Portable Generator Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

The Global Portable Generator Market is predicted to proliferate during the forecast period. The market for portable generators is being driven by elements including the rising demand for electricity, the unreliable grid infrastructure, the desire for solutions for emergency backup power, and the requirement for a consistent supply of electricity. In addition, severe weather conditions including torrential rain, heat waves, storms, hurricanes, and fog disrupt normal power supply, necessitating the use of backup power sources in several industries. RVs, tailgating, and camping make use of portable generators. The demand for portable generators has increased because of characteristics like a lengthy run duration and an effective fuel capacity.

In situations where electricity is not accessible, the portable generator supplies power temporarily. An electrical generator that normally runs on gas or diesel and measures power in hours rather than days is referred to as a portable generator. With the help of a gas-powered engine that spins an internal alternator to produce electricity, portable generators produce electricity. In all job sites and recreational locations, these generators are frequently used to supply short-term, portable electric power.

Conventional and inverter portable generators are the two primary product categories for portable generators. The speed of an inverter portable generator varies according to the amount of power needed to complete a task; the more power needed, the faster the engine operates, which increases fuel efficiency. Also, some of these generators have fixed speed set points, which aids in reducing the frequency with which loads change when minor loads come on and off. Diesel, gas, and other fuels are used to power portable generators, which are utilized by consumers in the residential, commercial, and industrial sectors.

Government Initiatives Boost the Market of Portable Generator

The government's measures to encourage the development and upkeep of a strong energy infrastructure are anticipated to increase demand for power generation systems, which would, in turn, constrain the market for generators over the projected period. For instance, the U.S. Department of Agriculture stated in September 2021 that it will invest USD 464 million to create or upgrade renewable energy infrastructure to serve rural areas. Additionally, according to the Ministry of New and Renewable Energy, the Indian government launched the "National Program on High-Efficiency Solar PV Modules" Production Linked Incentive Scheme in April 2021 with a budget of Rs. 4,500 crores to aid and promote the production of high-efficiency solar PV modules across the country. . Governments in both developed and developing nations are concentrating on constructing and maintaining reliable energy infrastructure, which is anticipated to restrain the expansion of the market for generator manufacturing.

Additionally, in the Asia Pacific region, the nation of India, where the Union Government has increased capital expenditure on infrastructure investment by 33%, or Rs 10 lakh crore for 2023–24, which is 3.3% of GDP, is anticipated to significantly boost the market for infrastructure and rise the demand for generators in construction sites to provide the continuous supply of electricity. Additionally, there are numerous upcoming megaprojects in the Middle East, including those in Saudi Arabia, the United Arab Emirates, and Qatar, including the AIUIA project, Neom, Amaala Project, Diriyah Gate, Aseer Development Project, Jawharat Jeddah, Dubai Creek Tower, The Heart of Europe, Meydan One, and Deira Islands, where continuous electricity is required. Therefore, the demand of portable generator is expected to rise in the forecast period 2024-2028F.

The market for generator manufacturing is anticipated to expand throughout the course of the projected period because of rising demand from various industries, including mining, oil and gas, and pharmaceuticals. In many industrial processes, generators are employed as a backup power source. where there is no grid infrastructure, generators are the only way to get electricity. For instance, most mining sites are situated in distant areas, they need generators to provide them with the daily electricity they need. For instance, a CAGR of 4.63% is predicted for the Indian mining industry, which is projected to reach USD 126 billion in 2022. Industrial activity is rising because of economic development in emerging nations, and this will ultimately increase the need for generators throughout the projection period. The union government has introduced several programs, including Housing for All, Pradhan Mantri Awes Yojana, Make in India, and Pradhan Mantri Gati Shakti Master Plan, among others, with an emphasis on the infrastructure sector in both urban and rural areas.

The Ministry of Road Transport and Highways of India (MoRTH) announced an investment for infrastructure projects totaling USD 92.4 billion in December 2021. The government's aim to greatly enhance the supply of affordable housing units for low- and middle-income cohorts under the "Housing for Everyone" program by 2022 is expected to assist the industry's expansion.

