North American portable generators market will register significant growth rate up to 2025 on account of growing consumer awareness toward emergency backup power favoured by increasing disposable income amongst end-users.
Selbyville, Delaware, June 13, 2019 (GLOBE NEWSWIRE) —
The U.S. portable generators market is set to surpass an annual shipment of 1.5 million units by 2025. Aging grid infrastructure coupled with deteriorating grid resilience to extreme weather conditions will stimulate the adoption of these units in the country. The U.S. electrical infrastructure is susceptible to unpredictable & frequent power failures as it dates back to 1950s. Rising investments in backup power solutions along with growing consumer awareness toward emergency preparedness will further favor the business scenario.
Nigeria portable generators market size is set to surpass USD 40 million by 2025. High electricity prices, poor electrical transmission & distribution networks coupled with rapid population growth will drive the product penetration in the country. According to the 2017 IEA Energy Access Outlook, over 590 million people accounting for nearly 57% of the population in sub-Saharan Africa do not have electricity access.
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Growing demand for consistent and dependable power supply across job sites will boost the 8-15 kVA portable generators market growth. These gensets are deployed across industrial spaces and construction sites to adequately power jobsite equipment & tools. Minimal operating costs and ease of mobility associated with these units will encourage product demand. Upcoming mega events, most notably the 2020 Dubai World Expo & Qatar FIFA World Cup 2022 will demand widescale deployment of these units to facilitate the robust construction activities.
Global Portable generators Market is set to exceed USD 4 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Increasing dependency on electrical & electronic appliances to sustain daily operations across a multitude of end-users will stimulate the global market growth. Strengthening customer demand for zero downtime and increased reliability will continue to entail the prevalent deployment of these gensets. The consumers resort to portable gensets to immediately power appliances demanding continuity of supply, including lights, heating systems, etc. during an outage.
Growing demand for Recreational Vehicles (RVs) along with a gradual shift in consumers’ travel preferences will stimulate commercial portable generators market size. Moreover, mounting focus on the development of campgrounds and tourism will support the product penetration across the sector. These mobile gensets form an indispensable part of the outdoor recreational activities as a portable power source.
Browse key industry insights spread across 434 pages with 846 market data tables & 31 figures & charts from the report, “Global Portable Generators Market Size By Power Rating (<2 kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, 8-15 kVA), By End-Use (Residential, Commercial, Construction), By Phase (Single Phase, Three Phase), By Fuel (Gasoline, Diesel, Others) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, Australia, Japan, China, India, Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam, South Korea, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Mozambique, Mexico, Chile, Argentina, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
Residential applications, in 2018 accounted for over 55% of the global portable generators market revenue share. These gensets are predominantly deployed for backup power in households, residential flats, buildings, cottages, villas or bungalows to provide power continuity during weather-related outages, brownouts, or other electrical failures. Small surface footprint, affordable price portfolio, and quick response times to grid failure are the key features strengthening the product demand.
Gasoline portable generators market will witness growth on account of increasingly frequent and prolonged power outages caused by weather-related disasters, grid failures, rolling blackouts etc., which necessitate the deployment of these units. These generators efficiently serve the purpose for portable units on account of their light weight, mobility, and easier fuel availability.
Notable industry players operating across the global portable generators market include Honda, Cummins, Generac, Yamaha, SDMO, Kirloskar Oil Engines Limited, Briggs & Stratton, Atlas Copco, Caterpillar amongst others.
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