Portable Generator Market Growth Expected
Portable generator growth trends and forecast analyzed by power rating, fuel type, end user and geography.
Portable Generator Market Expecting Continued Growth
Portable generator demand around the world continues to be driven by an increase in power outages. A portable generator is typically a trailerized or self contained smaller generator set that can be moved from jobsite to jobsite. They are primarily attached to a truck by ball and hitch, ring and pintle, or 5th wheel connections, and some are framed or on wheel racks. These generators come in a variety of sizes but mostly power smaller to medium load equipment. Portable generators are a part of the global temporary power market.
A recent report published by Research and Markets on the Global Portable Generator Market shows growth in this market is expected to continue. The report itself breaks down segments by Power Rating, Fuel Type, End-use and Geography and includes growth, trends, and forecasts for (2018 - 2023). These reports look positive, but they do come with a substantial price tag. For more information, visit the Portable Generator Market Report
The following market segments are included in this report:
- Fuel Type - Diesel, Gasoline, Natural Gas and other fuels
- Generator Rating - Less than 5 kW, 4 -10 kW and Above 10 kW
- End User - Residential, Commercial and Industrial
- Region - North America, Europe, Asia-Pacific, South America and Middle East/Africa
Summary and Regional Breakdowns
Portable generators are most widely used in small to medium load applications. However, large multi-megawatt units are also available. Industrial and commercial infrastructure development are contributors driving portable generator demand. Old electrical infrastructure coupled with catastrophic weather conditions add to the need for reliable power.
The report states that in "North America, the outages caused due to extreme weather is likely to rise as climate change increases the intensity and frequency of blizzards, hurricanes, floods, and other adverse weather conditions." Asia-Pacific is expected to lead the market in portable generator purchases. China and India are leaders because of infrastructure and industrial growth. Population is expected to increase by 70% from 2000 to 2030. All of the factors contributes to the demand for more electricity. The increased demand is expected to positively impact the portable generator market in the region.
United Rentals Reports Strong Growth in Portable Power Division
When analyzing various markets and opportunties surrounding portable power, you can also keep an eye on some of the larger equipment rental companies that are publicly traded and regularly post information. United Rentals is the leading rental equipment provider in North America. They have been on an aquistion spree lately, gobbling up some of the larger competitors in varoius markets around the U.S. and Canada. A recent report on their 2018 third quarter earnings showed a 39.5% increase year over year in their Trench, Power and Fluid Solutions Revenue. View the report from RER here
Portable Generator Availability
Generator Source has been in the generator business for over 35 years. Our inventory includes Portable Generators
and we also provide rentals on a select basis. All the generators in inventory are located at our facility in Brighton, Colorado. Many times. we ship generators 24 hours after completion of the order. Our skilled technical staff can upgrade or modify your generator to meet needed operational criteria. We have upgraded generators to work in extreme weather and operating climates. Contact Us
with any generator questions.
Diesel Blog Team
| 10/22/2018 11:05:07 AM
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