Portable Generator Market, By Fuel Type (Gasoline/Petrol-powered, Diesel-powered, Natural Gas/LPG-powered, Solar-powered), By Power Output (0-3 kW, 3-6 kW, 6-9 kW, Above 9 kW), By Application (Residential, Commercial, Industrial, Construction), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Growing demand for uninterrupted and backup power supply during power outages due to rising energy needs can drive the market growth. Increasing construction of commercial and residential infrastructure coupled with rising industrialization in emerging nations can also drive the market growth. In the construction sector, portable generators are used to power various equipment and tools during ongoing work activities. These provide efficient power backups and are easy to carry, fuel efficient and low on maintenance. However, high initial costs and strict emission regulations for generators in several countries can hamper the market growth over the forecast period.
Market Dynamics:
Global portable generator market growth is driven by mounting power outages, increasing demand in construction sector and rising outdoor recreational activities. Frequent power failures due to outdated grid infrastructure, natural calamities, and planned blackouts during peak summer and winter seasons have boosted demand for reliable portable generators. Companies are launching advanced fuel efficient and low emission generators equipped with Bluetooth connectivity and smartphone controls. However, strict emission norms for generators imposed by environmental agencies like EPA can hamper the market growth. Ongoing development of microgrids and smart grids can offer opportunities for portable solar and gas-powered generators. Leading players are investing in R&D to develop modular, fuel cell powered generators gaining traction among commercial users.
Key features of the study:
This report provides in-depth analysis of the global portable generator market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global portable generator market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Atlas Copco, Champion Power Equipment, Cummins, Duromax Power Equipment, Firman Power Equipment, Generac, Honda, Kohler, Lifan Industry (Group), Mi-T-M, Multiquip, Pramac, Pulsar Products, Subaru, Yamaha
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global portable generator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global portable generator market
Detailed Segmentation-
Fuel Type Insights (Revenue, USD Bn, 2019 - 2031)
Gasoline/Petrol-powered
Diesel-powered
Natural Gas/LPG-powered
Solar-powered
Power Output Insights (Revenue, USD Bn, 2019 - 2031)