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Portable generator manufacturers are offering various types of generators such as diesel generators, gas generators, bi-fuel and tri-fuel generators. However, due to stringent regulations on toxic emissions in various countries, manufacturers are shifting their focus on developing gas generators as they are more environmentally friendly than diesel generators. Bi-fuel is also one of the focus areas of portable generator manufacturers, as it leads to significant fuel saving and also offers flexibility to the end user to choose the fuel type. Manufacturers are also investing in research and development of methods and technologies to minimize carbon monoxide emission from portable generators.
According to the latest report by Fact.MR, the global portable generators market is expected to witness steady growth, registering 5.1% CAGR during 2017-2022. Owing to the low-cost and providing power supply in an emergency, portable generators are gaining popularity among residents and businesses. Meanwhile, manufacturers are also focusing on various technologies to develop eco-friendly generators and to save fuel cost.
5 Forecast Highlights on Global Portable Generators Market
- North America is expected to remain dominant in the global portable generators market. North America is projected to reach close to US$ 300 million by the end of 2022. North America portable generator market is witnessing a growth, due to increasing number of residents opting for portable generators to keep essential appliances at home working during power cut owing to the bad weather conditions.
- Japan portable generators market is expected to experience moderate growth during the forecast period, 2017-2022.
- Portable generators with a power output of 1.0 to 3.0 KW are expected to experience above-average growth during the forecast period. Towards the end of 2022, 1.0 to 3.0 KW portable generators are estimated to reach just above US$ 450 million revenues. Meanwhile, 3.0 to 5.0 KW portable generators are expected to gain more than one-fourth of the revenue share by 2017 end.
- Residents are expected to emerge as the largest users of portable generators during 2017-2022. By the end of 2017, the residential sector is projected to account for nearly three-fifth of the revenue share on global revenues. Meanwhile, the commercial sector will show moderate growth during the forecast period.
- Portable generators offering standby backup power are expected to witness above-average growth. Accounting for more than three-fourth of the revenue share by 2017 end, the standby backup power application is projected to surpass US$ 750 million revenue by the end of 2022.
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Portable Generators with 1.0 to 3.0 KW power output to Experience Above-Average Growth
Accounting for more than half of the revenue share by 2017 end, portable generators with 1.0 to 3.0 KW power output are estimated to surpass US$ 400 million revenues by the end of 2022. Meanwhile, portable generators with the power output of 3.0 to 5.0 KW are also expected to witness moderate growth.
Residential Portable Generators to Witness Maximum Usage
Portable generators are expected to be largely used by residential sector. By the end of 2017, the residential sector is projected to account for nearly three-fifth of the revenue share. Meanwhile, portable generators in the commercial sector are estimated to create an opportunity of more than US$ 40 million between 2017 and 2022.
Standby Backup Power Portable Generators to Account for Maximum Revenue Share
Standby backup power portable generators are estimated to exceed US$ 750 million revenues towards the end of 2022. By the end of 2017, it is projected to gain more than three-fourth of the revenue share.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global portable generators market through 2022, which include Champion Power Equipment, Briggs & Stratton Corp, Generac Power Systems, Inc., Kohler Co. Inc., Honeywell International Inc., NIDEC Corp, Yamaha Motor Co., Ltd, and STEPHILL GENERATORS LTD.
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Table of Content:
- Global Portable Generators Market - Executive Summary
- Global Portable Generators Market Overview
2.1. Introduction
2.1.1. Global Portable Generators Market Taxonomy
2.1.2. Global Portable Generators Market Definition
2.2. Global Portable Generators Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Portable Generators Market Y-o-Y Growth
2.3. Global Portable Generators Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Supplier List
2.9. Key Participants Market Presence (Intensity Map) By Region - Global Portable Generators Market Analysis and Forecast By Power Output
3.1. Global Portable Generators Market Size and Forecast By Power Output, 2012-2022
3.1.1. Less than 1.0 KW Portable Generators Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. 1.0 To 3.0 KW Portable Generators Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. 3.0 To 5.0 KW Portable Generators Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. More than 5.0 KW Portable Generators Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region - Global Portable Generators Market Analysis and Forecast By End Use
4.1. Global Portable Generators Market Size and Forecast By End Use, 2012-2022
4.1.1. Commercial Portable Generators Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Residential Portable Generators Market Size and Forecast, 2012-2022
Continued……………..
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