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 Frequent power failures due to outdated grid infrastructure, natural calamities, and planned blackouts during peak summer and winter seasons have boosted demand for reliable portable generators.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.
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