Residential Portable Generator Consumption Market 2017 Trends and Review: Growing at a CAGR of 7.15% between 2016 and 2022

The global Residential Portable Generator market is valued at 1251.02 million USD in 2016 and is expected to reach 1892.98 million USD by the end of 2022, growing at a CAGR of 7.15% between 2016 and 2022.

AResidential Portable Generator also known as emergency power system is a liberated source of electric force that backs up imperative systems of electricity by losing normal power supply. Standby generator, batteries and other components may be included in a standby system. In order to secure property and life from the emanation of loss of major electric power supply, emergency power systems are implemented. They are extensively useful for various setting such as ships, scientific laboratories, equipment of telecommunications and data centers. These emergency power systems can depend upon hydrogen fuel cells, generators, flywheel energy storage or even cycle batteries.

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Mains power can be cut due to factors such as malfunctions at a sub-station, a failure of the grid-wire, downed lines, and inclement weather or in extreme situations planned blackouts.In residential areas that are modernized, maximum of the emergency power systems are based on generators. Commonly, the utilization of Diesel drives these generators; however, generators that are gasoline driven may be used by smaller buildings and gas turbine is used by the larger ones. Nonetheless, deep cycle batteries and various technologies like fuel cells or flywheel energy storage are being used widely in recent times. System like these grant placement to be completed inside the building as they do not gasses that are polluting. With an additional advantage, these systems do not need an independent shed to be built for the purpose of fuel storage.

The global residential portable generator market was worth $3,146 million in the year of 2015and is anticipated to show substantial growth in the coming years. Growing requirement of power backup facility, diesel-fueled generators, rise in awareness of generators that are portable, rising demand for generators that are low in cost and increasing preference of natural gas-fueled generators are factors that are influencing the growth of residential portable generator market.

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However, limited supply of power and regulations in regard to the environment and the emission of harmful gases may prove to be a restraint to the residential portable generators market. Furthermore, rising implementation of power generating systems that are multipurpose along with rising awareness of in-house power backup and increasing requirement power systems that are portable in outdoor activities is expected to boost the growth of the residential portable generators market.
On the basis of power output the residential portable generator market is segmented into more than 10Wk, less than 3kW and 3-1-kW. On the basis of application the market is segmented into industrial, commercial and domestic. Based on type of fuel the market is segmented into gasoline, propane, natural gases and diesel. Some of the key vendors operating in this market are Yamaha Motor Corporation, Honda Motor Co., Ltd., Champion Power Equipment, Inc, Generic Power Systems, Inc., Kohler Co., Briggs & Stratton Corporation and Eaton Corporation plc. Geographically, this market is segmented into Europe, North America, Asia Pacific and LAMEA.

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