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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.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
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.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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
Impact of Covid-19 and a Looming Global Recession
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)
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
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-
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
GEOGRAPHIC 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: 60
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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
Impact of Covid-19 and a Looming Global Recession
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)
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
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-
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
GEOGRAPHIC 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: 60
Note: Product cover images may vary from those shown
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