Quick Summary:
In the realm of diverse energy solutions, the growth of the global portable generator market is indispensable. The capacity of portable generators to directly power essential appliances makes them incredibly useful across a spectrum of industries, from residential to commercial and infrastructure - a major contributing factor to its market growth. Convenient, cost-effective and mobile, these gas and diesel-powered units are your paramount solution for emergencies and power outages, ensuring an uninterrupted flow of electricity to essential systems.
Market opportunities are ripe for the portable generator industry, fuelled by scenarios including rapid urbanization, increased global population, growing instances of unpredictable natural calamities, and a rising frequency of power grid failures. The ever-growing utilization of these generators in the construction sector to facilitate various power tools also adds to a favourable market outlook. Increasing environmental concerns and a shift towards gas-fueled generators have resulted in a stimulated market growth, while leading players continue to innovate, focusing on portable generator models that boast enhanced flexibility and durability.
In an era of fluctuating energy demands and emerging technologies, this indispensable research report offers profound insights into the global portable generators market – a vital tool for entrepreneurs, investors, researchers, consultants, business strategists, and all stakeholder groups involved in the portable generator market.
A portable generator is a gas and diesel-powered backup device that provides a temporary power supply for non-hardwired and stand-alone applications. It comprises numerous components, including an alternator, starter, fuel tank, outlets, and internal combustion engine, which are mounted onto a single metal frame. It directly powers electrical appliances like fridges, fans, bulbs, televisions (TVs), and refrigerators and provides electricity during emergency power outages. As it is cost-effective and mobile and can be shifted from one place to another, a portable generator is used across various industries worldwide.
Portable Generator Market Trends:
The increasing global population, rapid urbanization, and the rising frequency of power grid failures are catalyzing the demand for portable generators to facilitate uninterrupted electricity supply. In addition, the growing utilization of these generators in the construction industry to facilitate the proper functioning of power tools, air compressors, saws, drills, and paint sprayers is also creating a positive market outlook. Furthermore, the increasing occurrence of natural calamities, such as earthquakes, tsunamis, floods, and volcanic eruptions, disrupt the natural grid infrastructure. This, in turn, is increasing the sales of portable generators to provide electricity for rescue operations. Apart from this, the escalating demand for low-cost and diesel-fueled generators, along with shifting consumer preferences for natural gas-fueled generators due to increasing environmental concerns, is stimulating market growth. Moreover, leading market players are focusing on introducing variants with enhanced flexibility and durability, which is expected to propel the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global portable generator market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on fuel type, application, and power output.Breakup by Fuel Type:
- Portable Diesel Generators
- Portable Gas Generators
- Others
Breakup by Application:
- Residential
- Commercial
- Industrial
- Infrastructure
Breakup by Power Output:
- Less than 3 kW
- 3-10kW
- More than 10kW
Regional Insights:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the industry has also been examined, with some of the top portable generator companies in the market are:- Briggs & Stratton Corporation
- Cummins, Inc.
- Honda Motor Co., Ltd.
- Eaton Corporation PLC
- Generac Power Systems, Inc.
This report provides a deep insight into the global portable generator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the portable generator market in any manner.
Key Questions Answered in This Report:
- How has the global portable generator market performed so far and how will it perform in the coming years?
- What are the key regions in the global portable generator market?
- What has been the impact of COVID-19 on the global portable generator market?
- Which are the various types of fuel in the global portable generator market?
- What are the key application segments in the global portable generator market?
- What are the major power output segments in the global portable generator market?
- What are the various stages in the value chain of the global portable generator market?
- What are the key driving factors and challenges in the global portable generator market?
- What is the structure of the global portable generator market and who are the key players?
- What is the degree of competition in the global portable generator market?
- How is portable generator manufactured?
What is the estimated value of the Global Portable Generator Market?
What is the growth rate of the Global Portable Generator Market?
What is the forecasted size of the Global Portable Generator Market?
Who are the key companies in the Global Portable Generator Market?
Report Attribute | Details |
---|---|
No. of Pages | 139 |
Published | July 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 4.9 Billion |
Forecasted Market Value ( USD | $ 7.2 Billion |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Briggs & Stratton Corporation
- Cummins Inc.
- Honda Motor Co. Ltd.
- Eaton Corporation PLC
- Generac Power Systems Inc.
Methodology
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