The global Portable Generators Market size is expected to reach around US$ 5 billion by 2026 growing at noteworthy CAGR around 4.8% over the forecast period 2019 to 2026.
Portable generators are used in national, business and industrial applications for electricity generation. The applications covered in the research are electrical generation for live business events, electrification of construction machinery, extra power supplies during power outage and others.
The report provides analysis of global Portable Generators market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Portable generators are developed to offer non-hardwired and standalone apps with alternative present (AC) systems. Increased global company downtimes, as weather-related energy outages increase, have led to increased demand for continuous power supply. This contributes significantly to the demand for products. Increased portable power generators are also driving development due to a quickly increasing building industry. In the building industry power tools are commonly used of all sizes, such as boxes, drives, compressors and air hammers. Portable generators are mainly used for new building projects, in which the most work takes place in the night, and in situations where power is not accessible from power grids.
The rapidly growing construction industry is also driving the growth of increasingly mobile power generators. Energy instruments of all sizes, like boxes, drives, compressors and air hammers are widely used in the construction sector. Portable generators are primarily used in fresh construction projects that are mostly carried out at night and where energy from energy grids is not available.
Increased awareness of worldwide warming led to an increasing demand for mobile biofuel generators, a viable source of electricity. Biofuel has comparable chemical features as petroleum fuels and, as a direct replacement for diesel fuel, may therefore be used. Biofuel also gives the independence of energy to nations like Japan and Italy that import oil and gas from other nations. Soybean, canola, maize, cooking oil and animal fats may be the source of biofuels. The increased demand for generators with biofuels will provide market players with a chance during the forecast period.
Strict carbon emissions control environmental regulations are important considerations that limit the development of the economy. Portable generators are subject to federal, national and local emission efficiency legislation. The quantity of carbon generated in the atmosphere by generators is regulated by Environmental agencies, such as the Central Pollution Control Board (CPCB) of India, the United States Environment Protection Agency and the European Environment Agency. Furthermore, a Type Approval Certificate for each generator is needed by every manufacturer, importer and assembler of mobile generators.
In 2018, diesel dominated the market, because these versions offer benefits such as lifespan and resilience to heavy loads. In addition, diesel versions are, thanks to the increased fuel effectiveness, a preferred option in sectors such as building, mining, petroleum and gas. Due to variables like reduced emissions of damaging gases such as sulfur and nitrogen, compact size or a rapid begin, the gaseous sector accounted for a significant share in the worldwide economy in 2018. In order to further promote the development of the gas segment, regulations limiting diesel generators are also anticipated. The Environment Pollution Control Authority, for instance, announced in October 2018 a ban on the use of diesel generators in Delhi, India, to make space for the variation of gaseous products.
Power Range Stance
In 2018, the low-power sector was dominated by these product versions, which are used extensively to energy air conditioners, water pumps and fridges for domestic and commercial reasons. Due to the increasing adoption of these generators in the télécom sector, the medium energy segment will display the greatest CAGR over the projected era. These products must be used for their tower systems by telecoms operators, since any downtimes can lead to serious economic losses. In the healthcare industry, medium electricity generators are also used which are anticipated to contribute considerably to the segment development.
In addition to building, mining, petroleum and gas and other sectors, the industrial segment dominated the general market in 2018. This is due to increased investments in road, rail and commercial parking infrastructures in nations like the United States, China, India and South Korea. In addition, the industrial segment is anticipated to drive development in the production sector. The hubs of consumer electronics are manufactured in countries such as China, Japan and India. Furthermore, significant growth has been observed in oil and gas exploration operations. It is anticipated that all of these variables will increase mobile energy demand. It is also anticipated that the mining sector will contribute considerably to the development of the industrial end use segment.
The largest income in Asia Pacific in 2018 was USD 1.2 billion. Residential consumers in nations such as China and Singapore can attribute growth of the national economy to the rise in electricity usage. China accounted in 2016 for the highest electric power consumption of 5,129 terawatt hours, followed by the US for 3,867 terawatt hours, for residential purposes. In India and China, production industry growth is anticipated to have a beneficial effect on Asia-Pacific development.
The establishment of a big number of production facilities has taken place in India and China, including by some of the leading automobile and consumer electronics companies such as Apple, Inc.; Volkswagen and Sony. In addition, increased adoption of mobile generators for tiny businesses and outdoor activities is anticipated to further boost market growth in these nations. A major driver of the global market is the increase in the number of construction projects in the region of the Middle East and Asia Pacific. In addition, the focus is on acquiring new green construction projects in leading construction companies and this further drives the demand for products.
Global Portable Generators Market, By Product
Global Portable Generators Market, By Power Range
Global Portable Generators Market, By End-use
Global Portable Generators Market, By Geography
The market research study on “Portable Generators Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Portable Generators market segments with market dynamics and their impact. The report also covers basic technology development policies.
Key Players & Strategies
Key players in the market include Wacker Neuson SE.; Generac Power Systems Inc.; Harrington Generators International Ltd.; Kohler Co.; WINCO; Cummins, Inc.; Multiquip, Inc.; Caterpillar Inc.; Briggs & Stratton Corporation; and Honda Siel Power Products Ltd. Players participate in the growth by R&D programs of innovative generators. They develop sophisticated goods such as IoT connectivity and emission detection technologies.
The establishment of a big number of production facilities has taken place in India and China, including by some of the leading automobile and consumer electronics companies such as Apple, Inc.; Volkswagen and Sony.
They also aim to expand their location and manufacturing through the acquisition of smaller businesses. For instance, Kohler, Co. has taken over from Clarke Energy, a UK gasoline and diesel generator manufacturer. In order to increase its production ability, Multiquip Inc. has set up a new plant at Carson for the manufacture of mobile generators.
Portable generators are used in national, business and industrial applications for electricity generation.
Acumen Research and Consulting predict that, the portable generators market size is anticipated to be worth around US$ 5 billion in 2026.
The portable generators market is anticipated to grow over 4.8% CAGR during the forecast period 2019 to 2026.
In 2018, diesel dominated the market, because these versions offer benefits such as lifespan and resilience to heavy loads.
The industrial segment dominated the general market in 2018.
The largest income in Asia Pacific in 2018 was USD 1.2 billion.
The portable generators market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).