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APAC Portable Generators Market Share to Boost During 2019-2025
Published Date: 2020-08-24
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According to the Graphical Research new growth forecast report titled “Asia Pacific Portable Generators Market Value By Power Rating (<2 kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, 8-15 kVA), By End-Use (Residential, Commercial, Construction), By Phase (Single Phase, Three Phase), By Fuel (Gasoline, Diesel, Others) Industry Analysis Report, Country Outlook (Australia, Japan, China, India, Indonesia, Thailand, Singapore, South Korea), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025”, to Boost During 2019-2025.
Asia Pacific Portable Generators Market Growth is set to experience a rise in consequence of the growing weather-related catastrophes followed by persistent blackouts. Amplified end user preference toward power backup and increasing significance of emergency preparedness owing to increasing grid disturbances will augment the industry growth.
8-15 kVA portable generators market will grow on account of industry expansion followed by booming construction activities prominently spanning across emerging nations. These units are chiefly deployed across construction industry centered at uninterrupted electrical supply for continuous operations of jobsite equipment and tools. In addition, ability to supply power to off grid construction sites along with the capability to support the grid infrastructure will stimulate the product penetration.
Commercial application is anticipated to grow owing to robust development of commercial spaces comprising hotels, malls, airports amongst others. Improved standard of living accompanied by increased participation in open-air recreational activities including camping trips, backyard parties and RV installations will complement the product adoption.
Rising consumer disposable income along with the availability of small and lightweight systems will augment the industry statistics for single-phase portable generators. These units operate with minimal wiring requirement and have wide applicability across residential applications. Furthermore, consumer inclination towards adoption of systems exhibiting simple machinery and compact sizing will enhance the industry landscape.
Gasoline portable generator sets market is set to escalate on account of the introduction of emission control norms. The ability to offer independency from fossil fuel coupled with easy availability of fuel driven by ongoing O&G exploration projects will propel the product adoption.
Thailand market will boom owing to magnified electricity demand driven by flourishing tourism sector. Increased deployment of mobile generators across hotels, malls and supermarket with an aim of counterbalancing the surging power demand along with their competence towards providing economical standby power will supplement the product installation.
The leading industry participants operating in Asia Pacific Portable Generators Market include Cummins, Kohler Power Group, Honda Motor, Yamaha Motor, Atlas Copco, Siemens, Caterpillar and Honeywell International. Several industry players are forming mergers and acquisition with a focus on benefitting by economies of scale in order to withstand their competitive advantage.