in the next five years on the back of features such as high portability, simpler operation, competitive product price, and easy availability.
On the geographical front, APAC portable generators market is set to thrive on expanding construction sector, especially in South East Asia; and infusion of funds for infrastructural developments and rising PPP (Public-Private Partnership) projects across real estate ecosystem.
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MEA portable generators market will gain impetus from Nigeria, which is experiencing high electricity price and poor electricity transmission & distribution (T&D) networks. The portable generators market share in Nigeria is anticipated to surpass US$ 40 million by 2025.
Some of the major industry players profiled in the report are Siemens, Kohler, Cummins, Kirloskar Oil Engines Limited, Yamaha, Honda, and Atlas Copco, among several others. Leading companies operating in the portable generators market are likely to focus on novel product roll outs and strategic mergers & acquisitions.
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