Market Research Report
Global Portable Generator Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||285561|
|Published||Content info||129 Pages
Delivery time: 1-2 business days
|Global Portable Generator Market 2019-2023|
|Published: December 26, 2018||Content info: 129 Pages||
Dual fuel generator technology to drive growth in the market. With the help of technological advances, vendors design dual fuel systems that enable a diesel engine to run on CNG as well, without incorporating any prominent permanent changes in the engine. Technavio's analysts have predicted that the portable generator market will register a CAGR of almost 8% by 2023.
To overcome power outage in developing regions, consumers are increasingly adopting portable generators for backup power supply.
For residential consumers, alternative backup solutions that use battery power packs or inverter technology are cost effective and more environment friendly than generators.
For the detailed list of factors that will drive and challenge the growth of the portable generator market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Yamaha Motor and YANMAR the competitive environment is quite intense. Factors such as the unreliable power grid infrastructure in developing countries and the dual fuel generator technology, will provide considerable growth opportunities to portable generator manufactures. Briggs & Stratton, Caterpillar, Generac Power Systems, Honda Motor, Kohler, Yamaha Motor, and YANMAR are some of the major companies covered in this report.