Report Code: CMI16607

Published Date: July 2022

Pages: 220+

Category: Industrial Automation And Equipment

Report Snapshot

CAGR: 5%
4.4B
2021
5.2B
2022
7B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Atlas Copco
  • Briggs & Stratton
  • Generac
  • Honda
  • Yamaha
  • Others

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Reports Description

The global Portable Generator market size was estimated at USD 4.4 billion in 2021 and is expected to reach USD 5.2 billion in 2022, and is anticipated to reach around USD 7 billion by 2030, growing at a CAGR of roughly 5% between 2022 and 2030. Our research report offers a 360-degree view of the Portable Generator market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Portable Generator market.

Portable Generator Market: Overview

Energy and power are essential for a nation’s economic growth. However, a number of these economies still lack adequate grid infrastructure. The inadequate power supply significantly impacts small and medium-sized enterprises (SMEs) and reliable power supply in the event of a blackout. Chronic outages, a lack of power supply, shifting consumer preferences, and ongoing infrastructure development will shape the Portable Generator s market trends globally over the next few years.

Portable Generator Market: COVID–19 Impact Analysis

Public curfews and restrictions on work-related travel imposed due to the COVID-19 pandemic interrupted industry activities across all sectors. Market statistics are expected to boost due to the expanding digital revolution brought on by technical advancements and industrial automation. The market for Portable generators s is anticipated to boost as businesses and homes need more electricity.

Many industries implemented a work-from-home strategy to operate remotely since the lockdown in the first half of 2020, increasing domestic electricity demand. A few nations lacked the round-the-clock electricity requirement for nine-hour home jobs. It increased the demand for Portable generators s and is expected to keep growing.

The qualitative and quantitative components of the market are examined throughout the research report. Both supply and demand are examined. The demand side study contrasts market income between various geographic areas and nations. The supply-side research examines the presence and strategies of significant competitors on a regional and global scale. In-depth research has been done on North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

Portable Generator Market: Growth Drivers

Rising Power Outages and Ageing Power Grids

Aging grid infrastructure is more challenging than power outages, as electricity transmission and distribution infrastructure act as a backbone of the power sector in any country. 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 nations, transmission and distribution networks were built quite some time ago, and even with routine maintenance, the infrastructure will eventually deteriorate over time. The NARUC in the US estimates that coal, gas, and nuclear power plants can operate effectively for about 40 years. The life cycle of grids is reaching the end attributed to which economies, such as the US, Germany, and the UK, have been focusing on the replacement and modernization of their aging power infrastructure.

Furthermore, severe weather is also anticipated to fuel the growth of the Portable Generator s market. For instance, the electrical system in the US is susceptible to unplanned and frequent power outages. Thus, growing consumer awareness of emergency preparedness and rising expenditures on backup power solutions will both support market growth.

According to the DoE and the NERC, a system that can handle unpredictable power outrages is the only way to guarantee uninterrupted power. Given that the average length of US power outages is over an hour and that number has been progressively rising over the past several years, the US experiences more blackouts than any other developed nation. The annual cost of these outages to American enterprises is almost USD 150 billion.

The Surge in Adoption of Low-Cost Generators

The market for Portable generators s is expected to boost along with the demand for power backup facilities, low-cost, diesel-fueled, natural gas-fueled, and increased consumer awareness of Portable generators s. However, the short duration of power supply and strict environmental laws regarding the emission of harmful gases from diesel generators may act as restraining factors.

Global Portable Generator Market 2023 –2032 (By Power Output)

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Portable Generator Market: Segmentation Analysis

In our research scope, the Portable Generator market is segmented into fuel, power output, and application. By fuel, the gasoline segment is estimated to hold the largest market share in 2021. Portable gasoline generators are commonly employed for short-term, irregular, or low-load applications. Gasoline is the most widely used and convenient fuel, although it is extremely flammable and dangerous to store in large quantities. Moreover, gasoline (petrol) is expensive, and it often uses the least amount of fuel to power a generator, at least for extended periods. It is employed in various emergencies, camping, and hunting. Generators powered by gasoline (petrol) operate more quietly and emit fewer dangerous carbon dioxide fumes.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 4.4 Billion
Projected Market Size in 2030 USD 7 Billion
CAGR Growth Rate 5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Atlas Copco, Briggs & Stratton, Generac, Honda, Yamaha, Caterpillar, Cummins, Eaton, Honeywell, Siemens, Wacker Neuson, Kubota, and Others
Key Segment By Type123, By Application123, By End-User123, and By Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