Growth in Demand for Natural Fuel Sources

With the development of strict environmental regulations to regulate the embosom of dangerous gases from diesel generators in developed regions including North America, Europe, and certain parts of Asia-Pacific, natural gas-fueled generators are gaining popularity. Also, many emerging countries, such as India, Singapore, and Russia, employ natural energy sources in generators, creating a favorable environment for the expansion of the portable generators market.

Rise in Awareness

The popularity of portable generators grows among end users, including homeowners, event planners, outside service providers, and others. People need energy backup during power outages, handy power storages for camping, and extended outdoor activities in far-off locations, which is increasing demand for portable generators. With their extensive product categories, several major market participants promote commercial events.

Recent Developments:

Oct. 28, 2021 - The Guardian 26kW Home Standby Generator, one of the most potent air-cooled home standby generator was introduced by Generac Power Systems, Inc. In comparison to competing with home standby generators, the Guardian 26kW generator offers thousands of dollars in cost savings on installation and purchase while producing a peak power output of 26 kilowatts.

Jan. 10, 2022 - To comply with the Portable Generator Manufacturers' Association's (PGMA®) ANSI/PGMA G300-2018 carbon monoxide emissions standard, Yamaha Motor Company, USA, upgraded its whole line of inverter and conventional generators with Carbon Monoxide (CO) Sensor technology.

June 01, 2021 - Deep-Sea Electronics Ltd, a prominent global designer and manufacturer of sophisticated controls, has been acquired by Generac Holdings Inc, one of the world's top designers and producers of energy technology solutions and other power products.

TOKYO, Jan 18, 2022 - Honda announced the launch of the EU32i portable generator, which features a newly created dedicated engine and a 3.2kVA maximum output. The EU32i portable generator from Honda features an integrated 4-stroke engine with exceptional efficiency. The engines are designed to run on ordinary unleaded petrol with no more than 10% ethanol.

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Market Segmentation

The Global Portable Generator Market is divided into power rating, fuel type, application and end use. Based on power rating, the market is segmented into below 5kW, 5kW-10kW, and above 10kW. Based on fuel type, the market is segmented into gasoline, diesel, natural gas, and other. Based on application, the market is segmented into temporary and primary. Based on end use, the market is segmented into residential, commercial and industrial. The market analysis studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Cummins Inc, Generac Power Systems Inc, Kohler Co, Wacker Neuson SE, Briggs & Stratton LLC, Caterpillar Inc, Honda Motor Co, Yamaha Motor Co Ltd, Atlas Copco Polska Sp. z o. o, Honeywell international Inc are among the major players that are driving the growth of the Global Portable Generator Market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Power Rating Fuel Type Application End Use Region
Regional Scope	Asia-Pacific, North America, Europe, Middle East & Africa and South America.
Key Companies Profiled	Cummins Inc, Generac Power Systems Inc, Kohler Co, Wacker Neuson SE, Briggs & Stratton LLC, Caterpillar Inc, Honda Motor Co, Yamaha Motor Co Ltd, Atlas Copco Polska Sp. z o. o, Honeywell international Inc
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global portable generator market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Portable Generator Market, By Power Rating:

Below 5kW
5kW-10kW
Above 10kW

Portable Generator Market, By Fuel Type:

Gasoline
Diesel
Natural Gas
Others

Portable Generator Market, By Application:

Temporary
Primary

Portable Generator Market, By End Use:

Residential
Commercial
Industrial

Portable Generator Market, By Region:

Asia-Pacific

China
Japan
India
Australia
South Korea

North America

United States
Canada
Mexico

Europe

United Kingdom
Germany
France
Spain
Italy

Middle East & Africa

Israel
Turkey
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Portable Generator market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Portable Generator Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Key Factors for Selecting Vendor

4.3. Key Satisfaction Level

4.4. Key Challenges Faced

5. Global Portable Generator Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Power Ratings (Below 5kW, 5kW-10kW, and Above 10kW)

