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.

Rockville, WA -- (SBWire) -- 07/25/2018 --The global market for portable generators has been growing at a starry rate due to an inflow of demand from industrial, residential, and commercial longitudes. Electric power has become an necessity of all industries, be it large or small, and this has given an impetus to the growth of the global market for portable generators. These generators provide regular supply of electricity as long as they are supplied with adequate amount of diesel or gas. A small turbine is fitted inside the engine of these generators that can be instantly powered by adding fuel to it. The total wattage is a key parameter to decide the capacity of a portable generator, and generators with a range of wattages are available in the market. A higher wattage means that the generator can easily power appliances with a high wattage threshold. Although portable generators are used in the industrial sector, its usage is mainly restricted to the residential sector. This is because generated by portable generators is not enough to power the high-wattage machinery in industrial units. Some of the key types of generators in the global market for portable generators are inverter generators, camping generators, and mine spec generators.

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The global market for portable generators is projected to accumulate an opportunity worth US$ 797.2 million during the period ranging from 2017 to 2022. Furthermore, the CAGR of the global portable generators market during the same period is estimated to be 5.10%.

Availability of Several Generator Types Bodes Well for the Market

The manufacturers of portable generators have been steadfast in producing various types of generators including diesel generators, bi-fuel generators, gas generators, and tri-fuel generators. This helps the user in deciding which fuel is most economical and abundantly available for them thus, enhancing the growth prospects of the global market for portable generators. Furthermore, the need for electricity is not restricted to powering household equipments, but is also used for several purposes during travel, ceremonies, and other events. Hence, the demand for portable generators has also escalated due to the multiple uses of these generators for several population demographics. However, the global market for portable generators is not free of hindrances and several environmental factors haunt the market. Toxic emission from portable generators has led to debates with regards to the usage of these generators. Several countries and regions have imposed strict regulations on the use of equipment that contributes to the global emission levels. Hence, the demand for portable generators has suffered a setback due to the rising environmental concerns across the globe.

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Asia Pacific Market Holds Commendable Opportunity for Growth

The popularity of consumer electronics in India and China has given a boost to the demand for portable generators in these countries. This has in turn fortified the market for portable generators in Asia Pacific where new opportunities are expected to open up in the years to come. Furthermore, the regulations with regards to the use of portable generators are relatively lenient in the region as against the strict rules in the western regions. Hence, it is safe to predict that the demand within the Asia Pacific market for portable generators would reach new heights in the years to come.

Some of the leading players in the global market for portable generators are Briggs & Stratton Corp, Kohler Co. Inc., Yamaha Motor Co., Honeywell International Inc., and STEPHILL GENERATORS LTD.

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