Portable Generator Market Size, Share, Trends, Growth and Forecast 2032

Portable Generator Market Insights

As per the published report by Market Research Store, the global Portable Generator Market size was estimated at USD 4.39 Billion in 2023 and is anticipated to reach USD 7.23 Billion by 2032, growing at a projected CAGR of 5.7%. The report provides a detailed analysis of the global market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

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Global Portable Generator Market: Overview

A portable generator is a device powered by diesel or gas and provides electrical power temporarily. They provide electricity by running a gas-powered engine that turns an onboard alternator for generating electrical power. These generators are not installed permanently, can be moved anywhere at any place, and are manually started. The power outlets on the unit enable the user to plug appliances, electric-powered tools, and extension cords into it.

Global Portable Generator Market: Growth Factors

The global portable generator market is growing at an enormous rate. The rise in frequency of power outages due to extreme weather conditions, increase in adoption of portable generators on construction sites, and rapidly expanding mining sector are some of the essential factors that are escalating the growth of the global market. Using portable generators offers several benefits which include powering essential services & businesses, preservation of food at home & small shops during blackouts, powering tools, and easy & safe to use. These generators are also ideal for recreational uses such as at barbecues, camping, and other events such as fairs, parades, and marathons. Additionally, portable generators can also be used for charging electric cars during extended blackouts.

Further, for people running a home business, a simple power outage can shut down the work completely. In such cases, portable generators support the internet, printers, computers/laptops, and Wi-Fi running. All this wide range of applications has surged the demand for portable generators thereby contributing to the growth of the global portable generator market. Moreover, factors such as the dearth of reliable grid infrastructure, the growing necessity of emergency backup power solutions, and growing demand from commercial & industrial sectors are fueling the growth of the global market. Furthermore, advancements in the development of portable generators including inverter and dual fuel portable generators may have numerous opportunities for the growth of the global portable generator market during the forecast period. However, the limited power generation capacity of the portable generators and the availability of other cleaner sources of standby power may hinder the growth of the global portable generator market.

The current onset of COVID-19 pandemic conditions has affected many businesses around the world. The effect of the COVID-19 pandemic can also be seen on the portable generator market. The slow growth of the market in this pandemic period is mainly attributed to strict lockdowns imposed by several governments around the word, halt on manufacturing activities, and disruption of distributors’ network. These factors affected the demand for portable generators in various end-users around the world. However, the growing demand for portable generators in small- and large-scale industries is expected to trigger market growth over the forecast period.

Global Portable Generator Market: Segmentation

The global portable generator market is bifurcated based on fuel type, power rating, end-user, and region.

Based on fuel type, the global portable generator market is categorized into diesel, gasoline, natural gas, and other fuel types.

The power rating segment is split into below 5 kW, 5–10 kW, and 10–20 kW.

Based on end-user, the market is bifurcated into industrial, commercial, and residential.

Portable Generator Market: Report Scope

Global Portable Generator Market: Regional Analysis

North America is expected to hold a dominant share in the global portable generator market. The United States and Canada is the major revenue contributor in the region as well as globally due to the high electricity demand. North America is the largest electricity producer and the demand for electricity for industrial & residential purposes is always high, which is one of the major factors that are contributing to the growth of the market. Also, the high cost of electricity in the peak period is expected to drive the demand for portable generators in this region over the forecast period. On the other hand, for portable generators, Asia Pacific region is projected to be the fastest-growing market. Some of the prime factors that are contributing to the growth of the market include rapidly growing industrialization, growing demand for alternate power solutions, the growing buying power of customers, and high demand for portable electricity generators in a large number of festivals and functions in the region.

Global Portable Generator Market: Competitive Players

The global portable generator market is highly competitive. Major players in the market are focusing on innovation and development of cost-effective products. Some of the key players in the market include

• Honda
• Atlas Copco
• Yamaha
• riggs & Stratton
• Eaton, Generac
• Siemens
• Caterpillar
• Cummins
• Honeywell
• Kohler
• Duromax
• Wacker Neuson
• Kubota
• Himoinsa
• Loncin
• Champion
• and others.

The global Portable Generator Market is segmented as follows:  
 
By Fuel type 

• diesel
• gasoline
• natural gas, and other 
• fuel types 

By Power rating 

• below 5 kW
• 5–10 kW
• 10–20 kW

By End-user 

• industrial
• commercial 
• residential

Global Portable Generator Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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