27-May-2024 | Facts and Factors
According to Facts and Factors, the global portable generator market was valued at USD 4.87 billion in 2023 and is predicted to increase at a CAGR of 5.84% to USD 8.12 billion by 2032. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Although electricity is necessary for a country's economic development, many countries lack suitable grid infrastructure. Insufficient power supply has a substantial impact on small and medium businesses (SMEs) as well as commercial areas. Portable generators not only offer a consistent electric supply in the event of a blackout, but they also help to grow the portable generator market. Chronic outages, insufficient power supply, changing customer demands, and ongoing infrastructure construction will define the global portable generators market trends in the coming years.
Browse the full “Portable Generator Market Size, Share, Growth Analysis Report By Fuel Type (Diesel, Gasoline, Natural Gas, and Others), By Power Output (Less than 5 kW, 5-10 kW, 10-20 kW, more than 20 kW), By Application (Emergency and Prime/Continuous), By End-User (Industrial, Commercial, and Residential), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032" report at https://www.fnfresearch.com/portable-generator-market-report
As cities grow and power system failures become more regular, consumers are turning to portable generators, particularly for residential applications, to assure an uninterrupted electrical supply. However, governments in a number of nations have enacted tight rules as a result of portable generators' negative environmental impact. As a result, manufacturers are introducing generators that emit fewer greenhouse gases. In recent years, electric power consumption has expanded dramatically in industries such as oil and gas, automobiles, aerospace and defense, information technology and telecommunications, and agriculture. On construction sites, portable generators are used to run power tools like paint sprayers, air compressors, drills, and saws while using the least amount of fuel.
Segmental Overview
The power rating category includes power generators with outputs of less than 5 kW, 5 - 10 kW, and 10 - 20 kW. An increase in the use of multipurpose power production systems is likely to boost the growth of the portable generators market. The sector of smaller than 5 kW portable generators is predicted to grow at the highest rate due to increased awareness of in-house power backup and increased demand for portable powering systems in outdoor leisure activities. Portable generators are widely used in the industrial sector due to the need for a greater power supply to run machinery and industrial tools, which is expected to drive the portable generators market.
In most residential regions, power ratings of less than 5 kW are employed. Residential, commercial, and industrial end-users are the three types of end-users. Portable generators, which are commonly utilized in the home sector, are used to power important items such as lights, refrigerators, fans, and other appliances during power outages or poor weather conditions. The residential sector, which accounts for the majority of the global market, is followed by the commercial and industrial sectors. Natural disasters are common in many regions of the world, wreaking havoc on national power grids and infrastructure, as well as producing unpredictable electrical supplies. In such instances, portable generators are commonly employed to supply electricity for rescue efforts. As a result, demand for portable generators has surged across the regions.
Regional Overview
As a result of growing electricity demand and frequent blackouts, the portable generator industry is likely to rise dramatically in the coming years. The portable generator market is expected to be dominated by Asia-Pacific, which will also play a vital role in boosting the residential generator market. The growth is attributable to emerging economies such as China and India, which are substantially investing in the energy and electricity sector. Despite government efforts in grid infrastructure, millions of people in the region still lack electricity, fuelling the portable generator's expansion. North America and Europe, on the other hand, are seeing a steady rise in the number of natural disasters.
Household generators are in high demand in the Middle East and Africa because of the poor grid infrastructure in many African countries. Many Gulf countries use portable generators to supply backup or continuous electricity during public events or natural calamities. Furthermore, this region has a lot of economic development potential, and many international companies are investing in a variety of industries. As a result, portable generators are an excellent option for generating power in rural locations and preventing power outages.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 4.87 Billion |
Projected Market Size in 2032 |
USD 8.12 Billion |
CAGR Growth Rate |
5.84% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
Briggs & Stratton Corporation, Caterpillar Inc., Champion Power Equipment, Cummins Inc., Duromax Power Equipment, Eaton, Generac Power Systems Inc., Honda Siel Power Products Ltd., Honeywell, Kirloskar Oil Engines Ltd., Kohler Co., Kubota, Multiquip Inc., Siemens, WINCO, Yamaha Motor Corporation, and Others. |
Key Segment |
By Fuel Type, By Power Output, By Application, By End-User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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List of Key Players in the Global Portable Generator Market:
- Briggs & Stratton Corporation
- Caterpillar, Inc.
- Champion Power Equipment
- Cummins, Inc.
- Duromax Power Equipment
- Eaton
- Generac Power Systems, Inc.
- Honda Siel Power Products Ltd.
- Honeywell
- Kirloskar Oil Engines Ltd.
- Kohler Co
- Kubota
- Multiquip Inc.
- Siemens
- WINCO
- Yamaha Motor Corporation
The global portable generator market is segmented as follows;
By Fuel Type
- Diesel
- Gasoline
- Natural Gas
- Others
By Power Output
- Less than 5 kW
- 5–10 kW
- 10–20 kW
- More than 20 kW
By Application
- Emergency
- Prime/Continuous
By End-User
- Industrial
- Commercial
- Residential
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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