- The key vendors in the portable generator market in Europe 2015-2019 are Briggs & Stratton, Cummins Power Systems, Generac Power Systems, Honda Motor and Kohler.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the portable generator market in Europe 2015-2019. Economic uncertainty in Europe has restricted investment in the development of new products. The focus has been more on the implementation of advanced services, which includes system performance and energy efficiency. Vendors are developing new generators with advanced features and functionalities to remain competitive. The portable generator market in Europe is expected to grow at a CAGR of 5.7% during the forecast period of 2014-2019.
The significant growth in industrial activities is likely to boost the demand for portable generators in the region during the forecast period. These generators do not require installation and can be easily transported. A large number of local vendors, and international vendors like Cummins, are investing in the European portable generator market. Market vendors are also focusing on acquiring local vendors to expand their market worldwide.
“Portable generators are highly economical and provide a quick backup solution during power outages. Though rises in fuel prices and raw materials have increased the cost of portable generators, they are still preferred because they are mobile and don’t require installation,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions 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%…
