Portable Generator Market size was valued at US$ 1.80 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.09% from 2022 to 2029, reaching nearly US$ 3.11 Bn.
Portable Generator Market Overview:Portable Generator Market is expected to reach US$ 3.11 Bn. by 2029. An electrical generator that normally runs on gas or diesel and measures power in hours rather than days is referred to as a portable generator. It consists of a tiny turbine that is turned by an engine, producing useful electricity up to a specified wattage. The generator itself can be professionally hooked into a home's sub-panel, or users can access it by plugging electrical tools or appliances directly into the generator's sockets. It has enough electricity to operate some lights, a television, a freezer, and a refrigerator. This report focuses on the different segments of the Portable Generator market (Fuel Type, Power Rating, End User, and Region). In-depth analysis of the leading industry participants and regions is provided in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the numerous sectors' explosive modern-era growth. Through numbers, visuals, and presentations, the core data analysis from 2017 to 2021 is highlighted. The market drivers, restraints, opportunities, and challenges for Portable Generator are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Portable Generator market. To know about the Research Methodology :- Request Free Sample Report
Portable Generator Market Dynamics:Increasing numbers of power outages caused by inadequate grid infrastructure and severe weather As the foundation of any country's power sector is its transmission and distribution of electricity, grid infrastructure that is getting older makes it more susceptible to power outages. Transmission systems that have not been properly modernized cannot support increased power demands and, in extreme situations, can even fail, resulting in a power outage. In industrialized countries, transmission and distribution networks were set up quite some time ago, and even with routine maintenance, the infrastructure will eventually deteriorate over time. The National Association of Regulatory Utility Commissioners in the US estimates that coal, gas, and nuclear power plants can operate effectively for about 40 years. Due to the fact that the life cycle of these power production sources is coming to an end, nations like the US, the UK, and Germany have been concentrating on replacing their deteriorating infrastructure for power generation, transmission, and distribution. Furthermore, severe weather is also expected to increase demand for portable generators. The electrical system in the US is susceptible to unplanned and frequent power outages. As a result, growing consumer awareness of emergency preparedness and rising expenditures in backup power solutions will both support market growth. According to the Department of Energy (DoE) and the North American Electric Reliability Corp. (NERC), a system that can handle unexpected power shots and drops is the only way to guarantee uninterrupted power. Since the average US power outage lasts longer than an hour and has been rising consistently over the past few years, the US experiences more blackouts than any other developed nation. The annual cost of these blackouts to American firms is over $150 billion USD. Portable generators have a limited power generation capacity. Portable generators can only be used as a backup for a regular power supply due to their limited power production. While gensets can produce power, it can only be utilised temporarily or in an emergency and cannot take the place of a utility's regular power supply. Generators can only support a certain amount of load; for higher loads, more powerful generators or additional generators are needed. Mobility is impacted because as the load increases, so does the size of the portable generator. It is expected that China's installed power generation capacity will increase to 400 GW by 2030. A portable unit's average run time is less than 12 hours, making them primarily intended for temporary use. These portable generators can produce 500 W to 20 kW of power. The power output of stationary generators can range from 3 kW to several hundred kilowatts, despite the fact that they are primarily made for long run times. Dual-fuel and inverter portable generator use is growing In general, hybrid generators are internal combustion engines coupled with batteries, which are offered by many OEMs. When the load is high, these hybrid gensets directly power the engine; when the load is low, the battery powers the engine. They have a number of advantages over traditional gensets, including a reduction in running time, fuel consumption, and noise. They are also expected to penetrate the market for mobile gensets, which are primarily employed in residential settings and building sites. By combining the benefits of gas and diesel generators, dual fuel generators increase the dependability of standby power systems. Portable generators that can run on both gas and diesel can run exclusively on diesel in times of emergency. To overcome diesel engine emission restrictions and rising operating costs, several generator manufacturers are implementing dual fuel technology. Dual fuel generators are thus taking the place of traditional diesel generator sets. Advanced electronic circuitry and cutting-edge magnets are used in inverter generators. Compared to conventional generators, inverter generators offer pure AC power and are typically utilised to power current-sensitive appliances. The market for small home generators is being penetrated by inverter generators.
Portable Generator Market Segment Analysis:Based on the Fuel Type, the market is segmented into Diesel, Gasoline, Natural Gas, and Others. Gasoline segment is expected to hold the largest market share of xx% by 2029. Portable gasoline generators are typically employed for short-term, irregular, or low-load applications. The most widely used and convenient fuel is gasoline, although it is extremely flammable and dangerous to store in big quantities. Additionally, gasoline (petrol) costs are rather expensive, and it often uses the least amount of fuel to power a generator, at least for extended periods of time. It is employed in a variety of situations, including emergencies, camping, and hunting. Generators powered by gasoline (petrol) operate more quietly and emit fewer noxious carbon dioxide fumes. Diesel segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Generators powered by diesel engines are able to provide significantly more power than a natural gas engine of the same size. Diesel can produce greater power from a smaller engine than natural gas because it has a higher energy value. When comparing a natural gas generator to a diesel model, the output of the diesel engine is typically two times more than that of the natural gas engine. The motors of diesel-powered generators are built differently from those of other generator types. Most notably, diesel variants lack carburetors and spark plugs. Because of this design decision, the engine is simpler and more effective, and all that is needed to keep the generator operating is routine maintenance and refilling. Based on the Power Rating, the market is segmented into Less than 5kW, 5–10kW, and above 10kW. 5–10kW power rating segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Pumps, air conditioners, drills, high-pressure washers, and industrial motors are just a few of the devices that can be powered by portable generators between 5 and 10 kW. For these gadgets to work, more power is needed. Diesel, natural gas, and propane are the main fuels that they run on. Because of rising awareness of indoor power backup and rising need for portable powering systems for outdoor recreational activities, the market for these generators is expected to rise. Based on the End User, the market is segmented into Commercial, Industrial, and Residential. Residential end user segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The unreliability of electrical networks is attributed for the growth of the residential end user segment. Additionally, regions that are vulnerable to natural disasters and sudden power outages are what fuel the need for portable generators in the residential end-user segment. Residential end users often employ portable generators with a maximum power output of 6 kW. In emergency scenarios, these generators are utilised in homes to power a variety of appliances such lights, refrigerators, sump pumps, heaters, TVs, and air conditioners. Additional uses for portable generators include camping vacations and tailgating events.
