India Portable Generator Market
India Portable Generator Market was valued at US$ 92Mn in 2018 and is expected to reach US$ 137 Mn by 2026, at a CAGR of 4.52% during a forecast period.
Based on fuel type, less than 5kW portable generators segment is expected to hold the largest share of the market during the forecast period due to growth in awareness of in-house power backup and increase in need for portable generators in outdoor recreational activity. On the basis of the end user, industrial segment is estimated to hold the largest share of the market during the forecast period as rising need for higher power supply in the industry to run machines and industrial tools. In terms of fuel type, natural gas is expected to grow at highest CAGR due to rising environmental regulations and increasing preference to the natural gas.Portable generators act as a standby power source during power outages. The generator helps to keep lights and appliances running until services are restored. Portable generators have features such as high power quality, less noisy in operation, compliance with emissions regulations, cost-effectiveness, smooth and effective supply of electrical signals, and smaller in size are propelling the market growth. Major driving factors of the market are increasing demand for uninterrupted and reliable power supply, increasing industrialization, growing urbanization, and rising economy.Portable generator designers & manufacturers are willing to develop highly efficient and environmentally friendly systems is also another factor for driving market growth positively. The middle-class population is increasing in India and income of middle-class population is increased is growing the market of the portable generator as it affordable to the middle-class consumer’s.North India is expected to hold the largest share of the market in forecast period as rising demand for portable generators due to higher power outages and increasing implementation of housing projects.The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.Key player’s studies, analyzed, profiled and benchmarked in India Portable Generator Market areHonda Siel Power Products Limited, Kirloskar Oil Engines Ltd. (KOEL), Mahindra Powerol Limited, Kohler Power India Private Limited, Greaves Cotton Limited, Atlas Copco (India) Limited, Himalayan Power Machine Manufacturing Co., Skyline Power Solutions Private Limited, Perfect House Private Limited, and Gastech Electronic Products Private Limited.
