"Global Residential Portable Generator Market 2015-2019" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Sep 11 2015

Generators are devices that convert mechanical energy into electric energy. The source of mechanical energy can be internal combustion engine, hand crank, compressed air, or reciprocating steam engine. Internal combustion engine uses diesel, gasoline, propane gas, and natural gas to produce mechanical energy and this mechanical energy is converted into electric energy with the help of generator assembly. Generators are backup devices designed to provide temporary AC or DC power. They can be used as a source of backup or emergency power for residential, commercial, and industrial applications. A typical generator is powered via a fuel engine. Based on portability, generator can be segmented into portable and standby.

Technavio's analysts forecast the global residential portable generator market to grow at a CAGR of 7.2% over the period 2015-2019.

Commenting on the report, an analyst from Technavio's team said: "Some market vendors are concentrating on developing advanced generators with increased features and functionalities to remain competitive. These technologies help control the speed of generator engines automatically, making the generators highly energy efficient. Moreover, smart generators are incorporated with additional features, which enable them to be monitored remotely via the Internet. Therefore, we expect the emergence of next-generation generators to have a positive influence on market growth."

According to the report, the portable gas and diesel generator markets are growing rapidly. However, diesel generators produce more noise than gas generators, so they are not recommended for many residential and commercial applications where quiet operations are preferred. Portable gas generators are preferred to diesel generators by end-users. Greater demand for gas portable generators among residential users will positively influence the overall residential portable generator market.

Further, the report states that stationary generators are the biggest competitors of portable generators.

The key players in the Global Residential Portable Generator Market are Briggs and Stratton, Cummins, Generac Holdings, Honda Motor, Kohler and Yamaha Motor while other prominent vendors include Caterpillar, Champion Power Equipment, Dresser-Rand, Eaton, GE, Honeywell International, Mi-T-M, MTU Onsite Energy, Multiquip, Powerdyne International, Pramac, Scott's Emergency Lighting & Power Generation, Techtronic Industries, TECO-Westinghouse Motor, Wacker Neuson, Wartsila and Winco

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/residential-portable-generator-market

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