Growth Factors of Portable Generator Market
The portable generator market size was valued at USD 3.88 billion in 2018, and the market is now projected tgrow USD 8.31 billion in 2032, exhibiting a CAGR of 5.64% during the forecast period of 2019-2032.
The portable generator market experienced a decline earlier in the COVID-19 pan demic because of the shutdown in manufacturing lines and supply chain breakdowns. But the demand was raised due thigher requirements generating power for home offices, healthcare centers, and home usage in the periods of lockdowns. One of the reasons which helped the markets recover was the increasing demand for backup power solutions for essential applications in residential and commercial segments. This was the case as economies started opening with increased construction activities and events that require these portable generators. All in all, the continued resilience of the market can be a strong pointer tthe state of operation post pandemic.
Currently, hundreds of millions of individuals still have nelectricity, mainly owing tlimited grid extension primarily in the emerging nations that may experience population increase and possibly increasing consumption. This is further compounded by suboptimal energy environments in these regions. As a result, portable generators are becoming the ultimate choice for all residential spaces such as housing societies and apartments, offices, shops, and other small-scale industries such as micrenterprises. This trend has effectively affected the portable generator market outlook in a positive way. Therefore, the market is anticipated thave a boost in the number of people in the next couple of years.
Electricity is essential for economic growth of a country however most countries dnot have efficient electrical grid system. This insufficient power supply affects operations for the SMEs and the commerce buildings. The portable gensets provide an independent electricity source, especially during blackouts, hence a constant source. This capability is fueling development of the portable genset market. Therefore, the portable gensets are expected tgive increased demand for the market tgain the growth.
Comprehensive Analysis of Portable Generator Market
The portable generator market growth is rising at an exponential rate due tits market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by fuel analysis, by power rating analysis and by application analysis. By fuel analysis include diesel, gas, and others. By power rating analysis include below 5KVA, 5-15kVA, 15-45kVA and 45-75kVA. By application analysis include residential, commercial and others.
The Asia Pacific region lead the portable generator market share by benefitting a market size of 1.33 billion in 2018 due tinvesting in the energy and power sector.
The top players in the markets have a central responsibility in the power & energy industry tbe sure of industrial prospectus development and testablish the market norms. These players include, Cummins Inc., Caterpillar Inc., Atlas Copco, HIMOINSA, Ingersoll Rand, Kirloskar Electric Co. Ltd, Inmesol S.L.U, Kohler-SDMO, American Honda Motor Company, Inc, Generac Power Systems, FG Wilson, Briggs & Stratton, Aggreko, Manlift Group, Yamaha Motor Corporation, USA, John Deere, Champion Power Equipment, Wacker Neuson, PRAMAC, and WINCO Generators these market players provide a level-playing competitive landscape.
In January 2021, Atlas Copcexpanded its QES portable generator range t500 kVA, allowing continuous operation for up t500 hours in extreme temperatures.
Segmentation Table
SEGMENTATION - DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD Billion)
By Fuel
- Diesel
- Gas
- Others
- Below 5KVA
- 5-15kVA
- 15-45kVA
- 45-75kVA
- Residential
- Commercial
- Others
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Russia, and Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia-Pacific)
- Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
- 5. Global Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Fuel
- 5.2.1. Diesel
- 5.2.2. Gas
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Power Rating
- 5.3.1. Below 5kVA
- 5.3.2. 5-15kVA
- 5.3.3. 15-45kVA
- 5.3.4. 45-75kVA
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Residential
- 5.4.2. Commercial
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East & Africa
- 6. North America Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Fuel
- 6.2.1. Diesel
- 6.2.2. Gas
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Power Rating
- 6.3.1. Below 5kVA
- 6.3.2. 5-15kVA
- 6.3.3. 15-45kVA
- 6.3.4. 45-75kVA
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Residential
- 6.4.2. Commercial
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Latin America Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Fuel
- 7.2.1. Diesel
- 7.2.2. Gas
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Power Rating
- 7.3.1. Below 5kVA
- 7.3.2. 5-15kVA
- 7.3.3. 15-45kVA
- 7.3.4. 45-75kVA
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Residential
- 7.4.2. Commercial
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
- 8. Europe Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Fuel
- 8.2.1. Diesel
- 8.2.2. Gas
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Power Rating
- 8.3.1. Below 5kVA
- 8.3.2. 5-15kVA
- 8.3.3. 15-45kVA
- 8.3.4. 45-75kVA
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Residential
- 8.4.2. Commercial
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. U.K.
