The Portable Generators Global Market Report 2023 by The Business Research Company, provides portable generators market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Portable Generators Global Market Report 2023, the global portable generators market size grew from $5.09 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global portable generators is expected to grow to $8.47 billion in 2027 at a CAGR of 10.7%.
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.
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The portable generators market 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, Commercial, Industrial
The use of bi-fuel portable generators is a key trend gaining popularity in the portable generators market. Portable generator manufacturers have been working on technological advancements to help develop bi-fuel technology. Bi-fuel portable generators provide fuel efficiency by making use of two fuel types, generally utilizing both diesel and natural gas, providing extended running times and significant reliability. These generators are scalable and reduce the costs of storing and managing large quantities of diesel fuel. Furthermore, governments are implementing strict regulations primarily for diesel fuel-powered engines. Bi-fuel portable generators are more environmentally friendly emitting far less NOx and particulate matter than a standard diesel generator. For instance, Generac’s Bi-Fuel™ are EPA certified and emit about 30% fewer nitrogen oxides and 50% less particulate matter than comparable diesel-only units.
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. Portable Generators Market Size And Growth
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26. Africa Portable Generators Market
27. Portable Generators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Portable Generators Market
29. Portable Generators Market Future Outlook and Potential Analysis
30. Appendix
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