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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Residential Portable Generator market for 2018-2023.
Residential Portable Generators are the most common kind of backup power solution. Versatile and easily moved, a portable generator can be used in multiple locations for several purposes. In an emergency, Residential Portable Generator can provide critical backup power. Just add fuel, start the engine, and run extension cords to your most essential items. During a power outage, Residential Portable Generator make sure the most important itemslights, refrigerators and freezers, sump pumps, even space heaters and window air conditionersare up and running, minimizing any disruption to ones' lifestyle.
In the coming years there is an increasing demand for Residential Portable Generator in the regions of US and Europe that is expected to drive the market for more advanced Residential Portable Generator. Growth in government budgets in the principal countries, increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Residential Portable Generator will drive growth in China markets.
Globally, the Residential Portable Generator industry market is low concentrated as the manufacturing technology of Residential Portable Generator is relatively matures than some high-tech equipment. And some enterprises, like Honda Power, Generac, Briggs & Stratton, Yamaha, etc. are well-known for the wonderful performance of their Residential Portable Generator and related services. At the same time, China, occupied 13.02% sales market share in 2016, is remarkable in the global Residential Portable Generator industry because of their market share and lowing cost of raw material and labor.
The consumption volume of Residential Portable Generator is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Residential Portable Generator industry may not keep that fast. But it is surely forecasted that the market of Residential Portable Generator is still promising.
Over the next five years, LPI(LP Information) projects that Residential Portable Generator will register a 7.1% CAGR in terms of revenue, reach US$ 2020 million by 2023, from US$ 1340 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Portable Generator market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Diesel Type
- Gasoline Type
- Gas Type
Segmentation by application:
- Less than 4 KW
- 4-8 KW
- More than 8 KW
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Honda Power
- Briggs & Stratton
- United Power Technology
- Wacker Neuson
- Hyundai Power
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Residential Portable Generator consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Residential Portable Generator market by identifying its various subsegments.
- Focuses on the key global Residential Portable Generator manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Residential Portable Generator with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Residential Portable Generator submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.