Global Portable Generator Market

Global Portable Generator Market Size, Share, Growth Analysis, By Fuel(Gasoline, Diesel), By Application(Emergency, Prime/Continuous), By Power Rating(Less than 5 kW, 5–10 kW), By End-use(Residential, Commercial) - Industry Forecast 2023-2030


Report ID: SQMIG20E2066 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 117 | Figures: 77

Global Portable Generator Market Insights

Portable Generator Market size was valued at USD 4.43 billion in 2021 and is poised to grow from USD 4.69 billion in 2022 to USD 7.3 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

The market is expanding as a result of the rapidly expanding construction industry's snowballing adoption of portable generators. In the construction sector, a variety of power tools, including drives, drills, air hammers, and compressors, are frequently used. For innovative building projects, where the majority of work is done at night and in locations where power from power grids cannot be reached, portable generators are frequently used.

The market also is expected to expand significantly as a result of the frequent power outages, poor grid infrastructure in distant areas, and negative environmental effects. Increasing demand for continuous power supply, combined with rising infrastructure activities and rapid urbanization, is another factor expected to push the market growth.

US Portable Generator Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 4.43 billion

Largest Segment

Emergency

Fastest Growth

Emergency

Growth Rate

5.7% CAGR

Global Portable Generator Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Portable Generator Market Size By Application 2022-2028 ($ Bn)
Global Portable Generator Market Size By Application 2022-2028 (%)

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Global Portable Generator Market Segmental Analysis

The Global Portable Generator Market is segmented based on fuel, application, power rating, end-use, and region. Based on the Fuel, it is categorized into Gasoline, Diesel, and Natural Gas. Based on the application, it is categorized into Emergency, and Prime/Continuous. Based on Power Rating, it is categorized into Less than 5 kW, 5–10 kW, 10–20 kW, and More than 20 kW. Based on End-use, it is categorized into Residential, Commercial, and Industrial. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.

Portable Generator Market Analysis by Application

On the basis of application, the emergency segment currently dominates the global portable generator market. The emergency sector held the biggest market share for portable generators in 2021. Emergency generators are portable power units that are used briefly during power shortages. With just one tank fill, these generators can run for an average of 10 to 12 hours. Portable emergency generators are typically utilized when severe weather, such as storms, torrential downpours, and heat waves, impair the transmission and distribution network. Small-scale manufacturing and businesses have been compelled to rely on emergency portable generators because of the inadequate infrastructure for power generation and the shoddy grid networks in developing nations.

Portable Generator Market Analysis by Power Rating

On the basis of power rating, the less than 5 kW segment currently dominates the global portable generator market and is expected to grow at the highest CAGR, due to rising awareness of the benefits of indoor power backup and the increased demand for portable powering systems for outdoor recreational activities. On the other hand, the market for portable generators is also anticipated to be driven by the use of generators that provide more than 20kW of power in the industrial sector, due to the requirement for larger power supplies to run machinery and industrial tools.

Global Portable Generator Market By Application, 2021 (%), 2021 (%)

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Global Portable Generator Market Regional Insights

Based on the region, the North American and European region currently dominates the global portable generator market with respect to market share and they are expected to exhibit a steady growth mainly driven by rising natural calamities in the regions, during the forecast period.

Apart from this, Asia-Pacific is predicted to lead the portable generator market share and make a substantial contribution to the global portable generator industry. Emerging economies like China and India, who are making significant investments in the energy and power industry, are responsible for this development. Millions of people in this region still lack access to power, which might also fuel the expansion of the portable generator, despite government investments in grid infrastructure.

There is also a considerable growth in demand for portable generators in the Middle East & African region, due to the poor grid infrastructure in this region. Additionally, this area has a great potential for economic growth, and as numerous global corporations are investing in various industrial verticals, portable generators are the best alternative for providing power supply in remote areas and preventing frequent power outages.

Global Portable Generator Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

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Global Portable Generator Market Dynamics

Portable Generator Market Drivers

  • Inadequate grid infrastructure in emerging economies: Due to a lack of grid infrastructure, millions of people around the world do not have access to power. A combination of rapid population growth, increased energy demand, and inadequate energy infrastructure primarily affects emerging economies. In order to obtain dependable power supply, many housing societies, flats, businesses, and SMEs use portable generators, which leads to the growth of the global portable generator market.
  • Increased natural disasters and frequent power cuts: In the wake of natural disasters like tsunamis, earthquakes, floods, bushfires, storms, hurricanes, and volcanic eruptions, among others, there is a greater demand for portable generators. The infrastructure of the national grid is frequently disrupted by natural disasters in several parts of the world, which results in erratic electrical delivery. Portable gensets are frequently utilized to supply electricity for rescue operations in such situations.

Portable Generator Market Restraints

  • Initiatives by Governments and International Organizations to Expand Access to Electricity: Developing nations are seriously noting the frequent power outages and insufficient supply of electricity. The market's potential is anticipated to be constrained by local governments' growing desire to upgrade the grid infrastructure in order to satisfy consumer demand. Additionally, growing worries about greenhouse gas emissions and changing tendencies toward clean energy technology are expected to restrain market expansion.

