Top 3 Trends Impacting the Global Portable Generator Market Through 2021: Technavio
June 23 2017 - 07:17PM
Business Wire
Technavio’s latest market research report on the global
portable generator market provides an analysis on the most
important trends expected to impact the market outlook from
2017-2021. Technavio defines an emerging trend as a factor
that has the potential to significantly impact the market and
contribute to its growth or decline.
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Technavio has published a new report on
the global portable generator market from 2017-2021. (Graphic:
Business Wire)
Gaurav Mohindru, a lead analyst from
Technavio, specializing in research on engineering tools
sector says, “The global portable generator market is expected to
grow at a CAGR of close to 8% during the forecast period. Shortage
of power and energy has become more prevalent with urbanization,
therefore end-users, especially residential and commercial users,
are rapidly adopting portable generators to ensure uninterrupted
supply of electric power.”
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The top three emerging market trends driving the global
portable generator market according to Technavio research
analysts are:
- Stringent emission regulations for
diesel engines
- Growing popularity of gas
generators
- Bi-fuel portable generators
Stringent emission regulations for diesel engines
The US Environmental Protection Agency (EPA) is implementing
cleaner standards and regulations primarily for diesel fuel-powered
engines. These norms form the basis for EPA's diesel control
program. These rules emphasize the use of fuels like low sulfur and
ultra-low sulfur diesel fuel to improve engine efficiency.
These stringent norms have encouraged generator manufacturers to
shift their focus on developing gas generators. Gas generators are
more environment-friendly, as they are compliant with all emission
standards and emit very less amount of pollutants compared with
diesel generators. Moreover, gas generators operate silently,
reducing noise pollution to a great extent. These factors have
encouraged the adoption and use of gas generators, especially in
the residential sector.
Growing popularity of gas generators
Diesel generators create a lot of noise pollution during their
operation, and are thus not recommended for many residential,
commercial, and industrial applications. Hence, several large
end-users have started adopting gas generators, leading to a surge
in the production of gas-powered generators, mostly due to
technologies such as drilling and fracking. Instead of investing in
diesel generators, end-users are slowly opting for these type of
generators, as they help end-users by avoiding the hassle of
refilling fuel in the generator during a power outage.
Bi-fuel portable generators
Generator manufacturers have been focusing on various
technological developments in generators that helped them develop
bi-fuel portable generators. Bi-fuel technology is not restricted
to only portable generators. Nevertheless, this technology, when
incorporated into the portable units, provides significant fuel
savings and environmental benefits. For instance, DuroMax and
Champion design and manufacture bi-fuel portable
generators.
“Bi-fuel technology in portable generators
comes inside a compact enclosure that offers excellent protection
from harsh operating environments. At the same time, it also helps
in safe operation near a hot engine. This technology also gives the
end-user the flexibility to choose the fuel type based on its
availability,” says Gaurav.
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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