Portable Generator Market to Observe Strong Development by 2026
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Portable Generators Market: Segmentation
The portable generator market can be segmented based on power rating, energy source, and application. Based on power rating, the portable generator market can be divided into up to 5 kW, between 5 kW and 10 kW, between 10 and 15 Kw, and above 15 Kw. The 10 kW to 15 Kw segment accounted for major share of the market in 2016. 10 to 15 Kw portable generators are primarily used for residential and commercial purposes. They also meet the need of end-users in terms of cost. The between 10 kW and 15 Kw segment is also anticipated exhibit significant growth rate during the forecast period. After 10 to 15 Kw, above 15 Kw portable generators are anticipated to expand at a moderate rate due its use in construction and mining sites.
Based on energy source, the portable generators market can be divided into gasoline, diesel, and gas driven. The gasoline segment dominated the market due to its compatibility toward small capacity engine. Gasoline are also readily available and enable quick starting of the engine.
Based on application, the portable generators market can be segmented into residential, commercial, and industrial. The residential segment contributed major share of the market in 2016. Under the residential segment, portable generators are used for various activities such as family functions, picnic, and camping. Under the industrial segment, portable generators are used in construction, drilling, and mining sites where uninterrupted electric power is required for various operations.
Portable Generator Market: Region-wise Outlook
Based on region, the portable generator market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific held major share of the portable generator market in 2016. In Asia Pacific, portable generators are used in small shops during various outdoor events and functions. It is likely to remain the dominant region during the forecast period. After Asia Pacific, North America accounted for large share of the portable generators market. Increase in natural calamities in North America in the form of hurricanes are hampering power usage; as a result, demand for portable generators is increasing in North America. Portable generators are primarily used at drilling sites and mining sites in Middle East & Africa and Latin America owing to the low availability of power supply.
Portable Generator Market: Key Players
Large number of companies operate in the global portable generator market. Portable generators are primarily used on rental basis. This hampers the overall demand for portable generators. Prominent manufacturers in the portable generators include Yamaha Motor Co., Ltd., Honda Siel Power Products Limited (subsidiary of Honda Motor Co., Ltd.), and Kohler Co.
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