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Global Portable Generator Market Competitive Landscape

The portable generator market is expected to be dominated by well-known players. Portable generators are frequently used in household settings as well as by several SMEs to prevent power outages and guarantee a steady supply of electricity. Manufacturing firms are constantly trying to use the generators' performance to abide by regulatory board norms and regulations. The portable generators' performance, toughness, power rating, and cost are the main competing factors among industry participants.

Portable Generator Market Top Players Company Profiles

  • Honda Power Equipment
  • Briggs & Stratton Corporation
  • Cummins Inc.
  • Generac Power Systems
  • Kohler Co.
  • Yamaha Motor Corporation
  • Atlas Copco AB
  • Caterpillar Inc.
  • Champion Power Equipment
  • Doosan Corporation
  • Eaton Corporation
  • GE Energy
  • Honeywell International Inc.
  • Ingersoll-Rand plc
  • Kirloskar Electric Company Limited
  • Mitsubishi Heavy Industries Ltd.
  • Multiquip Inc.
  • Perkins Engines Company Limited
  • Wacker Neuson SE
  • Winco Inc.

Portable Generator Market Recent Developments

  • In June 2021, Generac Holdings Inc. acquired Deep Sea Electronics Limited, a designer and producer of advanced controls. Deep Sea Electronics offers a wide range of controller products that provide versatile solutions for a variety of applications such as generators, automatic transfer switches, battery voltage, and off-highway vehicles.

Global Portable Generator Key Market Trends

  • Rising demand for uninterrupted power supply is predicted to support the market growth: Electricity is essential for a country's economic development, yet many nations lack the necessary grid infrastructure. Small and medium-sized businesses (SMEs) as well as commercial areas are significantly hampered by an inadequate power supply. Portable gensets support the growth of the portable genset market by guaranteeing continuous electricity supply in addition to a dependable power source in the case of a blackout.

Global Portable Generator Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to the analysis, the global portable generator market is currently led by countries in the North American and European region, due to rising natural calamities, which fuels the demand for portable generators in these regions. Along with this, the emergency segment is currently dominating the global portable generator market, and it is projected to maintain its dominance over the forecast period, due to its high efficiency.

Report Metric Details
Market size value in 2021 USD 4.43 billion
Market size value in 2030 USD 7.3 billion
Growth Rate 5.7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Fuel
    • Gasoline, Diesel, Natural Gas
  • Application
    • Emergency, Prime/Continuous
  • Power Rating
    • Less than 5 kW, 5–10 kW, 10–20 kW, More than 20 kW
  • End-use
    • Residential, Commercial, Industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Honda Power Equipment
  • Briggs & Stratton Corporation
  • Cummins Inc.
  • Generac Power Systems
  • Kohler Co.
  • Yamaha Motor Corporation
  • Atlas Copco AB
  • Caterpillar Inc.
  • Champion Power Equipment
  • Doosan Corporation
  • Eaton Corporation
  • GE Energy
  • Honeywell International Inc.
  • Ingersoll-Rand plc
  • Kirloskar Electric Company Limited
  • Mitsubishi Heavy Industries Ltd.
  • Multiquip Inc.
  • Perkins Engines Company Limited
  • Wacker Neuson SE
  • Winco Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Portable Generator Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Portable Generator Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Portable Generator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Portable Generator Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Portable Generator Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Portable Generator Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Portable Generator Market size was valued at USD 4.43 billion in 2021 and is poised to grow from USD 4.69 billion in 2022 to USD 7.3 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

The portable generator market is expected to be dominated by well-known players. Portable generators are frequently used in household settings as well as by several SMEs to prevent power outages and guarantee a steady supply of electricity. Manufacturing firms are constantly trying to use the generators' performance to abide by regulatory board norms and regulations. The portable generators' performance, toughness, power rating, and cost are the main competing factors among industry participants. 'Honda Power Equipment', 'Briggs & Stratton Corporation', 'Cummins Inc.', 'Generac Power Systems', 'Kohler Co.', 'Yamaha Motor Corporation', 'Atlas Copco AB', 'Caterpillar Inc.', 'Champion Power Equipment', 'Doosan Corporation', 'Eaton Corporation', 'GE Energy', 'Honeywell International Inc.', 'Ingersoll-Rand plc', 'Kirloskar Electric Company Limited', 'Mitsubishi Heavy Industries Ltd.', 'Multiquip Inc.', 'Perkins Engines Company Limited', 'Wacker Neuson SE', 'Winco Inc.'

Inadequate grid infrastructure in emerging economies: Due to a lack of grid infrastructure, millions of people around the world do not have access to power. A combination of rapid population growth, increased energy demand, and inadequate energy infrastructure primarily affects emerging economies. In order to obtain dependable power supply, many housing societies, flats, businesses, and SMEs use portable generators, which leads to the growth of the global portable generator market.

Rising demand for uninterrupted power supply is predicted to support the market growth: Electricity is essential for a country's economic development, yet many nations lack the necessary grid infrastructure. Small and medium-sized businesses (SMEs) as well as commercial areas are significantly hampered by an inadequate power supply. Portable gensets support the growth of the portable genset market by guaranteeing continuous electricity supply in addition to a dependable power source in the case of a blackout.

Based on the region, the North American and European region currently dominates the global portable generator market with respect to market share and they are expected to exhibit a steady growth mainly driven by rising natural calamities in the regions, during the forecast period.

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