Portable Generator Market 2018 | Application Analysis, Regional Outlook, Competitive Strategies & Forecast by 2023

Portable Generator Market
Global Portable Generator Market by Power Rating (Less than 3KW, 3KW-10KW, above 10 KW) Application (Base Load, Standby Power, Peak Shaving), End-User (Industrial, Commercial, Residential), Fuel Type, and Region – Forecast to 2023

Growing demand for data centers and IT facilities is the major factor driving the portable Generator Market. A Portable Generator is primarily used when temporary power is needed. Growth in the construction sector across the globe, driving the growth of the market. The governments across the globe is spending more on physical and social infrastructure. These generators are used in several construction activities, which include cutting, drilling, lifting, and others. Moreover, growing demand for uninterrupted and reliable power supply is fuelling the growth of the market. Portable Generators produce carbon monoxide (CO), which is an odorless, colorless and very harmful to people. Hence, stringent regulation is set by various governments on emissions by diesel engines. This factor may act as a restraining factor for the market.

The Global Portable Generator Market is estimated to grow at ~ 4.15% CAGR during the forecast period.

Industrial News

The Global Market for Portable Generator appears to be highly fragmented and competitive due to the presence of several well established and small players. The major players incorporate acquisition, partnership, expansion, collaboration, and product launch to increase competitive advantage in this market and maintain their market position. These major players compete based on pricing and services. Moreover, players are investing hugely in R&D to secure guaranteed resources for the customers.

In December, 2017, Doosan Portable Power launched a new range of four generators ranging from 20-60 kVA, available in both 50 Hz and 60 Hz versions.

In January 2014, Kohler Co., a global leader in engines and power generator systems, launched a new line of portable generators designed to deliver instant power, virtually, anywhere. The whole line of new Portable Generators from Kohler comprises nine models, ranging from a 2.0 kW inverter to a 12.3 kW gasoline generator and four portable water and trash pumps in varying diameters.           

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Regional Analysis

The North America region has the largest market for Portable Generator. Growing demand from the industrial sector and ageing infrastructure result in power blackouts, driving the growth of the market in the region. Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The market in Asia Pacific is mainly driven by the increasing demand for reliable power supply, rising power generation capacity, and growth of manufacturing industries in the region. Prominent countries such as China, Japan and India are driving the Portable Generator Market in the Asia Pacific region. China was the largest country level market for Portable Generator in the APAC region, followed by India and Japan.

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The key players of Global Portable Generator Market are Honda Motor Co., Ltd (Japan), Briggs & Stratton Corporation (U.S.), Generac Power Systems, Inc. (U.S.), Yamaha Motor Corporation (Japan), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Kohler Co. (U.S.), Eaton Corporation Plc (Ireland), Champion Power Equipment, Inc. (U.S.), Siemens AG (Germany), MTU Onsite Energy (U.S.), Honeywell International Inc. (U.S.), Wacker Neuson Group (Germany), SmarterTools Inc. (U.S.), and Atlas Copco (Sweden).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the Global Portable Generator Market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.         

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