Diesel-powered, gas-powered, or biofuel-powered equipment that provides temporary supply of electrical power are known as electrical generators. Portable generators can be moved and shifted with ease and do not require heavy or fixed infrastructure. Rising demand for uninterrupted power supply from various sensitive areas such as mines, construction sites, and oil and gas fields are triggering high demand in global portable generator market. Other drivers for the global portable generator market include increasing usage of portable generators in residential buildings, rapid urbanization and industrialization across the globe, and increase in the commercial and industrial activities in developed and developing economies. Natural disasters can cause great damage to electrical power grids. They can disrupt power supply in various parts of the grid and cause blackouts. Increasing instances of natural calamities such as earthquakes, tsunamis, floods, and hurricanes are driving the demand in global portable generator market.
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Some of the key players operating within the global portable generator market include Caterpillar Inc., Manlift Group, Ingersoll Rand, American Honda Motor Company, Inc., and John Deere. Innovations and sustainable development are the key focus areas for the players and manufacturers in the global portable generator market. Vendors in the global portable generator market are developing and designing next generation portable generators that can operate on sustainable energy sources and biofuels such as biodiesel. Rising environmental concerns regarding the pollution created by using fossil and other types of conventional fuels in driving the demand for generators that run on sustainable sources in the global portable generator market.
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North America region is predicted to contribute heavily to the development of global portable generator market in the coming years. This trend is owing to the requirement of steady power supply to counter the frequent power failures caused by natural disasters. Asia Pacific portable generator market is also expected to witness healthy growth in coming years owing to the lack of electric grid in remote areas of the region.