  • As per the analysis shared by our research analyst, the Portable Generator market is estimated to grow annually at a CAGR of around 5% over the forecast period (2022-2030).
  • In terms of revenue, the Portable Generator market size was valued at around USD 4.4 billion in 2021 and is projected to reach USD 7 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on fuel segmentation, the gasoline segment was predicted to show maximum market share in the year 2021.
  • Based on power output segmentation, the 5kW-10kW segment was the leading revenue-generating category in 2021.
  • Based on application segmentation, the residential segment was the leading revenue-generating category in 2021.
  • On the basis of region, the North America region was the leading revenue generator in 2021.

Global Portable Generator Market 2023 –2032 (By Billion)

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Recent Development

  • June 2022: Honda Power Sports & Products unveiled Honda EU3200i, Super Quiet EU Series portfolio. Compared to the Honda EU3000i Handi generator, the high-output Honda EU3200i offers more power and convenience in a small, portable form.
  • January 2021: Cummins introduced the QG 2800i and 2500i generators for the recreational vehicle industry, which are 60% quieter RV inverter generators. Fuel and liquid propane can be used to power these generators. 2.8 kW and 2.5 kW inverter-based generator sets, the Onan QG 2800i and 2500i are designed particularly for Class B and truck campers

Regional Landscape

In 2021, the North American region dominated the Portable Generator market. The US, Canada, and Mexico are included in the North American region. After the Asia Pacific, North America is the region that consumes and produces the most electricity. US and Canada accounted for the largest portion of revenues generated by the Portable Generator market. The Portable Generator market in these regions is anticipated to be driven by power disruptions, the expansion of the natural gas network, and high peak electricity rates.

In addition, the US Department of Energy reports that 72.0% of the country’s electricity infrastructure is older than 25 years old and is rapidly approaching the end of its useful life span. By 2025, all sectors of the nation’s infrastructure are anticipated to receive USD 1 trillion in investments.

Global Portable Generator Market 2023 –2032 (By Application)

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Competitive Landscape

The leading manufacturers implement a variety of strategies, including acquisitions and mergers. The leading players also employ new product launches and focus on ongoing technological breakthroughs in their strategy. By investing in R&D, the businesses are also attempting to hold the market share.

Our report offers both quantitative and qualitative insights into the Portable Generator market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global Portable Generator market is segmented as follows:

