Portable Generator Market

Portable Generator Market size reached USD 2.1 billion in 2021 and is estimated to reach USD 3.3 billion in 2029 and the market is estimated to grow at a CAGR of 5.8%.

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Key Drivers

The factors driving the global portable generator market growth include the rising electricity demand, expansion of construction sector, and growing need for a continuous power supply. Increasing adoption of power generators for power backup owing to the widespread power outages and the need for a reliable and continuous supply source will further expand the Portable Generator Market Share. Growing use of portable generators in construction sites to operate power tools, paint sprayers, air compressors, drills, saws, in order to optimize output with minimal fuel consumption, will augment the market growth. In addition, rising cases of natural calamities, such as tsunamis, earthquake, and hurricanes have increased the demand for portable generators, driving the market growth. Leading players have adopted partnership strategies to implement new technologies, improve operational efficiency, and market expansion is forecast to expand the market.

Increasing awareness about the portable generators, growing demand for cheaper and diesel-driven generators, and the ongoing technological innovations by the leading market players are anticipated to augment the portable generator market growth. In May 2019, according to the IRENA, nearly 840 million people did not have access to electricity and lack sustainable energy goals. However, growing demand for battery storage systems and other standby sources will restrain the Portable Generator Market Size.

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Fuel – Segment Analysis

Based on fuel, the market is segmented into gasoline, diesel, natural gas, and others. The gasoline segment is anticipated to grow at a higher CAGR during the forecast period owing to the longer service life, ability to withstand heavy loads, high availability of fuel stations, and comparatively less expensive as compared to other portable generators if used for a shorter time period.

Power Rating – Segment Analysis

Based on power rating, the market is segmented into below 5 kW, 5–10 kW, and 10–20 kW. The 5–10 kW segment is expected to dominate the market during the forecast period. This is attributed to the rising adoption of these generators for powering residential and commercial devices including air conditioners, water pumps, refrigerators, compressors, drills, high-pressure washers, and industrial motors.

End User – Segment Analysis

Based on end-user, the market is segmented into residential, commercial, and industrial. The residential segment is anticipated to witness faster CAGR during the forecast period primarily due to the use of portable generators to run small- and medium-sized loads, including household appliances. Growing urbanization and increasing adoption of electric home and kitchen appliances in residential sector are further augmenting the market growth.

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Regional – Segment Analysis

Based on the region, North America is projected to lead the portable generator market owing to the increasing investment in the infrastructure development in the region. Moreover, rapid economic development, increased standard of living, and the growing demand of uninterrupted power supply are further supporting the market growth in the region. On the other hand, Asia-Pacific region is anticipated to witness a higher CAGR in the portable generator market during the forecast period. This is primarily due to the growing residential and commercial sectors in surging economies including China, Japan, India, and South Korea in the region.

Top Market Players

Various notable players operating in the global Portable Generator market include Honda Motor Co., Ltd., Generac Power Systems, Inc., Yamaha Motor Co., Ltd., Atlas Copco AB, Briggs & Stratton, LLC, Kubota Corporation, Siemens AG, Cummins, Inc., Kohler Co., and Honeywell International Inc., among other companies. 

Key Developments:

• • In 2020, Honda Motor Co., Ltd. launched Honda My Generator Bluetooth App. This app allows a user to start, stop, and monitor critical operations of portable Honda generator remotely from a compatible Apple device or Android smartphone through a Bluetooth interface.
  • In 2020, Honda Motor Co., Ltd. Launches CO-MINDER™ Advanced Carbon Monoxide Detection System to be equipped with the portable generators. These safety system is designed for protecting users from injury or death from accidental carbon monoxide poisoning. This product launch helped in enhancing the product portfolio of the company in portable generators market.

Segments covered in the Report:

The global Portable Generator market has been segmented on the fuel, power rating, , end-user, and region. Based on fuel, the market is segmented into gasoline, diesel, natural gas, and others. Based on power rating, the market is segmented into below 5 kW, 5–10 kW, and 10–20 kW. Based on end-user, the market is segmented into residential, commercial, and industrial.

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Key questions answered in this research report:

• • At what pace is global Portable Generator market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Portable Generator market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Portable Generator market?
  • Which fuel generated maximum revenues in 2021 and identify the most promising fuel during the forecast period?
  • What are the various end-users of global Portable Generator market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Portable Generator Market by Fuel

• • Gasoline (Petrol)
  • Diesel
  • Natural Gas
  • Others

Global Portable Generator Market by Power Rating

• • Below 5 kW
  • 5–10 kW
  • 10–20 kW

Global Portable Generator Market by End User

• • Residential
  • Commercial
  • Industrial

Global Portable Generator Market by Region

• • North America Portable Generator Market (Option 1: As a part of the free 25% customization)
    • By Fuel
    • By Power Rating
    • By End User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Portable Generator Market (Option 2: As a part of the free 25% customization)
    • By Fuel
    • By Power Rating
    • By End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Portable Generator Market (Option 3: As a part of the free 25% customization)
    • By Fuel
    • By Power Rating
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Portable Generator Market (Option 4: As a part of the free 25% customization)
    • By Fuel
    • By Power Rating
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Portable Generator Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honda Motor Co., Ltd.
  • Generac Power Systems, Inc.
  • Yamaha Motor Co., Ltd.
  • Atlas Copco AB
  • Briggs & Stratton, LLC
  • Kubota Corporation
  • Siemens AG
  • Cummins, Inc.
  • Kohler Co.
  • Honeywell International Inc.