London, 28 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global residential portable petrol generator market 2015-2019, which is expected to grow at a CAGR of 6.3% during the forecast period of 2014-2019.
The increasing frequency of power grid failures is one of the major factors that will boost growth in this market. Grid failures caused by high pressure exerted on older components in the power grid will increase the demand for portable petrol generators globally. Factors such as urbanization and industrialization will increase the demand for power globally, which leads to blackouts and power outages. Increasing instances of blackouts and power outages is expected to augment the demand for residential portable generators across the globe.
“Next-generation generators are expected to play a vital role in complying with eco-friendly norms, as they have built-in electronic governors and automatic voltage regulators. These technologies automatically control the speed of generator engines as needed, thereby making the generators more energy efficient,” says Faisal Ghaus, Vice President of Technavio.
“Smart generators possess additional features that enable them to be monitored remotely via the Internet. Therefore, the emergence of next-generation generators is trending in the market, which is expected to have a positive influence on market growth.”
Key Market Drivers:
- Economical portable generators
- Convenience of use
- Blackouts due to natural disasters
Key Market Trends:
- Emergence of next-generation and hybrid generators
- Cleaner alternative fuels gaining traction
- Mergers and acquisitions
Key Market Vendors:
- Briggs & Stratton
- Cummins
- Eaton
- Generac
- HGI
- Honda Motors
- Kohler
- Yamaha
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%…
