DUBLIN, Apr. 20, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/582rgc/global_portable) has announced the addition of the "Global Portable Generator Market 2015-2019" report to their offering.
The analysts forecast the Global Portable Generator market to grow at a CAGR of 7.92% over the period 2015-2019
Portable generators are the best solutions to provide AC power for standby non-hardwired applications. Low-end models support only a few basic home appliances. However, there are high-end portable generators that can provide backup AC power to an entire house. Apart from residential use, portable generators are widely used in commercial buildings as well as industrial and infrastructure sites. In short, they can be utilized in all places where grid is unavailable.
The emergence of next-generation portable generators is one major trend in the market. Several vendors are in the process of developing advanced portable generators with improved and advanced features and functionalities to sustain in the highly competitive business environment.
According to the report, the increase in usage of portable generators by residential users is one key driver of the market. Over the past two decades, there has been a growing need for electricity among residential users, owing to the rising levels of dependence on electronics and electrical products such as refrigerators, heating equipment, and air conditioners.
Further, the report states that the requirement to comply with stringent emission regulations and guidelines is primarily deterring the market growth. Vendors need to comply with stringent emission regulations and norms formulated by various governments while designing and manufacturing portable generators.
Generators are backup devices designed to provide temporary AC power by using a supplied fuel, which can be either diesel or gas. Generators, depending on their portability, are segmented into two broad categories:
The major advantages of portable generators over a standby generator are the following:
- Low priced
- Do not require special installation
- Baldor Electric
- Briggs & Stratton
- Generac Holdings
- Honda Motor
- Yamaha Motor
Other Prominent Vendors
- Champion Power Equipment
- Honeywell International
- MTU Onsite Energy
- Powerdyne International
- Scott's Emergency Lighting & Power Generation
- Technotronic Industries
- TECO-Westinghouse Motor
- Wacker Neuson
For more information visit http://www.researchandmarkets.com/research/582rgc/global_portable
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets