Global Portable Generator Market Report and Forecast 2023-2028

Global Portable Generator Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global portable generator market reached a value of USD 2.65 billion in 2022. Aided by the burgeoning need for standby power solutions and the versatile applications of portable generators across various sectors, the market is projected to further grow at a CAGR of 5.40% between 2023 and 2028 to reach a value of USD 3.64 billion by 2028.

Portable generators are compact, movable devices that supply electrical power. They are often used as temporary power sources in regions where electricity is unavailable or in situations of power outages. These generators work on fuels like diesel, gasoline, or propane and are vital during emergencies, outdoor events, or in remote locations. They play a crucial role in ensuring the uninterrupted operations of appliances, tools, and other electrical devices. Besides the primary power generation utility, portable generators also offer benefits such as flexibility, fuel-efficiency, and affordability, making them indispensable in residential, commercial, and industrial applications.

The escalating reliance on electronic devices and appliances is steering the global portable generator market growth. With society's increasing digitalisation, there's a rising necessity for continuous power. This necessitates the need for backup solutions like portable generators. Additionally, occurrences of unexpected power outages due to natural disasters or system failures further drive the demand for these generators.

Moreover, the diverse applications of portable generators in various sectors significantly contribute to portable generator market demand. In the construction industry, for instance, they are vital for powering tools and machinery in off-grid locations. For outdoor recreational activities such as camping or tailgating, portable generators ensure a reliable power source. Even in the entertainment sector, they are essential for events like concerts, ensuring that shows go on despite any power hitches.

With advancements in technology, modern portable generators are becoming more eco-friendly, emitting fewer greenhouse gases. This shift towards sustainable models, combined with their compact size and convenience, is making them more attractive to environmentally conscious consumers. Such developments are increasing the portable generator market size.

Furthermore, the rising infrastructural developments and increasing outdoor events and recreational activities worldwide have led to a more profound emphasis on portable generators. As urbanisation surges and more construction sites emerge, the need for portable power solutions in these remote or newly developed areas becomes paramount. Similarly, with the boom in the events industry and an uptick in outdoor recreational activities, there is a parallel surge in demand for reliable, mobile power sources, buttressing the portable generator market growth.

In addition, innovations and advancements in portable generator designs, emphasising factors such as reduced noise, lightweight nature, and better fuel efficiency, are anticipated to present new growth avenues for market players. Companies are now investing in research and development to meet these evolving consumer needs, ensuring that the generators are not only powerful but also user-friendly and eco-friendly.

Market Segmentation

The market can be divided based on fuel type, power output, application, and region.

Market Breakup by Fuel Type

• Portable Diesel Generators
• Portable Gas Generators
• Others

Market Breakup by Power Output

• Less than 3 kW
• 3-10 kW
• More than 10 kW

Market Breakup by Application

• Residential
• Commercial
• Industrial
• Infrastructure

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global portable generator market. Some of the major players explored in the report by Expert Market Research are as follows:

• Briggs and Stratton Corporation.
• Cummins Inc.
• Honda Motor Co., Ltd.
• Eaton Corporation
• Generac Holdings Inc. (Generac Power Systems)
• KOHLER Co.
• Yamaha Motor Co., Ltd.
• KUBOTA Corporation
• Atlas Copco AB
• Caterpillar Inc
• Champion Power Equipment, Inc.
• Wacker Neuson SE
• Pulsar Products, Inc
• DuroMax Power Equipment
• Westinghouse Electric Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.