Press release
Portable Generators Market 2019 | Technology Innovation Analysis and Forecast To 2025 by Top Players: Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton
Global Portable Generators Market share by 2025 is anticipated to exceed 8 million units. Prolonged electrical outages, growing inadequacy of power supply, along with ongoing infrastructural expansion are some of the key parameters augmenting the product adoption. Rising severe and frequent weather-related blackouts in line with increasing reliance on backup power systems to support everyday operations will propel the industry dynamics.
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Major industry participants in the global portable generators market comprise Kirloskar Oil Engines Limited, Cummins, Kohler, Briggs & Stratton, Generac, Honda, Yamaha, Caterpillar, Siemens, Atlas Copco, Champion Power Equipment and Firman Power amongst others.
Growing dependency on electronic & electrical appliances to suffice daily operations across large number of end-users will boost the global portable gensets market share. Rising customer requirement for zero downtime and enahnced reliability will continue positively contribute toward deployment of these gensets. Furthermore, shifting consumers inclination toward portable gensets for continuos power supply to run heating systems, lights, etc. during an outage will stimulate the product adoption.
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The increasing usage of electronic gadgets and rising gap between power demand and supply will drive global portable generators market in the upcoming years. Reportedly, the total number of IoT connected devices worldwide is anticipated to reach 75.44 billion by the year 2025. This is a five-time amplification over the last 10 years. The increase in the number of connected devices and rising power requirements for operating these gadgets will fuel portable generators market share.
The establishment of new industrial facilities and technological enhancements in the APAC along with the regional expansion of waste heat to power market will augment the regional portable gensets industry share.
Partial Table of Contents (ToC) of the report:
Chapter 4 Global Portable Generators Market, By Power Rating
4.1 Global portable generators market share by power rating, 2018 & 2025
4.2
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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