Portable Generators Market By Application (Emergency, Prime/Continuous) By Fuel (Gasoline (Petrol), Diesel, Natural Gas) By Power Rating (Below 5 kW, 5–10 kW, 10–20 kW) By End User (Residential, Commercial, Industrial) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The global Portable Generators Market report explores the critical analysis of the portable generators industry using key parameters. The report consists of investment strategies, the need for investments in the portable generators industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the portable generator industry's global technical regulations and how economic and non-economic barriers are helping the market grow. Moreover, the report examines historic and forecasted market sizes at the global, regional, and country levels. The report also includes an in-depth examination of key investment propositions, the demand and supply gap, competitor positioning, SRC analysis, STAR analysis, and Tornado analysis. Important technological advancements and other analyses, including Porter's Five Forces, PESTEL, Value Chain, etc.


Key Highlights of the report

How are the major segments performing in the Portable Generators Market?

The gasoline (petrol) segment led the market in fuel in 2021 and is expected to continue throughout the projection period. Portable gasoline generators are mostly used for short-term, intermittent, or low-load applications. Gasoline is the most common and easiest to obtain fuel, but it is highly flammable and dangerous to store in large quantities. The gasoline (petrol) cost is also somewhat high, and it is typically the least efficient fuel for running a generator, at least over an extended period. It is useful in emergencies, camping, hunting, and other settings. Generators of gasoline (petrol) run more quietly and produce fewer harmful carbon dioxide vapors.

In 2021, the emergency segment held the largest revenue share of the portable generator market by application. Emergency generators are portable power sources used for brief periods during power outages. These generators have an average running time of 10-12 hours with a single tank filling. Portable emergency generators are primarily utilized when natural disasters like storms, torrential rain, and heat waves disrupt the transmission and distribution infrastructure. In developing countries, insufficient power generation infrastructure and poor grid networks have forced small-scale producers and businesses to rely on emergency portable generators.

The 5 - 10 kW segment dominated the global market in terms of power rating in 2021. Portable generators ranging from 5 to 10 kW are used to power devices such as pumps, air conditioners, drills, high-pressure washers, and industrial motors (up to 3 hp). These appliances necessitate more power to operate. They are mostly powered by diesel, natural gas, and propane. The market for these generators is expected to expand due to rising awareness of the importance of in-house power backup and a growing preference for portable powering system applications in outdoor recreational activities.

The residential segment led the end user market in 2021 and is expected to continue throughout the projection period. The unreliability of power grids is attributed to the growth of the residential end-user segment. Besides, areas prone to natural disasters and power outages drive demand for portable generators in the residential end-user segment. Most residential end users rely on portable generators with power ratings of up to 6 kW. These generators are used in homes to power a variety of appliances in times of emergency, including lights, TVs, refrigerators, water pumps, heaters, and air conditioners.

Which region dominated the Portable Generators Market?

The Asia Pacific region dominated the global portable generators market in 2021, owing to an increase in electric power consumption by residential users in nations such as India, China, and Singapore. According to the Energy Information Administration (EIA), Asia-Pacific accounts for nearly 70% of the increase in residential energy consumption. China and India are at the forefront of this consumption due to rising living standards and high demand for energy-consuming appliances, lighting, and equipment. Moreover, the construction sector is expanding in India and China due to government initiatives such as smart cities and green building campaigns. This is expected to support the demand for portable generators throughout the region. Due to increased access to energy sources, India is predicted to experience the fastest relative growth in residential energy usage per person. As a result, the total number of power outages in the residential area will most likely increase the demand for portable generators over the forecast period.

What is the competitive environment of the Portable Generators Market?

