London, 03 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global portable generator market in the construction industry 2015-2019, which is expected to grow at a CAGR of 7.5% during 2014 and 2019.
“Increased construction activities require continuous power supply, and thus generator as a backup. The global construction market is fueled by the rising demand for public infrastructure in the GCC and APAC,” says Faisal Ghaus, Vice President of Technavio.
“The building construction market for the healthcare sector in the GCC countries will grow by more than 90% to reach $7 billion by the end of 2015, and positively influence growth of the global portable generator market in the construction industry.”
Key Market Drivers
- Cost-effective portable generators
- Easy accessibility and user-friendliness
- Rise in power grid failures and outages
Key Market Trends
- Growth in construction industry in APAC and GCC
- Technological advances in generator market
- Demand for rental portable generators
Key Market Vendors
- Briggs & Stratton
- Cummins Power Systems
- Generac Power Systems
- 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%…
