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Portable Generators - Global Market Trajectory & Analytics

  • ID: 4805719
  • Report
  • April 2021
  • Region: Global
  • 554 Pages
  • Global Industry Analysts, Inc
The global market for Portable Generators is projected to reach US$2.8 billion by 2025, driven by the growing economic value of power quality and reliability against the backdrop of electrification, digitalization and automation all of which are reliant on power quantity, quality, and availability. Consumers, businesses and society in general are hugely reliant on electricity so much so that a country’s economic health depends upon electricity reliability. With electricity being the feedstock for the digital economy, power outages have devastating impact on companies and the economy. With the frequency and severity of power outages growing at an alarming rate the world over due to aging energy infrastructure and electricity networks, there is strong need for uninterrupted and reliable power supply for flawless functioning of modern digital equipment omnipresent in virtually every industry including residential/consumer, enterprise IT, industrial, commercial, telecom and datacenter environments. The world’s energy infrastructure is aging. Built during the beginning of the industrial revolution power generation utilities and distribution and transmission networks are aging especially in developed economies such as the United States and countries in Europe. In the U.S particularly, over 80% of power transmission lines and transformers are over 28 years old, highlighting creaking infrastructure as the biggest threat to stable and reliable energy supply. Similarly in Australia over 35% of coal fired power plants are aged over 45 years. Evidence of the crumbling infrastructure can be found in power transmission losses; grid breakdowns; rolling blackouts; inability to meet rising energy demand; and in the inability of aging infrastructure to withstand increasingly hostile weather conditions such as hurricanes, flooding, sea level rise and wildfires, among others. Under this scenario, addressing power-quality and electricity-reliability issues is a key concern of governments and is also the priority for industries to ensure optimum paybacks on their capital investments.

Governments’ worldwide are waking up to the necessity of upgrading the energy infrastructure to remain globally competitive; achieve energy security goals; reduce economic losses caused by Customer Minutes Lost (CML) due to power interruptions; and achieve energy sustainability targets. However, governments’ commitment to upgrade infrastructure is limited by budgetary deficits and lack of funds. In the United States, replacement cost of coal fired plants, transformers, and power lines will cost over US$890, US$1,580 and US$510 billion dollars respectively. Businesses and consumers are therefore investing in backup power solutions. Benefits of portable power generators for businesses and consumers include flexibility and plug and use benefits; ease-of-use; provides emergency power wherever and whenever needed; enables uninterrupted operation of business operations; protects sensitive equipment against voltage fluctuations in the power grid safeguard. Diesel generators are growing in demand as they the most fuel-efficient, cost-effective and reliable units available which have the added advantage of lower maintenance requirements. The United States and Europe represent large markets worldwide with a combined share of 48.1% of the market. China ranks as the fastest growing market with a CAGR of 6.1% over the analysis period. Growth in the country is inspired by the growing number of smart homes and expanding manufacturing industry which is worst affected by power outages.

Select Competitors (Total 69 Featured):
  • Atlas Copco AB
  • Briggs & Stratton Corporation
  • Caterpillar, Inc.
  • Champion Power Equipment
  • Eaton Corporation PLC
  • Generac Power Systems, Inc.
  • Honda Motor Co., Ltd.
  • Honeywell International, Inc.
  • Kohler Co.
  • Kubota Corporation
  • Siemens AG
  • Wacker Neuson SE
  • Yamaha Motor Co., Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • A Prelude to PorTable Generators
  • PorTable Generators: Global Growth Prospects and Outlook
  • Diesel Generators Dominate the Market
  • Gasoline Generators to Witness the Fastest Growth
  • Prime/Continuous Power Generators to Grow at the Fastest Rate
  • Residential Sector: Largest End-Use Market
  • Demographics & Societal Developments Accelerate Demand for PorTable Residential Generators
  • Major Demand Drivers for Residential Generators (2016 & 2030): Urban Population, Middle Class, and Single Person Households
  • Replacement Demand to Sustain Demand for Residential Generators in Mature Developed Markets
  • Growing Investments in Smart Homes Drive Strong Business Case
  • Global Smart Homes Market by Category in US$ Billion for the Years 2018, 2020 and 2022
  • Number of Smart Homes Worldwide (in ‘000 Households) by Select Country for Years 2015 & 2020
  • US Dominates, Asia-Pacific to Witness Fastest Market Growth
  • Top 10 PorTable Generator Models: 2019
2. FOCUS ON SELECT PLAYERS
  • American Honda Motor Co., Inc. (US)
  • Atlas Copco AB (Sweden)
  • Briggs & Stratton Corporation (US)
  • Caterpillar, Inc. (US)
  • Champion Power Equipment, Inc. (US)
  • Cummins, Inc. (US)
  • Generac Power Systems, Inc. (US)
  • Harrington Generators International Ltd. (UK)
  • Kohler Co. (US)
  • Multiquip Inc. (US)
  • Wacker Neuson Corporation (US)
  • Winco Inc. (US)
  • Yamaha Motor Co., Ltd. (Japan)
  • Yanmar Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
  • Increasing Number of Weather-related Power Outages
  • Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
  • Weather-related Power Outages in Recent Years
  • Total Service Lost (in Million Customer Hours) from Recent Power Outages Due to Storms in the US: As of April 2018
  • List of Major Power Outages That Affected Global Power Supply for 2015 & 2016
  • Impact of Heat Waves on Grid Stability
  • Impact of Severe Weather on Security Systems
  • Detroit Gears Up to Enhance Power Grid Security
  • Rising Demand for PorTable and Onsite Generators
  • Exponential Increase in Global Population, and Heavily Burdened Electric Power Infrastructure Benefit Market Expansion
  • World Population by Geographic Region (2000-2050) (in Millions)
  • Exhibit 1: Projected Global Demand for Primary Energy (M Toe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Average Age of Electricity Plants in the United States as Percentage (%) of Total Energy Generation Capacity: 2016
  • Global Economic Environment Influences Demand Dynamics in the PorTable Generators Market
  • Exhibit 2: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Exponential Increase in Urbanization Rate: A Mega Trend Favoring Market Expansion
  • World and Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Need for Continuous Power Supply Drive Widespread Adoption of PorTable Generators
  • Rise in Construction Activity to Drive Market Growth-
  • Exhibit 3: Projected Increase in Construction Investments Favors PorTable Generators Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Technological Advancements Drive PorTable Generators
  • Select Top PorTable Generators with Wireless Remote Start Functionality
  • Increasing Demand for Biofuel PorTable Generators
  • Growing Popularity of Automatic, Intelligent, and Smart Generators Drive Healthy Market Growth
  • Advanced Technology and Connectivity Make Residential Generators Smarter
  • Automatic Generators Integrated with Smart Technologies
  • Evolving Smart Cities Necessitates Continuous Power Supply, Driving the Demand for PorTable Generator
  • Global Spending on Smart City Infrastructure by End-Use (2017 & 2020): Breakdown of Spend (Hardware, Software, and Services) in US$ Billion for Buildings & Homes, Education, Industry Automation, Power Supply, Security, and Others
  • Number of Smart Cities Worldwide (2013-2020)
  • Select Product Innovations and Launches
  • Stringent Environmental Regulations to Limit Carbon Emissions Restrain Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 69
Note: Product cover images may vary from those shown
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