The key strategies adopted by the key players in the portable generators market are acquisitions and mergers, product launches, joint ventures, and R&D. For instance, Cummins introduced the QG 2800i and 2500i, 60% quieter RV inverter generators for the recreational vehicle market, in January 2021. They are propelled by liquid propane and gasoline (LP). The Onan QG 2800i and 2500i are inverter-based generator sets with 2.8-kW and 2.5-kW outputs designed primarily for Class B and truck campers. On the other hand, Generac purchased Pika, a manufacturer of home energy storage systems, in May 2019. Pika's capabilities and portable industrial and commercial generators were combined through the acquisition. The company provides backup power products in various regions, including Puerto Rico, where recent disasters have caused power outages.

Executive Summary

What are all technical developments being developed in the Portable Generators Market?

Advanced electronic circuits and high-tech magnets are used in inverter generators. Inverter generators, as opposed to traditional generators, provide clean AC power and are primarily used to power current-sensitive appliances. The global market for portable generators is anticipated to grow over the forecast period due to technological advancements in portable generator design that maximize efficiency. Companies with advanced technical capabilities are more likely to provide subtly subsidized funding for technological advancements. The portable generator market is changing owing to technological advancements and innovations. Ryobi, Honda, DeWalt, Ego Power, and Nexus are among the portable generator market players that have introduced new models with advanced technology. Portable generators are in high demand due to their lightweight, Bluetooth connectivity, reduced noise and engine hassles, and long recharge times. Thus, technological advancements create new opportunities to expand the portable generator market. For instance, Honda released the Honda My Generator Bluetooth App in September 2019, allowing users to start (electric start models only), stop, and regulate critical operations of Honda portable generators via a Bluetooth interface on a mobile phone.

Which are the key investments by the players in the Portable Generators Market?

Rising R&D investments in new portable generators and technological advancements will open up lucrative opportunities for major market players. Various investments are made across the key player. For instance, GAIL India Ltd. announced in March 2020 that it would invest $567.9 billion over the next five years to expand the National Gas Pipeline Grid and city gas distribution network, which will likely increase demand for portable gasoline generators.

Some of the major players in the market are Briggs & Stratton, Atlas Copco, Yamaha, Generac, Honda, Caterpillar, Cummins, Wacker Neuson, Eaton, Honeywell, Siemens, Kubota, Kohler, Champion, Himoinsa, Loncin, and Duromax.

What are the Major Driving Factors for the Portable Generators Market?

The rising demand for power drives the portable generator market revenue due to rapid urbanization and industrialization, the low cost of flammable gas, increased awareness among end users, and interest in continuous power supply. These generators can be used in standby, prime, persistent, and crest shaving applications in various end-use divisions, for example, the modern, manufacturing, and private sectors. Expanding demand for continuous and dependable power supply, establishing social insurance foundations, increased interest in server farms and IT offices, and rapid urbanization in emerging economies are all expected to drive the portable generator market. The growing frequency of weather-related and non-weather-related (aging grid) power outages presents challenges for small and medium-sized businesses, fueling the portable generator market.

What are the Major Risks for the Portable Generators Market?

The limited power age limit is a significant impediment to the portable generator market. Besides, increasing transmission and distribution usage in major developing countries may hinder the development of the portable generator market during the forecast period. Portable generator emission efficiency is governed by federal, state, and municipal regulations. Environmental regulations that limit carbon emissions are a major impediment to market expansion.

Which is the key End User in the Portable Generators Market?

In 2021, the residential segment led the end-user market, which is expected to continue throughout the forecast period. Portable generators are used in the residential sector for picnics, family gatherings, and camping. Rising consumer preference for emergency backup solutions during a power outage will boost product demand across residential applications. The popularity of portable generators can be attributed to their lower price index and multi-use capacity, which are suitable for a wide range of end-user requirements. Recurrent power outages to meet peak hour demand and increasing end-user awareness of emergency preparedness will complement the business scenario.

How is the Portable Generators Market performing in regions?