By Fuel

  • Gasoline
  • Diesel
  • Others

By Power Output

  • More than 10kW
  • 3-10kW
  • Less than 3kW

By Application

  • Domestic
  • Industrial
  • Commercial

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Portable Generator Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Portable Generator Market: snapshot
  • Chapter 3. Global Portable Generator Market – Industry Analysis
    • 3.1 Portable Generator Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Power Outages and Ageing Power Grids
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Fuel
      • 3.7.2 Market attractiveness analysis By Power Output
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Portable Generator Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Portable Generator Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Portable Generator Market – Fuel Analysis
    • 5.1 Global Portable Generator Market overview: By Fuel
      • 5.1.1 Global Portable Generator Market share, By Fuel, 2021 and 2030
    • 5.2 Gasoline
      • 5.2.1 Global Portable Generator Market by Gasoline, 2022 – 2030 (USD Billion)
    • 5.3 Diesel
      • 5.3.1 Global Portable Generator Market by Diesel, 2022 – 2030 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Portable Generator Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Portable Generator Market – Power Output Analysis
    • 6.1 Global Portable Generator Market overview: By Power Output
      • 6.1.1 Global Portable Generator Market share, By Power Output, 2021 and 2030
    • 6.2 More than 10kW
      • 6.2.1 Global Portable Generator Market by More than 10kW, 2022 – 2030 (USD Billion)
    • 6.3 3-10kW
      • 6.3.1 Global Portable Generator Market by 3-10kW, 2022 – 2030 (USD Billion)
    • 6.4 Less than 3kW
      • 6.4.1 Global Portable Generator Market by Less than 3kW, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Portable Generator Market – Application Analysis
    • 7.1 Global Portable Generator Market overview: By Application
      • 7.1.1 Global Portable Generator Market share, By Application, 2021 and 2030
    • 7.2 Domestic
      • 7.2.1 Global Portable Generator Market by Domestic, 2022 – 2030 (USD Billion)
    • 7.3 Industrial
      • 7.3.1 Global Portable Generator Market by Industrial, 2022 – 2030 (USD Billion)
    • 7.4 Commercial
      • 7.4.1 Global Portable Generator Market by Commercial, 2022 – 2030 (USD Billion)
  • Chapter 8. Portable Generator Industry – Regional Analysis
    • 8.1 Global Portable Generator Industry Regional Overview
    • 8.2 Global Portable Generator Industry Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Portable Generator Industry, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Portable Generator Industry, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Portable Generator Industry, by Fuel, 2022 – 2030
      • 8.4.1 North America Portable Generator Industry, by Fuel, 2022 – 2030 (USD Billion)
    • 8.5 North America Portable Generator Industry, by Power Output, 2022 – 2030
      • 8.5.1 North America Portable Generator Industry, by Power Output, 2022 – 2030 (USD Billion)
    • 8.6 North America Portable Generator Industry, by Application, 2022 – 2030
      • 8.6.1 North America Portable Generator Industry, by Application, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Portable Generator Industry, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Portable Generator Industry, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Portable Generator Industry, by Fuel, 2022 – 2030
      • 8.8.1 Europe Portable Generator Industry, by Fuel, 2022 – 2030 (USD Billion)
    • 8.9 Europe Portable Generator Industry, by Power Output, 2022 – 2030
      • 8.9.1 Europe Portable Generator Industry, by Power Output, 2022 – 2030 (USD Billion)
    • 8.10 Europe Portable Generator Industry, by Application, 2022 – 2030
      • 8.10.1 Europe Portable Generator Industry, by Application, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Portable Generator Industry, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Portable Generator Industry, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Portable Generator Industry, by Fuel, 2022 – 2030
      • 8.12.1 Asia Pacific Portable Generator Industry, by Fuel, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Portable Generator Industry, by Power Output, 2022 – 2030
      • 8.13.1 Asia Pacific Portable Generator Industry, by Power Output, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Portable Generator Industry, by Application, 2022 – 2030
      • 8.14.1 Asia Pacific Portable Generator Industry, by Application, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Portable Generator Industry, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Portable Generator Industry, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Portable Generator Industry, by Fuel, 2022 – 2030
      • 8.16.1 Latin America Portable Generator Industry, by Fuel, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Portable Generator Industry, by Power Output, 2022 – 2030
      • 8.17.1 Latin America Portable Generator Industry, by Power Output, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Portable Generator Industry, by Application, 2022 – 2030
      • 8.18.1 Latin America Portable Generator Industry, by Application, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Portable Generator Industry, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Portable Generator Industry, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Portable Generator Industry, by Fuel, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Portable Generator Industry, by Fuel, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Portable Generator Industry, by Power Output, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Portable Generator Industry, by Power Output, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Portable Generator Industry, by Application, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Portable Generator Industry, by Application, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Atlas Copco
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Briggs & Stratton
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Generac
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Honda
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Yamaha
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Caterpillar
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Cummins
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Eaton
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Honeywell
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Siemens
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Wacker Neuson
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Kubota
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments

List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the Global Portable Generator Market:

  • Atlas Copco
  • Briggs & Stratton
  • Generac
  • Honda
  • Yamaha
  • Caterpillar
  • Cummins
  • Eaton
  • Honeywell
  • Siemens
  • Wacker Neuson
  • Kubota
  • Others

FAQs

“North America” region will lead the global Portable Generator market during the forecast period 2022 to 2030.

The market for portable generators is expected to boost along with the demand for power backup facilities, low-cost, diesel-fueled, natural gas-fueled, and increased consumer awareness of portable generators.

The key players operating in the Portable Generator market are Atlas Copco, Briggs & Stratton, Generac, Honda, Yamaha, Caterpillar, Cummins, Eaton, Honeywell, Siemens, Wacker Neuson, Kubota, and Others.

The global Portable Generator market is expanding growth with a CAGR of approximately 5% during the forecast period (2022 to 2030).

The global Portable Generator market size was valued at USD 4.4 billion in 2021 and it is projected to reach around USD 7 billion by 2030.

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