TechNavio recognizes the following companies as the key players in the Global Portable Generator Market: Baldor Electric Co. Inc., Briggs & Stratton Corp., Cummins Inc., Eaton Corp., Generac Holdings Inc.. and Honda Motor Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Several market vendors are in the process of developing advanced generators with increased features and functionalities in order to sustain themselves in this competitive business environment. For instance, a few vendors are developing generators with comprehensive control and monitoring systems, which can improve the overall efficiency of generators. In addition, next-generation generators are considered to play an indirect role in complying with eco-friendly norms since they have built-in electronic governors and automatic voltage regulators. These technologies help in the automatic control of the speed of generator engines, thereby making the generators highly energy efficient. Moreover, smart generators are incorporated with additional features by which they can be monitored via the internet. Therefore, the emergence of next-generation generators is one of the recent trends in the market which is expected to have a positive influence on the growth of the market.”
According to the report, one of the main drivers in this market is the increasing adoption of generators by residential users. During the last two decades, there has been a growing need for electricity among residential users, owing to the increasing dependence on electronic and electrical products such as refrigerators, heating equipment, and air conditioners.
Further, the report states that the major challenge in the market is the requirement to comply with stringent emission regulations. Market vendors need to comply with emission regulations and norms formulated by various governments for the manufacture of generators.
The 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. For further information on this report, please visit https://www.technavio.com/report/global-portable-generator-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Portable Generator Market 2012-2016
