Global Portable Generator Market Outlook to 2028

Global Portable Generator Market Outlook to 2028

Market overview

The growing need for stable and continuous power supply from commercial, residential, and sectors such as construction, power generation, oil and gas, agriculture, and healthcare is driving the portable generator market.

Demand for low-cost emergency power backup systems, favorable government policies, aging grid infrastructure, and rising demand for portable generators in developing economies such as India, China, and Brazil are the primary driving factors in the market.

A portable generator generates energy by operating a gas/diesel-powered engine, rotating an onboard alternator to create power. A portable generator comprises an internal combustion engine, alternator, starter, fuel tank, and an outlet, all mounted on a metal frame.

Unlike standby generator systems, portable generators are not permanently fixed and may be readily transported from one location to another.

The convenience of having a portable generator includes having an emergency standby power at all times and can be used to power appliances and tools during routine power outages.

Portable generators are extensively used for tailgating, outdoor and recreational activities such as camping, boating, and hiking.

Construction sites are also one of the most popular places where portable generators are used. The sites are spread across a vast region, making drawing electricity from a big central generator challenging. Portable generators are used in power tools to offer maximum output while using the least amount of fuel.

The use of modern portable diesel generators is increasing. These generators are intended to monitor electric current continually, and they automatically start when there is a power outage and shut down when the service is restored.

The natural gas-based portable generator market is expected to grow higher because it is more cost-effective. While not entirely renewable, natural gas is one of the cleanest burning fossil fuels and less expensive.

Market developments and trends

Portable generators in Asia, Australia, and Europe are in demand due to increasing usage in the residential sector operations during power outages, construction markets, standby power requirements, and recreational purposes.

USA sees a steady growth in portable generator usage in the residential sector due to increasing weather-related power outages due to natural calamities, stringent emission standards, and environmental advantages.

The growing need for generators that can meet the need for dependable and consistent energy supply while also being transportable drives the portable generators industry.

The new "Home as a Sanctuary" mega-trend resulted in the rise in demand for residential generators. Demand and production for home standby generators have been ramped up, and capacity for these items is anticipated to grow further in 2021.

Residential construction activities are increasing in developing countries like China and India, which will lead to the high demand for portable generators.

The growing popularity of the food truck sector is boosting the demand for efficient portable generators.

Generac acquired Deep Sea Electronics, an advanced controls manufacturer and designer, in June 2021. Deep Sea Electronics' expertise will complement Generac's focus on power production. It will assist drive entrance into microgrid applications, a market that the Company thinks will be an essential component of the future power grid.

Atlas Copco signed MoU with China Kuantan Energy to develop solar opportunities in China.

Atlas Copco's Joint venture with Zhejiang Energy Group to Partner on Global Maritime and Power Opportunities – by expanding Atlas Copco offerings to more significant and long-term power projects where ZE has credible ample power generating utility companies.

Opportunities

The customers favor innovations and technological developments, such as inverter generators and hybrid fuel options in the residential sector. Hybrid fuel portable generators combine generators with a battery and are mainly used in residential sectors, improving the reliability of standby power. The inverter generator combines the efficiency of DC power generation with a controlled DC to AC inverter to provide clean electrical power. Since clean energy and power trends are rising, it’ll provide an opportunity for the manufacturers to deliver inverter and hybrid fuel options generators to meet the demand.

Disposable incomes are growing in Canada and the United States, leading to building many commercial and residential areas. Manufacturers can tap into these areas projected to install many generators for backup and prime power supply throughout their development and leasing.

Increase in demand from customers to have access to the wireless control technology to operate portable generator sets via a mobile app. An app can be built to use within Bluetooth range that allows the wireless control for manual, automatic, or voice activation to get maintenance reminders, start the generator set, and monitor the weather. This technology can be incorporated while manufacturing portable generator sets.

Increasing recreational activities is set to boost the demand for portable generators.

Customers' preference for a parallel capacity in portable generators is increasing. Manufacturers can provide a specified parallel outlet that can connect to another generator to give increased capacity and provide a vital power source.

Blackridge Research's Portable Generator Market report provides insights into the current global and regional market demand environment and prognosis.

The study offers a thorough examination of the many factors that impact the portable generator market growth. The study also comprehensively analyses the portable generator market by segmenting it based on geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America) and end-user (Industrial, Commercial, Residential).

The report also discusses current and future market possibilities, market trends, advancements, and the effect of Covid-19 on the portable generator market, essential developments, regions, and segments poised for the fastest-growth, competitive landscape. Further, the portable generator market size, and demand forecast, growth rates will also be provided in the report.
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