Increasing adoption of dual fuel and inverter portable generators are expected to offer lucrative opportunities for the portable generator market during the forecast period.
However, the average load factor cannot exceed 70% of the prime rating, whereas the average output of a continuous power genset is 70-100% of the rating and is designed to provide 100% power for every operating hour during the year.
Gasoline portable generators have a major advantage as gasoline fuel stations are available everywhere and are comparatively less expensive if used for running portable generators for a shorter period of time, which is likely to increase their demand in the portable generator market globally.
According to the Asian Development Bank , the region’s share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010.
In India, Government initiatives such as foreign direct investments in many sectors and the Make in India project are expected to create growth opportunities for the industrial sector.