What's Driving the Portable Generators Market Trends? Prominent Players: Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler Power Group, Generac, Yamaha Motor Pvt, Ltd., Honda Motor Co. Ltd, Caterpillar, Atlas Copco, Siemens AG, Honeywell,
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Growing dependency on electronic & electrical appliances to suffice daily operations across large number of end-users will boost the global portable gensets market share. Rising customer requirement for zero downtime and enahnced reliability will continue positively contribute toward deployment of these gensets. Furthermore, shifting consumers inclination toward portable gensets for continuos power supply to run heating systems, lights, etc. during an outage will stimulate the product adoption.
Shifting consumer inclination toward mobile units with smaller surface footprint and easier portability will fuel the 3.5 to 5 kVA based portable generators market share. The capability of these generators to suffice consumer power requirements across residential facilities will stimulate their incursion across the industry. Light weight, operational suitability and compactness are some of the indispensable features encouraging the product adoption.
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Commercial portable gensets market share is expected to expand over 4% by 2025. Rising participation for outdoor recreational activities supported by growing consumer disposable income will drive the industry growth. These gensets are lightweight and small that are majorly installed for outdoor recreational applications comprising sudden blackouts, backyard parties, RV installations, and camping trips etc.By 2025, portable gensets market share is expected to expand over USD 40 million across Nigeria. Poor electricity transmission & distribution (t&d) networks, high electricity prices along with rampant population growth will propel the product adoption in the country.
Leading Key Players in Portable Generators Market are:
o Kirloskar Oil Engines Limited
o Briggs & Stratton
o Kohler Power Group
o Yamaha Motor PvtLtd.
o Honda Motor Co. Ltd
o Atlas Copco
o Siemens AG
o Honeywell InternationalInc.
o Wacker Neuson SE
o John Deere
o Champion Power Equipment
o DuroMax Power Equipment
o Firman Power Equipment
Three-phase portable generators are installed with minimum external circuitry and typically possess simpler machinery and lower weight in comparison to single-phase units. Flexibility, optimum material efficiency and efficient power supply are some of the prime features positively influencing the business outlook.Easier fuel availability, competitive product price, simpler operation and high portability are the underlying features which will augment the adoption of gasoline fueled portable generators. The rising adoption of these units is attributed to their multi-use capacity and lower price index that will support the varying end-user requirements.
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