London, 12 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global residential portable diesel generator market 2015-2019, which is expected to grow at a CAGR of 8.2% during the forecast period of 2014-2019.
Growing dependence on electronic goods for day-to-day activities is a significant factor that promotes growth in this market. This dependence on electrical goods necessitates the need for a continuous power supply in times of natural disasters. Power grid failures can also be caused by the high pressure exerted on older components in the power grid. Factors such as the rapidly growing population, urbanization, and industrialization in developing countries are expected to boost the prospects for growth in this market.
“Currently, the global diesel and gas generator markets are witnessing an emerging demand for hybrid generators — generators that run on both gas and diesel. Hybrid generators offer increased cost and fuel efficiencies compared to conventional generators,” says Faisal Ghaus, Vice President of Technavio.
“Hybrid generators also provide environmental sustainability by emitting less GHGs and consuming less energy than conventional generators. Thus, the increasing demand for hybrid generators adds to the overall potential of this market.”
Key Market Drivers:
- Increasing adoption by residential users
- Easy accessibility and user-friendliness
- Increasing frequency of power grid failures and blackouts
- Increasing energy deficit
Key Market Trends:
- Emergence of next-generation generators
- Increasing number of mergers and acquisitions
- Emerging demand for hybrid generators
- Product differentiation
Key Market Vendors:
- Briggs & Stratton
- Honda Motor
- Kohler
- Generac Holdings
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%…
