London, 05 August 2015 – Technavio, a tech-focused research firm, has published a new report on the global diesel portable generator market, which is expected to grow at a CAGR of almost 8% from 2015-2019.
According to the latest report by Technavio, commercial and construction segments are the two major end-users in the global diesel portable generator market. Portable generators offer more benefits such as less noise emission, and low initial investment and maintenance, as compared to large and stationary generators, especially for residential consumers.
“In addition, portable generators are equipped with fail-safe technology, are user-friendly, portable, and easy to operate. These benefits are the major factors contributing to their increased adoption in the commercial and construction sectors leading to the growth of the market,” says Faisal Ghaus, Vice President of Technavio.
The report also emphasizes the increasing number of mergers and acquisitions, where several players in this sector are expanding their offerings to countries which have a high growth potential such as India, China, and other developing countries.
“These vendors will use mergers, acquisitions, and form strategic alliances with existing players and local vendors in the forecast period, which will help them enhance their distribution channels and improve market growth,” elaborates Ghaus.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
