As per GMI Research’s latest analysis, Global Portable Generator Market reveals that the market is slated to register a higher CAGR over the upcoming years. This is attributed to the rising electricity use across commercial and residential industries, growing peak hour demand, followed by the regular power outrage.
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Portable Generator Market’s leading Manufacturers:
- Honda Motor Co., Ltd.
- Generac Power Systems, Inc.
- Yamaha Motor Co., Ltd.
- Atlas Copco AB
- Briggs & Stratton, LLC
- Kubota Corporation
- Siemens AG
- Cummins, Inc.
- Kohler Co.
- Honeywell International Inc.
Portable Generator Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global portable generators market is predicted to witness an upsurge in demand during the forecast period due to the rising electricity use across commercial and residential industries, growing peak hour demand, followed by the regular power outrage. Moreover, increasing infrastructural activity, rapid urbanization, and the strong demand for disrupting power supply are some other factors surging the growth of the portable generators market size. Furthermore, lower and mid-price ranges, easy availability of portable generators in smaller capacities, and biofuel powered generators will further accelerate the growth of the portable generators market share in terms of revenue. On the other hand, the factors hindering the growth of the portable generators market include the lack of power generation capacity of portable generators and the growing use of energy storage technologies.
Fuel Segment Drivers
Based on fuel, the market is segmented into diesel, natural gas, gasoline, and others. The gasoline is expected to rise at a faster CAGR over the coming years due to the capability to withstand heavy loads, improved service life, high availability of fuel stations, and less expensive in comparison to other portable generators if utilized for a short period of time.
Power Rating Segment Drivers
Based on power rating, the market is segmented into below 5 kW, 5–10 kW, and 10–20 kW. The 5–10 kW is projected to lead the market due to the strong adoption of these generators for powering commercial and residential devices, such as water pumps, air conditioners, compressors, refrigerators, industrial motors, drills, and high-pressure washers.
Regional Drivers
Based on the region, North America is anticipated to dominate the market during the forecast period due to the rising investment in infrastructure development. In addition to this, improved standard of living, increasing economic development, and the high demand for disrupting power supply will further pay the way for the growth of the market growth. On the other hand, Asia-Pacific is expected to rise at a higher CAGR over the forecast period due to the rising residential and commercial industries in developing countries like India, China, South Korea, and Japan.
Portable Generator Market Segmentation:
Segmentation by Fuel:
- Gasoline
- Diesel
- Natural Gas
- Others
Segmentation by Power Rating:
- Below 5 kW
- 5–10 kW
- 10–20 kW
Segmentation by End-User:
- Residential
- Commercial
- Industrial
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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