London, 13 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the residential portable generator market in the US 2015-2019, which is expected to grow at a CAGR of 9.46% during the forecast period of 2014-2019.
Residential portable generators are easy to handle and can be easily transported from one place to another. These generators are highly effective in situations where power backup is required for a short period for low voltage appliances. They provide more flexibility to users as they can be used for diverse purposes such as outdoor parties, camping trips, tailgating, and RVs.
“The residential portable generators are primarily run on gasoline, which accounts for more than 90% of the fuels used for running portable generators,” says Faisal Ghaus, Vice President of Technavio.
“Governments worldwide are encouraging the use of alternative, low-carbon, and clean fuels by imposing strict emission norms. This has led several manufacturers to come up with portable generators that use clean fuels.”
Key Market Drivers
- Power Outage due to Natural Disaster
- Economical Portable Generators
- Convenience to Use
Key Market Trends
- Cleaner Alternative Fuels gaining Traction
- Increased Demand from East Coast Region
- Competition from Stationary Generators
Key Market Vendors
- Briggs and Stratton Corp.
- Generac Holdings Inc.
- Honda Power Equipment Ltd.
- Kohler Co.
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%…