5.2.2. By Fuel Type (Gasoline, Diesel, Natural Gas, and Other)

5.2.3. By Application (Temporary and Primary)

5.2.4. By End Use (Residential, Commercial, and Industrial)

5.2.5. By Region (Asia-Pacific, North America, Europe, Middle East & Africa, and South America)

5.2.6. By Company

5.3. Market Map

6. Asia-Pacific Portable Generator Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Power Ratings

6.2.2. By Fuel Type

6.2.3. By Application

6.2.4. By End Use

6.2.5. By Country

6.3. Asia-Pacific: Country Analysis

6.3.1. China Portable Generator Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Power Ratings

6.3.1.2.2. By Fuel Type

6.3.1.2.3. By Application

6.3.1.2.4. By End Use

6.3.2. Japan Portable Generator Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Power Ratings

6.3.2.2.2. By Fuel Type

6.3.2.2.3. By Application

6.3.2.2.4. By End Use

6.3.3. South Korea Portable Generator Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Power Ratings

6.3.3.2.2. By Fuel Type

6.3.3.2.3. By Application

6.3.3.2.4. By End Use

6.3.4. India Portable Generator Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Power Ratings

6.3.4.2.2. By Fuel Type

6.3.4.2.3. By Application

6.3.4.2.4. By End Use

6.3.5. Australia Portable Generator Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Power Ratings

6.3.5.2.2. By Fuel Type

6.3.5.2.3. By Application

6.3.5.2.4. By End Use

7. North America Portable Generator Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Power Ratings

7.2.2. By Fuel Type

7.2.3. By Application

7.2.4. By End Use

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Portable Generator Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Power Ratings

7.3.1.2.2. By Fuel Type

7.3.1.2.3. By Application

7.3.1.2.4. By End Use

7.3.2. Canada Portable Generator Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Power Ratings

7.3.2.2.2. By Fuel Type

7.3.2.2.3. By Application

7.3.2.2.4. By End Use

7.3.3. Mexico Portable Generator Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Power Ratings

7.3.3.2.2. By Fuel Type

7.3.3.2.3. By Application

7.3.3.2.4. By End Use

8. Europe Portable Generator Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Power Ratings

8.2.2. By Fuel Type

8.2.3. By Application

8.2.4. By End Use

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Portable Generator Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Power Ratings

8.3.1.2.2. By Fuel Type

8.3.1.2.3. By Application

8.3.1.2.4. By End Use

8.3.2. United Kingdom Portable Generator Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Power Ratings

8.3.2.2.2. By Fuel Type

8.3.2.2.3. By Application

8.3.2.2.4. By End Use

8.3.3. France Portable Generator Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Power Ratings

8.3.3.2.2. By Fuel Type

8.3.3.2.3. By Application

8.3.3.2.4. By End Use

8.3.4. Italy Portable Generator Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Power Ratings

8.3.4.2.2. By Fuel Type

8.3.4.2.3. By Application

8.3.4.2.4. By End Use

8.3.5. Spain Portable Generator Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Power Ratings

8.3.5.2.2. By Fuel Type

8.3.5.2.3. By Application

8.3.5.2.4. By End Use

9. Middle East & Africa Portable Generator Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Power Ratings

9.2.2. By Fuel Type

9.2.3. By Application

9.2.4. By End Use

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Israel Portable Generator Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Power Ratings

9.3.1.2.2. By Fuel Type

9.3.1.2.3. By Application

9.3.1.2.4. By End Use

9.3.2. Turkey Portable Generator Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Power Ratings

9.3.2.2.2. By Fuel Type

9.3.2.2.3. By Application

9.3.2.2.4. By End Use

9.3.3. UAE Portable Generator Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Power Ratings

9.3.3.2.2. By Fuel Type

9.3.3.2.3. By Application

9.3.3.2.4. By End Use

9.3.4. Saudi Arabia Portable Generator Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Power Ratings

9.3.4.2.2. By Fuel Type

9.3.4.2.3. By Application

9.3.4.2.4. By End Use

10. South America Portable Generator Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Power Ratings

10.2.2. By Fuel Type

10.2.3. By Application

10.2.4. By End Use

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Portable Generator Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Power Ratings

