Portable Generator Market was valued at US $ 4.21 Bn. in 2020, and Global Portable Generators market size is estimated to grow at a CAGR of 5.8% to reach US $ 6.25 billion by 2027.
Portable Generator Market Overview:Portable generators are stand-alone power sources that offer temporary AC power for non-hardwired applications. These generators are made up of an internal combustion engine, starter, alternator, fuel tank, and outlets that are all mounted on a single metal frame. Portable generators come in a various types, with the low-end models supporting only a few basic household appliances and the high-end models capable of providing power backup to the entire house. They're more suited to home use and smaller business operations like retail outlets and stores, as well as building sites for powering smaller tools, outdoor festivals, and agricultural equipment like bore wells and drip irrigation systems, temporary installations and pop-up shops, general DIY and auto repair purposes, and during prolonged power cuts and outages. Portable generators are becoming more used for power tools such as drills, air hammers, compressors, and other applications in construction, mining, and oil and gas exploration. As a result, portable generator sales are expected to grow at a CAGR of 5.8%, increasing by 1.8 times during the forecast period. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Portable Generator Market Dynamics:According to the United Nations, more than 55 % of the world's living in urban areas, with that figure anticipated to rise to 68% by 2050. As a result of a substantial population shift to urban regions, electricity demand is increasing. According to the World Bank, 89.6 % of the world's population has access to electricity in 2018. Electricity demand is expected to rise as a result of massive construction projects in commercial areas, business parks, and housing societies. These factors are explaining a gap between energy generation and supply, which is expected to provide lucrative opportunities for the portable generator industry to grow at a rapid speed during the forecast period. According to the International Energy Agency (IEA), worldwide energy demand will increase by over 60% by 2030. Over 1 billion people in developing countries have gained access to modern energy fuels such as coal, electricity, kerosene, liquefied petroleum gas (LPG), and natural gas in the last 25 years. However, over 1.6 billion to over 2 billion people around the world still lack access to power or modern energy services. This figure equates to approximately a third of the world's population. The number of individuals without access to modern energy services grows by 0.030 billion per year. Portable generators have a limited amount of electricity and can only be used as a backup to a conventional power supply. The power generated by generation units can only be utilised for temporary or emergency purposes and cannot be used to replace utility power. Generators can only manage a certain amount of load; for higher loads, higher-power generators or additional generators are necessary. As the load increases, so does the size of the portable generator, which has an impact on mobility. According to the International Energy Agency, worldwide energy demand increased by 4% in 2018 to over 23,000 TWh. By 2030, China's installed power generation capacity is estimated to reach 400 GW. Electric power consumption has increased significantly in recent years in industries such as oil and gas, automobile, aerospace and defence, IT and telecommunications, and agricultural. Furthermore, the growing use of electric cars, worldwide electricity demand is expected to rise by 57% from 2018 to 2050. As a result, the Portable generator industry is expected to benefit from increased demand for uninterruptible power supply.
Portable Generators used the most by Construction Firm in U.S. in 2018:As people become more aware of global warming, there is a greater demand for portable generators that run on biofuel, a renewable source of energy. Biofuel has chemical properties that are similar to petroleum-based fuels, therefore it can be used as a straight alternative for diesel fuel. Furthermore, biofuel provides energy independence to countries like Japan and Italy, which depends on imported petroleum and natural gas. Soybean, canola, corn, leftover cooking oil, and animal fats can all be utilised to make biofuels. Over the forecast period, market players would benefit from rising demand for biofuel-powered generators. The energy storage industry has risen at an exponential rate in recent years. Battery energy storage systems can store energy during peak output with the help of batteries, resulting in less energy waste. Battery storage can help balance the grid and enhance electricity quality depending on the generation source. As a result, the Portable Generator Market is expected to grow slow rate during the forecast period.
Portable Generator Market Segment Analysis:Based on the Fuel Type, the Portable Generator Market is segmented into Diesel, Gas, and Others. The Diesel Fuel segment held the largest market share, accounting for 74.8% in 2020. The Diesel fuel type portable generators are offer advantages such as longer service life and the ability to withstand heavy loads. The variant growth is attributed to growing usage of product in industries such as construction, mining, and oil & gas. Diesel generators widely used as a durable sources of power generation in developing countries such as India, China, and Brazil for use in lighting, irrigation pumping, cottage industries, and rural processing facilities. For instance, India is estimated to have about 0.042 billion small diesel generator to run irrigation pumps. According to the GSM Association, by 2020, the global medium sector will have deployed around 390,000 off-grid medium towers and 790,000 off-grid installations, increasing need for diesel generators for power backup in distant places. During the forecast period, the medium-sized firm's expansion will coincide with the worldwide diesel generator market's growth. Based on the Application, the Portable Generator Market is segmented into Residential, Commercial, and Others. The Residential segment held the largest market share, accounting for 72.3% in 2020. The Improved standards of living and increased consumer awareness towards emergency readiness is expected to fuel the residential portable generators market growth across the globe. Portable generators' growing preference, as their reduced price tag and multi-use capacity, which makes them ideal for a wide range of end-user needs. Recurrent power outages to meet peak-hour demand, as well as an increase in end-user awareness of disaster preparedness, are expected to boost the product demand during the forecast period.
