Global Residential Diesel Portable Generator Market 2015-2019
Generators are devices that convert mechanical energy into electric energy. The source of mechanical energy can be internal combustion engine, hand crank, compressed air, or reciprocating steam engine. Internal combustion engine uses diesel, gasoline, propane gas, and natural gas to produce mechanical energy and this mechanical energy is converted into electric energy with the help of generator assembly. Generators are backup devices designed to provide temporary AC or DC power. They can be used as a source of backup or emergency power for residential, commercial, and industrial applications. A typical generator is powered via a fuel engine.
Technavio's analysts forecast the global residential diesel portable market to grow at a CAGR of 8.2% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global residential diesel portable market for the period 2015-2019. The market can be segmented into three divisions on the basis of product range: <3 KW, 3 to 10 KW, and 10 to 15 KW portable generators.
Technavio's report, Global Residential Diesel Portable Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global residential diesel portable market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Key regions
Technavio Announces the Publication of its Research Report – Global Residential Diesel Portable Generator Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Residential Diesel Portable Generator Market: Briggs & Stratton, Cummins, Generac Holdings, Honda Motor and Kohler
The other prominent vendors are: Caterpillar, Eaton, GE, Honeywell International, Perkins and Pramac
Commenting on the report, an analyst from Technavio’s team said: “Next-generation generators are expected to play a vital role in complying with eco-friendly regulations, as they have built-in electronic governors and automatic voltage regulators. These technologies automatically control the speed of generator engines as needed, thereby making the generators more energy efficient. Also, smart generators possess additional features that enable them to be monitored remotely via the Internet. Therefore, the emergence of next-generation generators is a trend in the market and is expected to have a positive influence on market growth.”
According to the report, residential and commercial end-users were the two major end-users in the global portable diesel generator market in 2013. Portable generators offer more benefits compared to large and stationary generators, especially for residential consumers. Portable generators emit less noise and require low initial investment and minimum maintenance. These generators are user-friendly and portable, and users do not require special technical knowledge to operate them. In addition, these generators are relatively safe and fitted with circuit breaker protection to prevent overloads. Most portable generator models are being introduced with inverter technology, which is used to generate clean energy. The energy generated by these devices is safe for the operation of electronic devices.
Further, the report states that many large end-users have begun to adopt gas generators instead of investing in diesel generators due to their limitations.
Briggs & Stratton, Cummins, Generac Holdings, Honda Motor and Kohler, Caterpillar, Eaton, GE, Honeywell International, Perkins, Pramac