Overview and Scope
The portable generator provides electrical power where electricity is unavailable or required for temporary purposes. A portable generator is a gas- or diesel-powered device designed typically to be an electrical generator that measures power in hours of use instead of days. Portable generators provide electricity by running a gas-powered engine that turns an on-board alternator, which generates electrical power. These generators provide temporary, easily transportable electric power, and are very commonly found in daily operation on all work and leisure sites.
Sizing and Forecast
The portable generators market size has grown steadily in recent years. It will grow from <b>$5.14 billion in 2023 to $5.37 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. </b> The growth in the historic period can be attributed to rise in power outages, construction industry growth, rise in outdoor activities, rise in demand for home power backup, governmnet support.
The portable generators market size is expected to see steady growth in the next few years. It will grow to <b>$6.33 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. </b> The growth in the forecast period can be attributed to rising remote work, aging grid infrastructure, environmental regulations, rising disposable income. Major trends in the forecast period include hybrid and dual-fuel generators, smart generator technology, solar-powered portable generators, eco-friendly generators, integration of lithium-ion batteries.
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Segmentation & Regional Insights
The portable generators market covered in this report is segmented –
1) By Fuel Type: Diesel, Gas, Other Fuel Types
2) By Product Type: Conventional Portable Generator, Inverter Portable Generator
3) By End-User: Residential, Commericial, Industrial
<b>Asia-Pacific</b> was the largest region in the portable generators market in 2023. <b>North America</b> was the second largest region in the electrical and electronics market. The regions covered in the portable generators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing rate of urbanization coupled with the increasing frequency of power grid failures is propelling the growth of the portable generators market. Electricity is key to the economic progress of a nation but many countries in the world do not have proper grid infrastructure due to which there is an inadequate power supply which hampers operations of residential and industrial spaces. Portable generators help provide a reliable power supply during a blackout and ensure continuous electricity supply for residential applications, as well. Moreover, rising concerns about power instability in the residential sector due to natural calamity, and uninterrupted operations are also driving the portable generator market. For instance, in October 2022, The World Bank, an a US-based international financial institution, 4.4 billion people, or 56% of the world’s population, reside in urban areas. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double from its current level. This surge in urbanization leads to an increase in the demand for portable generators.
Key Industry Players
Major companies operating in the portable generators market include <b> YellowScan, Kohler Co., General Electric Company, Caterpillar Inc., Cummins Inc., Honeywell International Inc., Generac Power Systems Inc., Eaton Plc, Briggs & Stratton Corporation, Atlas Copco (India) Ltd., WackerNeuson SE., WIN Co., Harrington Generators International Ltd., Multiquip Inc., Kirloskar Electric Co. Ltd., Stanley Black & Decker Inc., STEPHILL GENERATORS LTD, Techtronic Industries Co. Ltd., Honda Power Equipment, WEN Products, Westinghouse Electric Corporation, DuroMax Power Equipment, Firman Power Equipment, Doosan Portable Power, Ingersoll Rand, Himoinsa S.L., Pramac Co., Ryobi Limited, DeWalt Inc., Greenworks Tools, ECHO Incorporated, Lifan Power USA, All Power America LLC </b>
The portable generators market report table of contents includes:
1. Executive Summary
2. Portable Generators Market Characteristics
3. Portable Generators Market Trends And Strategies
4. Portable Generators Market – Macro Economic Scenario
5. Global Portable Generators Market Size and Growth
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26. South America Portable Generators Market
27. Brazil Portable Generators Market
28. Middle East Portable Generators Market
29. Africa Portable Generators Market
30. Portable Generators Market Competitive Landscape And Company Profiles
Top Major Players:
- YellowScan
- Kohler Co
- General Electric Company
- Caterpillar Inc
- Cummins Inc
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