Asia Pacific Portable Generators Market Size is anticipated to rise on account of growing inadequacy of electricity supply, prolonged power failures coupled with ongoing infrastructural development. Frequent blackouts driven by severe natural calamities and weather-related mishaps along with growing dependency on emergency backup power in order to sustain daily operations will enhance the product deployment.
Increasing electricity demand in conjunction with surging population growth, prominently across emerging nations will propel the market growth. The South Asian countries are inflicted by power outages lasting for majority of the day hours. For instance, as per the World Bank, over a quarter of world’s off-grid population resides in South Asia, where power distortions account for 4-7% of the GDP a year. Therefore, rising emphasis on meeting the electricity requirement in the region is anticipated to drive the industry scenario.
Shifting end user preference toward mobile systems facilitating easier transportation with smaller surface footprint is set to enhance the 3.5-5 kVA portable generators market growth. These units efficiently cater to the power requirements of consumer, primarily across residential spaces. In addition, their compactness along with operational suitability for majority of the industry operations will encourage the product adoption.
Residential portable generators market size is anticipated to expand owing to its wide applicability and prevalent installation base across households driven by increased consumer’s emergency preparedness in an event of a grid failure or blackout. Frequent power cuts driven by amplified electricity demand along with the ability of to support the electric network will facilitate the industry growth.
Three-phase market is estimated to witness a boom owing to the ability of to operate with nominal external electrical system. These systems possess the capability to support heavy equipment and is suitable for industrial and commercial applications. Further, increasing industry preference toward adoption of efficient power supply systems coupled with its flexible and easy transportability is set to augment the product landscape.
Diesel portable generators market will grow on account of low price and easy availability of fuel. Rising industry influence toward adoption of portable units along with its simpler operations will stimulate the product penetration. The ability to cater to the wider range of applications and offer long product lifespan together with low operational costs is set to stimulate the market scenario.
Japan portable generators market is set to grow on account of increasing frequency and severity of natural calamities comprising earthquake and tsunamis. The geographic location of Japan lies along the Pacific Ring of Fire on account of which it experiences severe tremors thus stimulating the market growth. Further, elevated implementation of development project driven by rising investments centered at construction and industry expansion will favor the industry scenario.
Eminent industry participants are forming strategic partnership and focusing on offering product differentiation through aesthetics and designs to their customers in order to sustain their market share. Key players operating across the Asia Pacific Portable Generators Market include Atlas Copco, Cummins, Yamaha Motor, Honda Motor, Siemens and Honeywell International amongst others.