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Russia
- 8.5.6. Rest of Europe
- 9. Asia Pacific Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Fuel
- 9.2.1. Diesel
- 9.2.2. Gas
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Power Rating
- 9.3.1. Below 5kVA
- 9.3.2. 5-15kVA
- 9.3.3. 15-45kVA
- 9.3.4. 45-75kVA
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Residential
- 9.4.2. Commercial
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
- 10. Middle East & Africa Portable Generator Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Fuel
- 10.2.1. Diesel
- 10.2.2. Gas
- 10.2.3. Others
- 10.3. Market Analysis, Insights and Forecast – By Power Rating
- 10.3.1. Below 5kVA
- 10.3.2. 5-15kVA
- 10.3.3. 15-45kVA
- 10.3.4. 45-75kVA
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Residential
- 10.4.2. Commercial
- 10.4.3. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Company Profile
- 11.2.1. Cummins Inc.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Overall Revenue
- 11.2.1.4. Geographic Presence
- 11.2.1.5. Recent Development
- 11.2.2. Caterpillar Inc.
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Overall Revenue
- 11.2.2.4. Geographic Presence
- 11.2.2.5. Recent Development
- 11.2.3. Atlas Copco
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Overall Revenue
- 11.2.3.4. Geographic Presence
- 11.2.3.5. Recent Development
- 11.2.4. Himoinsa
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Overall Revenue
- 11.2.4.4. Geographic Presence
- 11.2.4.5. Recent Development
- 11.2.5. Ingersoll Rand
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Overall Revenue
- 11.2.5.4. Geographic Presence
- 11.2.5.5. Recent Development
- 11.2.6. Kirloskar Electric Co. Ltd
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Overall Revenue
- 11.2.6.4. Geographic Presence
- 11.2.6.5. Recent Development
- 11.2.7. Inmesol S.L.U.
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Overall Revenue
- 11.2.7.4. Geographic Presence
- 11.2.7.5. Recent Development
- 11.2.8. Kohler-SDMO
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Overall Revenue
- 11.2.8.4. Geographic Presence
- 11.2.8.5. Recent Development
- 11.2.9. American Honda Motor Company, Inc
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Overall Revenue
- 11.2.9.4. Geographic Presence
- 11.2.9.5. Recent Development
- 11.2.10. Generac Power Systems
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Overall Revenue
- 11.2.10.4. Geographic Presence
- 11.2.10.5. Recent Development
- 11.2.11. FG Wilson
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Overall Revenue
- 11.2.11.4. Geographic Presence
- 11.2.11.5. Recent Development
- 11.2.12. Briggs & Stratton
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Overall Revenue
- 11.2.12.4. Geographic Presence
- 11.2.12.5. Recent Development
- 11.2.13. Aggreko
- 11.2.13.1. Business Overview
- 11.2.13.2. Product & Service Offering
- 11.2.13.3. Overall Revenue
- 11.2.13.4. Geographic Presence
- 11.2.13.5. Recent Development
- 11.2.14. Manlift Group
- 11.2.14.1. Business Overview
- 11.2.14.2. Product & Service Offering
- 11.2.14.3. Overall Revenue
- 11.2.14.4. Geographic Presence
- 11.2.14.5. Recent Development
- 11.2.15. Yamaha Motor Corporation, USA
- 11.2.15.1. Business Overview
- 11.2.15.2. Product & Service Offering
- 11.2.15.3. Overall Revenue
- 11.2.15.4. Geographic Presence
- 11.2.15.5. Recent Development
- 11.2.16. John Deere
- 11.2.16.1. Business Overview
- 11.2.16.2. Product & Service Offering
- 11.2.16.3. Geographic Presence
- 11.2.16.4. Recent Development
- 11.2.17. Champion Power Equipment
- 11.2.17.1. Business Overview
- 11.2.17.2. Product & Service Offering
- 11.2.17.3. Overall Revenue
- 11.2.17.4. Geographic Presence
- 11.2.17.5. Recent Development
- 11.2.18. Wacker Neuson
- 11.2.18.1. Business Overview
- 11.2.18.2. Product & Service Offering
- 11.2.18.3. Overall Revenue
- 11.2.18.4. Geographic Presence
- 11.2.18.5. Recent Development
- 11.2.19. Pramac
- 11.2.19.1. Business Overview
- 11.2.19.2. Product & Service Offering
- 11.2.19.3. Overall Revenue
- 11.2.19.4. Geographic Presence
- 11.2.19.5. Recent Development
- 11.2.20. Winco Generators
- 11.2.20.1. Business Overview
- 11.2.20.2. Product & Service Offering
- 11.2.20.3. Overall Revenue
- 11.2.20.4. Geographic Presence
- 11.2.20.5. Recent Development
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook