The global mobile generators market is expected to reach around US$ 1,723 Mn by 2026 and is expected to grow a CAGR of above 4% over the forecast period 2019 to 2026.
The mobile generators provide a standby solution in case of any emergency. The construction industry and oil & gas industry activities are carried out across the globe on large scale. These activities mostly take place in remote places where power supply is limited. They carry the mobile generators in case of any cut in power supply in order to carry out the work.
Major factors augmenting the growth of the global mobile generator market are speedy industrial development activities in emerging countries, increasing construction and reconstruction activities across the globe, and rising power cut issues is resulting in demand for alternate power source. In addition, rising oil & gas drilling activities across the globe is resulting in growing demand for mobile generators in order to work in remote location. However, high cost associated to these devices and low power backup are factors hampering the growth of the global mobile generator market. In addition, government regulation related to carbon emission is increasing which is creating a hurdle for players for product approval this is hampering the growth of the global mobile generator market
Advancements in these device and development of cost effective product with high output and long standby time is creating new revenue opportunities that is expected to revenue support the growth of the players in the coming years. In addition, business expansion approach through strategic merger and acquisition among players in order to increase customer base and enhance product portfolio is expected to further support the growth of the target market to a certain extent.
The product type segment of the global mobile generators market is segmented into gasoline generator, diesel generator, and gas generator. The diesel segment is expected to account for higher revenue share owing to easy availability, and various advantages such as longer service life, support heavy load, and longer standby time. In addition, demand from various industries vertical such as construction, oil & gas, mining is expected to further support the segment growth.
Segment Analysis by Region
North America mobile generator market is anticipated to account for high revenue share as compared to other market this can be attributed to increasing demand from rising number of outdoor event and activities, coupled with demand for mobile generators that will support these activities in remote areas. In addition, well-developed healthcare sector, growing number of surgeries is propelling the demand of mobile generators in case of emergency is expected to further boost growth of the market in this region. Moreover, demand from oil & gas industry as a standby option is expected to further support the growth.
The Asia Pacific market is expected to witness rapid growth, owing to rising demand form construction sector. Construction sector is expecting a growth in emerging economies such as India and China. Various housing projects, infrastructure development projects are carried out in this region that need constant power supply. Power cut extends the project time and money thus contractors are inclining towards adoption of mobile generators that support the work in case of any power cut. Moreover, rising oil & gas drilling activities in remote areas is expected to increase demand for mobile generators thus supporting the target market growth in this region.
Furthermore, major players approach towards shifting the manufacturing base to developing countries due to low labor cost and easy availability of raw materials this will help the company to offer products at low price thus supporting the growth of regional market.
Mobile generator is extremely competitive market due to high presence of players operating on global level. In addition, major players want to increase the business presence and profit which is resulting in merger and partnerships activities this will enhance the company product portfolio and customer base. This is further creating more competition in market.
The market research study on “Mobile generators Market (Product Type: Gasoline Generator, Diesel Generator, and Gas Generator; Application: Commercial and Residential) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global mobile generators market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global mobile generators market, its product type segment, application segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global mobile generators market size and segment markets by product type segment, application segment, and geography along with the information on companies operating in the market. The mobile generators market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include Briggs and Stratton, Honda Power, Generac, Techtronic Industries, Kohler, Yamaha, Champion, Cummins, Honeywell International, Eaton, and Mi-T-M.
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Market By Region
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