World Portable Generator Market to Grow at 7.91% CAGR to 2021 Driven by Natural Disasters Causing Major Power Blackouts
May 8, 2017
ReportsnReports.com adds Global Portable Generator Market 2017-2021 latest research report; the analysts forecast global portable generator market to grow at a CAGR of 7.91% during the period 2017-2021.
May 8, 2017 /MarketersMedia/ —
One trend in global portable generator market is stringent emission regulations for diesel engines. The US EPA is implementing cleaner standards and regulations primarily for diesel fuel-powered engines. These norms form the basis for EPA's diesel control program. These rules emphasize the use of fuels like low sulfur and ultra-low sulfur diesel fuel to improve engine efficiency. The EPA executed emission control regulations in a series of steps called the Tier levels.
Complete report on portable generator market spread across 70 pages, analyzing 7 major companies and providing 27 data exhibits are now available at http://www.reportsnreports.com/reports/985435-global-portable-generator-market-2017-2021.html.
According to the portable generator market report, one driver in market is growing construction industry in APAC. The construction industry is a major end-user of generators. For operating necessary construction equipment and tools, the industry needs access to electric power, which is not easily accessible in many places where construction takes place. Hence, the industry heavily relies on backup power generators for an electric power source for operation of tools and equipment. With stringent restrictions imposed on diesel powered generators in terms of emissions and noise pollution, the construction industry is now slowly adopting the use of gas generators as they operate with minimal noise and negligible emissions when compared with diesel generators.
The following companies as the key players in the global portable generator market: Briggs & Stratton, Cummins, Eaton, Generac Holdings, Honda Motor, Kohler, and Yamaha Motor. Other prominent vendors in the market are: Caterpillar, Champion Power Equipment, Dresser-Rand, GE, GenTech, Honeywell International, Hyundai Power Equipment, Mellga, Mi-T-M, MTU Onsite Energy, Multiquip, Perkins, Pramac, Powerdyne International, Scott's Emergency Lighting & Power Generation, Subaru, Techtronic Industries, TECO-Westinghouse Motor, Wacker Neuson, Wärtsilä, and Winco. Order a copy of Global Portable Generator Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=985435.
Global Portable Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global portable generator market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through the study, synthesis, and summation of data from multiple sources.
Further, the portable generator market report states that one challenges in market is renewable power generation capacity expansion. China and the US each accounted for about 20% of the global power generation capacity in 2014. China's capacity is set to increase by 3% YoY until 2035. The significant capacity expansion is taking place in the renewable energy segment. Countries worldwide are moving toward renewable energies, such as the wind and solar, to meet their carbon emission goals and reduce dependency on fossil fuels. Many end-users, including the residential segment, have started adopting alternative forms of energy rather than depending on power generators. Solar power, wind energy, thermal energy, and other forms of renewable energy are nowadays becoming increasingly popular among all categories of end-users for electric power production.
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The portable generator market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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