London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the portable generator market in GCC 2015-2019, which is expected to grow at a CAGR of 6.2% during the period of 2014-2019.
The generator manufacturers in the GCC are now focusing to increase the efficiency of the equipment, especially for the rental companies. For instance, RSS power division along with the product R&D department is working closely to develop more efficient diesel generators in the UAE. Also, a few vendors are developing generators with comprehensive control and monitoring systems that can improve the overall efficiency.
“In GCC, portable generators primarily run on diesel and gasoline, which together accounts for more than 79.8% of the fuels used for running portable generators,” says Faisal Ghaus, Vice President of Technavio.
“Usage of liquid propane and biodiesel go a long way in reducing harmful effect of emissions caused by gasoline.”
Key Market Drivers
- Growing construction industry in GCC countries
- Cost-effectiveness
- Easy access and user-friendly
Key Market Trends
- Cleaner alternative fuels gaining traction
- Technological advances in generator market
- Emerging demand for hybrid generators
Key Market Vendors
- Briggs & Stratton
- Cummins Power Systems
- Generac
- Honda Motor
- Kohler
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
