|
|
|
Construction Industry News Releases
|
Home | Submit Press Release | Advertise | Submit Website
(Construction.IndustryNews247.Com, September 27, 2018 ) The portable generator market is projected to be USD 1.91 Billion in 2017 and is expected to grow at a CAGR of 3.66%, during the forecast period, to reach a market size of USD 2.28 Billion by 2022. The increasing number of weather-related power outages and the growing demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.
The portable generator market has been segmented, by end-user, into residential, commercial, and industrial. The residential end-user segment led the portable generator market in 2016. Portable generators are mainly used to run the small-sized and medium loads, including household appliances, small-sized to medium industrial machineries such as air compressors, drills, vibrators, and agricultural applications. The increasing number of weather-related and non-weather-related (aging grid) power outages are creating problems for small and medium scale businesses. Frequent power outages due to weather-related and aging grids are the main drivers for the portable generator market.
The report segments the portable generator market on the basis of fuel type, into gasoline (petrol), diesel, natural gas, and others which includes LPG, propane, and bio-diesel. The others segment is the fastest growing segment of the portable generator market. The increased focus on environment-friendly technologies around the world is driving the market for LPG-, propane-, and bio-diesel fuel-based portable generators.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=195875841
On the basis of power rating, the portable generator market has been segmented into < 5 kW, 5 to 10 kW, and 10 to 20 kW. The 5 to 10 kW segment is expected to be the fastest growing segment during the forecast period. 5 to 10 kW generators find applications in air compressors, drills, high-pressure washers, and industrial motors and these portable generators can handle a huge amount of load.
On the basis of application, the portable generator market has been segmented into emergency and prime/continuous power. The prime/continuous power segment is expected to be the fastest growing segment during the forecast period. Increasing construction activities in countries such as China, India, the US, the UAE, and Saudi Arabia are expected to create the demand for portable generators for prime/continuous power applications.
In this report, the portable generator market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is expected to be the fastest-growing market for portable generators during the forecast period. Asia Pacific is the home to two of the fastest-growing economies, India and China. The building and construction market is on the rise in India and China, due to current government initiatives such as smart cities and green building initiatives, which are expected to create the demand for portable generators during the forecast period.
Some of the major players in the portable generator market are Honda Motor (Japan), Briggs & Stratton (US), Co. (US), Generac (US), and Yamaha (Japan). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the portable generator market.
Request For Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=195875841
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
|
|
|
|
Construction News by Sector
|
|
|
|
Industrial News TV
|