The Asia Pacific region dominated the global portable generators market in 2021, attributed to the region's growing economy and technological advancement. The region's growing industrialization, urbanization, and demand for and use of portable generators are the main drivers of market expansion. Furthermore, various government initiatives to develop the residential sector in nations such as India and China are expected to drive market growth during the forecast period. In India, for instance, the central government plans to build 20 million affordable houses in urban areas across the country through the Pradhan Mantri Awas Yojana. The demand for portable generators among households in such cities is anticipated to rise, which is anticipated to spur market expansion.

Besides, after the Asia Pacific, North America is the world's second-largest consumer and producer of electricity. The portable generator market is dominated by the United States and Canada, among the largest consumers in this region and globally. Natural gas network penetration, Power outages, and high peak-time electricity costs are expected to propel the market in this region. The increasing severity and frequency of weather-related disasters and aging grid infrastructure are also expected to drive regional market growth.

What is the regulatory landscape for the Portable Generators Market?

There are numerous commercial, residential, and industrial uses for portable generators. Diesel generators release carbon monoxide, nitrogen oxides, and particulate matter when they burn the fuel. Numerous regulations have been implemented worldwide to reduce air and noise pollution caused by generator sets. Each country has developed regulations and policies to reduce air pollution with growing environmental concerns. For instance, Nitrogen oxide and hydrocarbon emissions from a diesel generator with up to 19 kW of power should not go over 7.5 g/kW h, according to CPCB. The amount of carbon emitted into the atmosphere by generators is regulated by environmental agencies such as India's Central Pollution Control Board (CPCB), the United States Environmental Protection Agency (EPA), and the European Environmental Agency. Furthermore, every portable generator manufacturer, importer, and assembler must have a Type Approval Certificate for each generator.

What is the Market Size of the Portable Generators regarding value?

The global portable generators market is anticipated to grow at a substantial CAGR of 6.5% in the upcoming years. The global portable generators industry was estimated to be worth USD 1.6 billion in 2021 and was expected to be worth USD 2.33 billion by 2028.

What are the major players planning for the future of the Portable Generators Market?

Advances in digital technology are enabling effective operational maintenance, efficient production, portfolio expansion, and sales monitoring in the portable generator market. Increasing disposable incomes in developing countries that are developing quickly, decentralized networks, intelligent automation, and proliferation of demand for smart storage are some key market developments. As environmental concerns grow, using additional equipment with a portable generator is one of the new global market trends. This includes the modification of conventional generators. These machines are part of the engineering transition from analog to digital functions. New generators, such as the Wen 3800 and Wen 56200i, are popular. Another trend is the development of fuel-efficient generators that produce more power while using less fuel. The companies are employing next-generation mufflers and more refined engines that produce more power while using less fuel. This is true for diesel-powered portable generators, which also have a low maintenance cost.

Segmentation of Global Portable Generators Market -

Global Portable Generators Market – By Application

  • Emergency
  • Prime/Continuous

Global Portable Generators Market – By Fuel

  • Gasoline (Petrol)
  • Diesel
  • Natural Gas

Global Portable Generators Market – By Power Rating

  • Below 5 kW
  • 5–10 kW
  • 10–20 kW

Global Portable Generators Market – By End User

  • Residential
  • Commercial
  • Industrial

Global Portable Generators Market – By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global Portable Generators Market

The portable generators market also suffered from the COVID-19 pandemic, which resulted in a decline of over 3.1% in revenue generated in 2020.

The Asia Pacific accounted for the highest share in the global portable generators market regarding value and volume.

The key factors driving market growth are power outages, increasing urbanization and industrialization, and technological advancement.

Gasoline (Petrol) had a major share in 2021, with more than 52% of the market revenue share. Besides, the natural gas tablet is projected to witness the fastest growth.

Emergency had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Portable Generators Market Scope

Report Attribute Details
Market Value in 2021 USD 1.6 billion
Market Value in 2028 USD 2.33 billion
CAGR 6.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Sep 2022
Category:  Semiconductor & Electronics
Report ID:   60666
Report Format:   PDF
Pages:   130
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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