Research and Markets have announced the addition of the "Global Portable Gas Generator Market 2015-2019" report to their offering. Portable hybrid generators, operating both on gas and diesel, are gradually gaining momentum in the market. These generators offer flexibility in terms of fuel selection and cost and fuel efficiency than conventional generators. They have low emission levels of nitrogen oxide, carbon monoxide, and hydrocarbons, compared to diesel generators. The advantages of portable hybrid generators augur well for market growth.
The analysts forecast the global portable gas generator market to grow at a CAGR of 7.91% during 2014 - 2019.
According to the report, rapid globalisation and urbanisation has led to a rise in use of refrigerators, heating equipment, air conditioners, communication equipment, and PCs among residential users. It has also increased the importance of electricity in the residential sector in the past two decades. Regular disruptions in electricity supply can affect day to day activities of many residential and home based business consumers. Consumers are thus increasingly opting for portable generators, especially portable gas generators over standby generators, to obtain continuous power supply and enhance their safety, mobility, comfort, and everyday operations.
Further, the report states that the stationary generators pose a serious threat to the growth of the portable gas generator market, as they can be directly connected to the grid system, and do not require plugging of different appliances during power outages.
You can read the full report here.
Adapted from press release Francesca Brindle