Global Portable Generator Market Regional Insights:Asia Pacific region held the largest market share accounted for 39 % in 2020. The region’s growth is attributed to the rising household electric power consumption along with increasing demand for power generation equipment for electricity storage in nations like India, China, Singapore, and Japan. The expansion of India's and China's manufacturing sectors is expected to boost the Asia Pacific market's growth during the forecast period. In addition, demand for power generation equipment such as diesel and gas generators has increased as a result of China's significant economic growth. India's new legislative reforms aimed at assisting industry growth have made it a particularly desirable market for OEMs. During the forecast period, these factors are likely to increase demand for generators in the region. North America region is expected to witness significant growth at a CAGR of 5.73% during the forecast period. The US Department of Energy estimates that 72.0 % of the country's electricity infrastructure is over 25 years old and nearing the end of its usable life. By 2025, the country plans to invest a total of US $ 1000 billion in infrastructure development projects across all industries. These kind of investment investments in the region's building industry is expected to boost the portable generator market growth in the region. The objective of the report is to present a comprehensive analysis of the Portable Generator Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Portable Generator Market dynamic, structure by analyzing the market segments and projecting the Portable Generator Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Portable Generator Market make the report investor’s guide.
Global Portable Generator Market Scope: Inquire before buying
Global Portable Generator Market by Region• North America • Europe • Asia Pacific • South America • The Middle East and Africa
Global Portable Generator Market Key Players• Caterpillar, Inc. • Cummins, Inc. • Yamaha Motor Co., Ltd. • Honda Siel Power Products Limited • Kohler Co • Atlas Copco • Briggs & Stratton • Generac • Eaton • Honeywell • Siemens • Wacker Neuson • Kubota • Kohler • Champion • Himoinsa • Duromax • Loncin
Frequently Asked Questions:1] What segments are covered in the Portable Generator Market report? Ans. The segments covered in the Portable Generator Market report are based on Fuel type, Power Rating, and Application. 2] Which region is expected to hold the highest share in the Portable Generator Market? Ans. The Asia Pacific region is expected to hold the highest share in the Portable Generator Market. 3] What is the market size of the Portable Generator Market by 2027? Ans. The market size of the Portable Generator Market by 2027 is US $ 6.25 Bn. 4] What is the forecast period for the Portable Generator Market? Ans. The Forecast period for the Portable Generator Market is 2020-2027. 5] What was the market size of the Portable Generator Market in 2020? Ans. The market size of the Portable Generator Market in 2020 was US $ 4.21 Bn.
1. Global Portable Generator Market Size: Research Methodology 2. Global Portable Generator Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Portable Generator Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Portable Generator Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Portable Generator Market Size Segmentation 4.1. Global Portable Generator Market Size, by Fuel type (2020-2027) • Diesel • Gas • Others 4.2. Global Portable Generator Market Size, by Power Rating(2020-2027) • Below kVA • 5-15 kVA • 15-45 kVA • Above 45 kVA 4.3. Global Portable Generator Market Size, by Application (2020-2027) • Residential • Commercial • Others 5. North America Portable Generator Market(2020-2027) 5.1. Global Portable Generator Market Size, by Fuel type (2020-2027) • Diesel • Gas • Others 5.2. Global Portable Generator Market Size, by Power Rating(2020-2027) • Below kVA • 5-15 kVA • 15-45 kVA • Above 45 kVA 5.3. Global Portable Generator Market Size, by Application (2020-2027) • Residential • Commercial • Others 5.4. North America Portable Generator Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Portable Generator Market (2020-2027) 6.1. European Portable Generator Market, by Fuel type (2020-2027) 6.2. European Portable Generator Market, by Power Rating(2020-2027) 6.3. European Portable Generator Market, by Application (2020-2027) 6.4. European Portable Generator Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Portable Generator Market (2020-2027) 7.1. Asia Pacific Portable Generator Market, by Fuel type (2020-2027) 7.2. Asia Pacific Portable Generator Market, by Power Rating(2020-2027) 7.3. Asia Pacific Portable Generator Market, by Application (2020-2027) 7.4. Asia Pacific Portable Generator Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Portable Generator Market (2020-2027) 8.1. The Middle East and Africa Portable Generator Market, by Fuel type (2020-2027) 8.2. The Middle East and Africa Portable Generator Market, by Power Rating(2020-2027) 8.3. The Middle East and Africa Portable Generator Market, by Application (2020-2027) 8.4. The Middle East and Africa Portable Generator Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Portable Generator Market (2020-2027) 9.1. Latin America Portable Generator Market, by Fuel type (2020-2027) 9.2. Latin America Portable Generator Market, by Power Rating(2020-2027) 9.3. Latin America Portable Generator Market, by Application (2020-2027) 9.4. Latin America Portable Generator Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Caterpillar, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Cummins, Inc. 10.3. Yamaha Motor Co., Ltd. 10.4. Honda Siel Power Products Limited 10.5. Kohler Co 10.6. Atlas Copco 10.7. Briggs & Stratton 10.8. Generac 10.9. Eaton 10.10. Honeywell 10.11. Siemens 10.12. Wacker Neuson 10.13. Kubota 10.14. Kohler 10.15. Champion 10.16. Himoinsa 10.17. Duromax 10.18. Loncin