Scope of the Study
Portable residential generators can be used in multiple locations for several purposes such as supply essential home power needs during power-outage. It provides power to cabin appliances, or for power tools needed during projects. Recreational generators are hand-carry units that are lighter in weight and quieter in sound. These generators can be useful but dangerous if not used properly. The residential generators are Versatile and easily moved. Moreover, it comes with different power output such as 5000 watts, 7500 watts and more.
The market study is being classified, by Application (Emergency and Prime/Continuous) and major geographies with country level break-up.
Honda Siel Power Products Ltd. (India), Generac (United States), Briggs & Stratton (United States), Yamaha (Japan), KOHLER (United States), United Power Technology (Germany), Champion (United States), TTI (United States), Eaton (Ireland), Wacker Neuson (Germany), Honeywell (United States) and Hyundai Power (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Scott's (United States), Pramac (Italy) and Sawafuji (Japan).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Residential Portable Generator market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Residential Portable Generator market by Type, Application and Region.
On the basis of geography, the market of Residential Portable Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Adoption of Portable Generators by Residential Users
- Growing Demand of Steady Power Supply
- Increased Demand of Bio fuel Power Generators
- High Operation and Maintenance Costs
- Stringent Government Regulations for Diesel Engines
- Rising Weather Related Power Outages
- Increasing Urbanisation in Developing Economies
- Presence of Major Players are Increasing the Competition
Market Leaders and their expansionary development strategies
On March 2019, Generac Holdings Inc. has acquired Neurio Technology Inc. This acquisition will help the company to strengthen home energy management capabilities and accelerate efforts around connectivity and remote monitoring.
Key Target AudienceManufacturers, Raw material suppliers, Distributors, Government associations, Research organisations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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