October 09, 2020
According to the recent research report titled ‘Asia Pacific Portable Generators Market Share By Power Rating, End-Use, Phase, Fuel, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, Asia Pacific portable generators market is expected to record substantial growth during 2019-2025.
Increasing weather-related catastrophes, high prevalence of blackouts, inclination towards adopting power backup solutions, and growing importance of emergency preparedness due to high grid disturbances are the key factors driving the growth of Asia Pacific portable generators market.
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In terms of power rating, the 8-15 kVA segment of Asia Pacific portable generators industry is anticipated to grow substantially over the forecast timeframe, owing to flourishing construction activities across emerging economies. These units are primarily deployed in the construction sector, which rely on the uninterrupted supply of electricity for the continuous operation of workplace machinery and other electrical instruments. Moreover, the product’s ability to supply power to off-grid construction sites are promoting the adoption of 8-15 kVA generators, which in turn is favoring Asia-Pacific portable generators industry outlook.
Speaking of end-use scope, Asia Pacific portable generators market from the commercial segment is poised to register notable gains over the analysis period, on account of rapid development of commercial spaces including airports, malls, hotels, and others. Other factors such as improved living standards, high participation in outdoor recreational activities such as backyard parties, camping trips, and rising RV installations are adding traction to Asia-Pacific portable generators industry growth from commercial sector.
Elaborating on phase type, the single-phase segment of Asia Pacific portable generators market is expected to expand significantly over the forecast period, primarily due to easy availability of lightweight and small systems. These units work with minimal specifications for wiring which are commonly available in residential applications. In addition, high inclination towards implement simple and compact systems are positively swaying the business dynamics in Asia-Pacific.
Based on fuel type, the gasoline segment is expected to register decent growth over the estimated timeframe. The segmental growth is credited to introduction of stringent norms regarding emission control. Additionally, the product’s potential to reduce dependency on fossil fuels in tandem with easy fuel availability are boosting the product adoption, which in turn is facilitating Asia-Pacific portable generators market scenario .
From the regional perspective, Thailand portable generators industry is slated to grow substantially over the study period, owing to booming tourism sector. Moreover, the product installation will be supported by increased deployment of mobile generators across supermarkets, malls, and hotels, and escalating demand for power.
Major contenders in Asia Pacific portable generators market are Honeywell International Inc., Caterpillar Inc., Siemens AG, Atlas Copco Group, Yamaha Motor Co. Ltd., Honda Motor Company, Kohler Power Group, and Cummins Inc.