The ‘Global Portable Generator Market Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global portable generator market, assessing the market on the basis of its segments like fuel type, power output, application, and major regions.
Portable Generator Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 6%
|Growth Rate CAGR||6%|
|Major Players||Briggs and Stratton Corporation., Cummins Inc., Honda Motor Co., Ltd., Eaton Corporation, Generac Holdings Inc. (Generac Power Systems), KOHLER Co., Yamaha Motor Co., Ltd., KUBOTA Corporation, and Atlas Copco AB, among others.|
The global portable generator market is expected to register growth during the forecast period on account of surging concerns for uninterrupted operations of critical businesses and services. The growing downtime businesses are facing globally due to the increase in weather-related power failures have enhanced the demand for uninterrupted power supplies. Portable generators are constructed to deliver alternating current (AC-based) for non-hardwired as well as standalone appliances.
An upsurge in the usage of electric power in industries like automotive, oil and gas, aerospace and defence, agriculture, and IT and telecommunications are driving the portable generator market growth across the globe. With the increasing adoption of electric vehicles, the demand for electricity is likely to increase and the need for uninterrupted power is likely to grow. Various construction activities use portable generators as adequate power is not always available from power grids at such sites, further enhancing the demand for portable generators.
Portable Generator Industry Definition and Major Segments
Portable generators are devices that are powered by diesel or gas, producing electrical power by moving a turbine, converting combustion energy into electrical power. The power output varies, depending upon the type of portable generator. Easily transportable, power generators can be connected directly with appliances, panels, tools, or extension cords.
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Based on fuel type, the market is segmented into:
• Portable Diesel Generators
• Portable Gas Generators
By power output, the market is classified into:
• Less than 3 kW
• 3-10 kW
• More than 10 kW
On the basis of application, the market is categorised into:
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Portable Generator Market Trends
The surging demand for biofuel powered portable generators is likely to offer an opportunity to market players across the globe during the forecast period. The rising consciousness regarding global warming has encouraged the demand for portable generators that use sustainable fuels such as biofuel which can be used as a direct alternative to diesel.
Geographically, the Asia Pacific region is anticipated to drive the portable generator market growth on account of the high consumption of energy among countries like China and India. The advancing standards of living along with the high demand for energy-powered equipment, lighting, and appliances are further expected to propel the market growth of portable generators across China and India.
The growing construction initiatives in India and China are supported by favourable policies by the governments, encouraging green building campaigns and smart cities. This is likely to propel the portable generator market demand across the Asia Pacific region. The wide prevalence of power outages along with the increasing demand for reliable as well as uninterrupted power supply in developed and emerging nations across the region is expected to push forward the market growth of portable generators over the coming years.
Key Market Players
The major players in the global portable generator market report are:
- Briggs and Stratton Corporation
- Cummins Inc.
- Honda Motor Co., Ltd.
- Eaton Corporation
- Generac Holdings Inc. (Generac Power Systems)
- KOHLER Co.
- Yamaha Motor Co., Ltd.
- KUBOTA Corporation
- Atlas Copco AB
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.