Portable Generator Market to Perceive Substantial Growth During 2025
Portable
generator, also known as engine generator, is an engine driven
generator that is manufactured for multiple uses. Portable generator
consists of a prime mover, which is engine, and electrical generator.
These are mounted together to form an electric generation unit.
Portable generator unit consists of various components that are
assembled together to form a single unit. Primary components include
fuel tank, alternator, starter, and internal combustion engine.
Portable generator is not permanently installed and can be moved from
one place to another place. This is the difference between standby
generator and portable generator. Furthermore, it is manually
started. Portable generator is primarily used to provide electrical
power where electricity is unavailable or required for temporary
purpose. Frequent power outages and rise in demand for uninterrupted
electricity are driving the demand for portable generators.
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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.
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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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