Residential Portable Generator Market is set to grow at a significant CAGR during the forecast period. A portable electric generator is a power backup tool such that insignificant use can hamper its functionality. Moreover, there are certain guidelines under which the portable generator can be used efficiently for long.
Residential portable generator industry is driven by increase in demand by construction sites to operate various backup device and equipment and enable non-hardwired and stand-alone applications. The residential portable generator market is gaining a high traction by consumers since it is cost-effective and easily movable from one place to another. In addition, rise in demand for energy during crisis is anticipated to grow in the next five to ten years and due to which, there is a constant need for a viable source of energy reserve. To counter this, the portable generators can cater to the increased demand.
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Application category for residential portable generator industry comprises emergency and prime/continuous. By fuel, the market of residential portable generator entails gasoline, natural gas and diesel. By end-user, residential portable generators market comprises industrial, commercial and residential. Power rating category for residential portable generator industry includes less than 5kW, 5-10kW and more than 10kW.
Geographical segmentation for residential portable generator market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific leads the market growth in the forecast period owing to fluctuation in power supply and frequent power-cut off.
North American and European markets are likely to grow at a moderate CAGR in the forecast period due to slow demand for portable generators owing to presence of proper power infrastructure in the region and presence of the key players in market. The key players profiled in the residential portable generators industry report are Honda, Generac, Kohler and Briggs & Stratton.
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Market split by Type, can be divided into:
• Diesel Type
• Gasoline Type
• Gas Type
Market split by Application, can be divided into:
• Less than 4 KW
• 4-8 KW
• More than 8 KW
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
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