The global demand for Portable Generator Market is presumed to reach the market size of nearly USD 9.72 Billion by 2032 from USD 5.65 Billion in 2023 with a CAGR of 6.21% under the study period 2024 - 2032.
Portable generators produce electrical power with the help of a gas-powered engine. It is a source of temporary electrical power and not meant for permanent installation. These lightweight and compact generators contain two electrical outlets and run on diesel or biodiesel, propane, gasoline, or natural gas. The primary purpose of a portable generator is to address power failures in domestic as well as commercial setup, provided the requirement for backup power is low. Its runtime capacity is less than 12 hours, and the power output varies between 500W to 17.5 kW. As the name suggests, it serves as a handy accessory and can power essential appliances such as lights, mobile chargers, refrigerators, medical equipment, and ACs.
Market Dynamics
Key factors driving the portable generator market are increasing demand for continuous power supply in domestic and commercial spaces, affordability in comparison to stationary generators, and improved design to deliver greater efficiency. Besides, increasing incidence of disruption in power supply resulting in prolonged power outages and increasing use of the portable generator in construction sites will also boost demand for portable generators. Furthermore, a rise in power outages related to extreme weather conditions will also propel the portable generator market. However, lack of sound insulation, the presence of alternative power backup solutions such as solar generators, UPS, inverters, and strict government rules to restrict carbon emission will impede portable generator market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of portable generator. The growth and trends of portable generator industry provide a holistic approach to this study.
Market Segmentation
This section of the portable generator market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Diesel Generator
- Gaseous Generator
- Gasoline Generator
- Others
By Power Range
- Low Power (8 - 20KW)
- Medium Power (21 - 370KW)
- High Power (371 - 450KW)
By Application
- Prime/Continuous
- Emergency
By End User
- Commercial
- Residential
- Industrial (Construction, Mining, Oil & Gas, Others)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Portable Generator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Portable Generator Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the portable generator market include Briggs & Stratton Corporation, Champion Power Equipment, Caterpillar Inc., Cummins Inc., Generac Power Systems Inc., Kohler Co., Multiquip Inc., WINCO, Yamaha Motor Corporation U.S.A., Duromax Power Equipment. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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