April 06, 2021
According to a research report titled ‘Europe Portable Generators Market Size By Power Rating, End-Use, Phase, Fuel, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, Europe portable generators market is projected to register strong CAGR through 2025.
As per research findings, rising consumer awareness about emergency preparedness and response, increasing frequency & severity of natural disasters, and subsequent demand for electricity backup solutions due to grid disturbances are catalyzing Europe portable generators market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2940400/
Notably, portable power generators are intended to provide uninterrupted power supply for the operation of electric tools as well as jobsite equipment. Moreover, the ability to provide electricity to remote and off grid sites while supporting the electric network will also stimulate industry growth.
Based on power rating, the industry is classified into <2 kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA. Of these, 8-15 kVA rating segment is set to grow at a rapid pace in the upcoming years, due to swift public infrastructure development, and ongoing construction activities.
Moving on to fuel type, gasoline, diesel and other variants available in the marketplace. Among these, portable generators fueled by gasoline are expected to perform exceptionally well over the forthcoming period, owing to introduction of stringent environment regulation and emission control norms, emphasis on reducing dependence on fossil fuels, and easy availability of gasoline backed by oil & gas sector expansion will promote segmental share.
Elaborating on end user spectrum, global portable generators market is split into construction, commercial, and residential segments. Commercial segment is anticipated to significant revenue over 2019-2025, due to recent infrastructural development of commercial establishments such as hospitals, airports, malls, and hotels among others. Higher standards of living, and increased participation in outdoor recreational activities will bolster the demand for portable generators.
By phase type, Europe portable generators market is arrayed into single-phase and three-phase. Three-phase portable generators segment in Europe is poised to gain traction during the forecast period, as these units have minimal wire requirement. Furthermore, three-phase generators facilitate heavy machinery operations, and are well suited for industrial and commercial applications alike.
On the regional front, France is slated to account for a significant market share by the year 2025, due to increased electricity demand driven by amplifying tourism vertical. Commercial spaces such as malls, supermarkets, and hotels prefer continuous power supply, favoring adoption of generators.
Key contenders in Europe portable generators market are Caterpillar Inc., Atlas Copco, Cummins Inc., KOHLER Power, The Honda Motor Company Ltd., Siemens AG, Yamaha Motor Company Ltd., and Honeywell International Inc.