Portable Generator Market Regional Insights:North American region is expected to dominate the Portable Generator Market during the forecast period 2022-2029. The North American region is expected to hold the largest market share of xx% by 2029. Frequent power outages are caused by ageing grid infrastructure and natural disasters, and the region's market is increasing as a result of the industrial sector's consistently rising demand. The U.S. dominates the market for portable generators globally and in North America. Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to a number of factors, including the growth of construction and development activity. The major market contributors to the Asia Pacific region are China, India, Japan, and Thailand. Due to its increasing urbanisation and industrial growth, China holds the largest market share in the region. The objective of the report is to present a comprehensive analysis of the Global 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 has 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 Global Portable Generator Market dynamic and structure by analyzing the market segments and projecting the Global Portable Generator Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Portable Generator Market make the report investor’s guide.
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Global Portable Generator Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.80 Bn. Forecast Period 2022 to 2029 CAGR: 7.92% Market Size in 2029: US $ 3.11 Bn. Segments Covered: by Fuel Type • Diesel • Gasoline • Natural Gas • Others by Power Rating • Less than 5kW • 5–10kW • Above 10kW by End User • Commercial • Industrial • Residential
Portable Generator Market, by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
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 • Champion • Himoinsa • Duromax • Loncin Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Portable Generator Market? Ans. The North American region is expected to hold the highest share in the Portable Generator Market. 2] Who are the top key players in the Portable Generator Market? Ans. Caterpillar, Inc., Cummins, Inc., Yamaha Motor Co., Ltd., Honda Siel Power Products Limited, Kohler Co, and Atlas Copco are the top key players in the Portable Generator Market. 3] Which segment is expected to hold the largest market share in the Portable Generator Market by 2029? Ans. Gasoline segment is expected to hold the largest market share in the Portable Generator Market by 2029. 4] What is the market size of the Portable Generator Market by 2029? Ans. The market size of the Portable Generator Market is expected to reach US $3.11 Bn. by 2029. 5] What was the market size of the Portable Generator Market in 2021? Ans. The market size of the Portable Generator Market was worth US $1.80 Bn. in 2021.
1. Global Portable Generator Market: Research Methodology 2. Global Portable Generator Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Portable Generator Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Portable Generator Market: 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 • South America 3.12 COVID-19 Impact 4. Global Portable Generator Market Segmentation 4.1 Global Portable Generator Market, by Fuel Type (2021-2029) • Diesel • Gasoline • Natural Gas • Others 4.2 Global Portable Generator Market, by Power Rating (2021-2029) • Less than 5kW • 5–10kW • Above 10kW 4.3 Global Portable Generator Market, by End User (2021-2029) • Commercial • Industrial • Residential 5. North America Portable Generator Market (2021-2029) 5.1 North America Portable Generator Market, by Fuel Type (2021-2029) • Diesel • Gasoline • Natural Gas • Others 5.2 North America Portable Generator Market, by Power Rating (2021-2029) • Less than 5kW • 5–10kW • Above 10kW 5.3 North America Portable Generator Market, by End User (2021-2029) • Commercial • Industrial • Residential 5.4 North America Portable Generator Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Portable Generator Market (2021-2029) 6.1. Europe Portable Generator Market, by Fuel Type (2021-2029) 6.2. Europe Portable Generator Market, by Power Rating (2021-2029) 6.3. Europe Portable Generator Market, by End User (2021-2029) 6.4. Europe Portable Generator Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Portable Generator Market (2021-2029) 7.1. Asia Pacific Portable Generator Market, by Fuel Type (2021-2029) 7.2. Asia Pacific Portable Generator Market, by Power Rating (2021-2029) 7.3. Asia Pacific Portable Generator Market, by End User (2021-2029) 7.4. Asia Pacific Portable Generator Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Portable Generator Market (2021-2029) 8.1. South America Portable Generator Market, by Fuel Type (2021-2029) 8.2. South America Portable Generator Market, by Power Rating (2021-2029) 8.3. South America Portable Generator Market, by End User (2021-2029) 8.4. South America Portable Generator Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Portable Generator Market (2021-2029) 9.1 Middle East and Africa Portable Generator Market, by Fuel Type (2021-2029) 9.2. Middle East and Africa Portable Generator Market, by Power Rating (2021-2029) 9.3. Middle East and Africa Portable Generator Market, by End User (2021-2029) 9.4. Middle East and Africa Portable Generator Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 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 Champion 10.15 Himoinsa 10.16 Duromax 10.17 Loncin