Global Portable Generator Market Scenario:
The global portable generators market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 2.2 billion in 2022 to USD 2.9 billion in 2027.
𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝗧𝗵𝗲 𝗦𝘁𝘂𝗱𝘆
Construction activities needs electric power to operate the various equipment and machinery used at working sites where construction is taking place. These sites are not accessible to grid supply as they are often in remote areas where grid supply does not reach. This is where the power generation industry comes into play by providing generators to supply the much-needed electric power. Portable generators in these activities can carry out their operations and be carried out from one site to another. Portability of the generators ensures that all construction sites have the required power necessary to run smooth operations. It would be challenging to share power from a centralized location to power different plants in without these generators. Despite whether you are operating a large or medium-sized construction, a portable generator should always be there and ready for use. Governments have focused on accelerating the infrastructural investment in various countries. Study by Oxford Economics says that the construction industry will reach 13.5% of the global GDP by 2030. Apart from the rural electrification programs, In the developed/developing regions, the countries are experiencing blackouts and voltage fluctuations due to mismatch in the power demand and supply to these countries. Portable generators are used across various end users such as commercial, residential, and industrial. Generators are deployed across different industrial sectors and construction sites to adequately power on-site equipment and tools. The growing need for uninterrupted power in every region is expected to drive the portable generator market.
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Key Players in This Report Include:
Honda (Japan), Generac (US), Yamaha (Japan), Cummins (US), Atlas Copco (Sweden), Briggs and Stratton (US), Generac (US), Yamaha, Caterpillar Inc. (US), Honeywell International Inc. (US), Siemens (Germany), Waucker Neuson (Germany), Rato Europe (Italy), Kohler (US), Champion Power Equipment (US), Inmesol (Spain), Himoonsa (Spain), Duromax (California), Loncin (China), Wen portable generators (US), Pulsar products (US).
Recent Developments
- In January 2021, Yamaha has updated its full line of inverter and conventional generators with Carbon Monoxide (CO) Sensor.
- In October 2021, Generac launched its new products series Guardian 26kW generator provides 26 kilowatts of peak power, while taking up less space and offering thousands of dollars of savings on purchase and installation compared to competitive home standby generators.
- In September 2019, Honda has launched, Honda My Generator Bluetooth App which allows end users to start (electric start models only), stop, and monitor critical functions of Honda portable generators through a Bluetooth interface on a smartphone.
This research report categorizes the portable generator market by fuel, applications, product type, power rating, end user, and region
Based on fuel:
- Gasoline
- Diesel
- Natural Gas
- Others
Based on application:
- Emergency
- Prime/ Continuous
Based on product type:
- Inverter generator
- Conevntional generator
Based on power rating:
- Below 5kW
- 5 – 10 kW
- 10 – 20 KW
Based on end user:
- Residential
- Commercial
- Industrial
Based on region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Asia Pacific is expected to be the fastest-growing segment in the global Portable generator market, by region, during the forecast period.
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Objectives of the Report:
- To define, describe, segment, and forecast the portable generators market size, by product type, fuel, power rating, end user, and application
- To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the portable generators market
- To strategically analyze the portable generators market with respect to individual growth trends, prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the portable generators market