10.3.1.2.2. By Fuel Type

10.3.1.2.3. By Application

10.3.1.2.4. By End Use

10.3.2. Argentina Portable Generator Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Power Ratings

10.3.2.2.2. By Fuel Type

10.3.2.2.3. By Application

10.3.2.2.4. By End Use

10.3.3. Colombia Portable Generator Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Power Ratings

10.3.3.2.2. By Fuel Type

10.3.3.2.3. By Application

10.3.3.2.4. By End Use

11. Market Dynamics

11.1. Drivers

11.1.1. Increasing demand for power

11.1.2. Lack of reliable grid infrastructure

11.1.3. Need for emergency backup power solutions.

11.1.4. Demand for steady power supply

11.2. Challenges

11.2.1. Smaller wattage of the portable generator, it does have limited usage.

11.2.2. Stringent government policies

12. Market Trends & Developments

13. Company Profiles

13.1. Cummins Inc

13.1.1. Business Overview

13.1.2. Key Revenue (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Service Offered

13.2. Generac Power Systems Inc

13.2.1. Business Overview

13.2.2. Key Revenue (If Available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Service Offered

13.3. Kohler Co

13.3.1. Business Overview

13.3.2. Key Revenue (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Service Offered

13.4. Wacker Neuson SE

13.4.1. Business Overview

13.4.2. Key Revenue (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Service Offered

13.5. Briggs & Stratton LLC

13.5.1. Business Overview

13.5.2. Key Revenue (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Service Offered

13.6. Caterpillar Inc

13.6.1. Business Overview

13.6.2. Key Revenue (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Service Offered

13.7. Honda Motor Co

13.7.1. Business Overview

13.7.2. Key Revenue (If Available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Service Offered

13.8. Yamaha Motor Co Ltd

13.8.1. Business Overview

13.8.2. Key Revenue (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Service Offered

13.9. Atlas Copco Polska Sp. z o. o

13.9.1. Business Overview

13.9.2. Key Revenue (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Service Offered

13.10. Honeywell international Inc

13.10.1. Business Overview

13.10.2. Key Revenue (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Service Offered

14. Strategic Recommendations

14.1. Fastest Growing Market by Application

14.2. Dominating Market by Vertical

14.3. Dominating Market by Region & Country

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Who are the key players in the Global Portable Generator Market?

Key players in the market are Cummins Inc, Generac Power Systems Inc, Kohler Co, Wacker Neuson SE, Briggs & Stratton LLC, Caterpillar Inc, Honda Motor Co, Yamaha Motor Co Ltd, Atlas Copco Polska Sp. z o. o, Honeywell international Inc.

Which is the dominant segment in the Global Portable Generator Market by fuel type?

The gasoline fuel type is expected to have the largest market share and register a significant CAGR during 2024-2028F. Gasoline portable generators are substantially less expensive when used to power portable generators for a shorter period due to the widespread availability of fuel stations, which is projected to increase demand. Moreover, growing concerns about diesel maintenance and refueling issues, declining natural gas fuel prices, greater knowledge of natural gas as a reliable and clean fuel, and a general desire to be more environmentally conscious have all influenced demand for gas generators.

What is the major driver of the Global Portable Generator Market?

Increasing demand for power, lack of reliable grid infrastructure, need for emergency backup power solutions, demand for steady power supply are the major drivers of the global portable generator market.

What is the challenge faced by the Global Portable Generator Market?

Smaller wattage of the portable generator and stringent government policies are the major challenge of the Global Portable Generator Market.

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Press Release

Portable Generator Market to be Dominated by Industrial Segment Through 2028

Jun, 2023

Rising demand for uninterrupted & reliable power supply and lack of reliable grid infrastructure are driving the portable generator market across the globe.

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