Portable Generator Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by power type, fuel type, end user

Portable Generator Market Overview

A portable generator is a mobile power generation device. It is designed to simply move and use in different locations. Portable generator comprises of an internal combustion engine fueled by gasoline or propane and an integrated generator system. These generators are available in a range of sizes and power capacities to cater to distinct operational requirements.

 

The key driving factors for portable generator market such as harsh weather conditions, rising population and increasing popularity of outdoor activities are analysed in the report. The growing opportunities in portable generator market like in Small and Medium-Sized Enterprises (SMEs), residential and increasing energy needs are also highlighted in the report. Residential, being the most promising end user, is expected to grow up to 45%. Application in commercial and industries are contributing to the growing demand of portable generator market. New technological advancement in portable generator done by companies like Honda, Cummins, Atlas Copco and Himoinsa have enabled generating with Digital Controls, Exhaust Gas Recirculation (EGR) and Selective Catalytic Reduction (SCR) and Sound Attenuation.

 

Stellar market research conducted the analysis of portable generator market over past 5 years and by using the data, came to a conclusion that APAC dominated the global portable generator market with 51% market share and is expected to continue its dominance during the forecast period. The dominance is supported by companies like China Datang Corp, China Energy Investment Corp Ltd, Hanwha Corp   and POSCO Energy Co. Ltd which majorly operates in China and South Korea. North America and Europe are also expected to contribute significantly to the growing demand of portable generator market, as mentioned below in the report.

Portable Generator Market Dynamics

The need for uninterrupted power supply is necessary for industries, corporations and for education as well. The report has identified the primary reasons for power blackouts. Rising frequency of natural disasters like hurricanes, earthquakes, and wildfires, coupled with faults in the power grid, there is surge in demand for uninterrupted reliable power supply, and to cater the rising demand, portable generators are gaining popularity. According to research conducted by StellarMR, Businesses in America incur around 120-140 billion dollar loss due to power blackouts.

 

The portable generator market exhibits diverse applications covering commercial, industrial, and residential sectors. Residential sector dominates the portable generator, driven by increasing power demand globally due to factors such as urbanization and population growth. Portable generators are important for supplying backup power in residential settings during power cut. Portable generators ensure that refrigerators, sump pumps, and HVAC systems keep running, preventing food spoilage and averting potential flooding. Generators are also used for camping, outdoor events, and tailgating. Generac Power launched Generac GP7500E, which have 9400 starting watt and 7500 running watt, which are important for household applications.

 

Portable generators play an important role in hospitality sector as generators are important during emergencies by maintaining the functionality of critical medical equipment, lighting, and life support systems. This ensures the uninterrupted operation of essential healthcare services, contributing to the safeguarding of patient health and safety. The commercial and industrial segments also significantly contribute to the portable generator market, propelled by the imperative for reliable backup power solutions during natural disasters and power disruptions. Insights regarding various residential applications as well as industrial and commercial are mentioned in the report.

 

Regulation Impact on Portable Generator

Regulation impact on the overall portable generator is detailed in the report. Few regulation insights such as in the United States, the Environmental Protection Agency (EPA) establishes emissions standards to reduce air pollution from portable generators. The Occupational Safety and Health Administration (OSHA) outlines guidelines for the secure use of these generators in workplaces. In China, regulations for portable generators fall under environmental protection laws and safety standards. It is crucial for manufacturers, sellers, and users of portable generators to stay informed about and adhere to the relevant regulations. This ensures both environmental preservation and public safety.

 

Portable Generator Market Segment Analysis

By Fuel type, the gasoline fuel type segment dominates in Portable Generator Market and is expected to grow at a CAGR of 7% during the forecast period. Gasoline generators serve as convenient and portable power sources, supporting the operation of various equipment—from household appliances to construction tools. They are valued as reliable backup power solutions for residential homes, vacation properties, and commercial buildings. Homeowners find Gasoline generators appealing because they are used in diverse settings, including construction projects, household applications and activities like picnics and research expeditions, contributing to the growth of portable generator market.

 

By power type, The Portable Generator Market is categorized by power type, including Low Power (Below 2 kW), Medium Power (2 kW to 5 kW), High Power (5 kW to 15 kW), and Very High Power (Above 15 kW). Each segment caters to diverse consumer needs and applications. Low Power holds a substantial market share due to its popularity for lightweight applications and recreational use. Low power Portable generators are incorporating smart technologies for remote monitoring, control, and diagnostics. North America dominated by companies such as Generac and Cummins, using technological advancements caters to diverse Low power generator needs.

 

Medium Power Shows steady growth, driven by versatile applications in residential and small-scale commercial settings. Whereas, High Power Commands a significant market share, particularly in the construction and mid-sized business sectors. Emergence of hybrid generators combining traditional fuels with renewable energy sources for enhanced efficiency. Very High Power Represents a niche market catering to industrial and large-scale commercial demands. Brief details regarding various power types in Portable Generator market is provided in report.

 

Portable Generator Market Competitive Landscape

In Feb 2023, Caterpillar Launches New “XQ330 Mobile Generator”, an innovative power solution designed for both standby and prime power applications. This generator set complies with the U.S. EPA Tier 4 Final emission standards, ensuring environmental compliance. Prominent Portable generator player Platinum Equity agreed to acquire Kohler's generators division.

 

Cummins plans to invest around 1 Billion USD across its diverse power generation portfolio, which includes portable generator as well. Cummins recently introduced new portable generator sets, The C1760D5, C1875D5, and C2000D5B model.

 

In December 2023, Generac announced a minority investment in Wallbox, which has diverse portable generator line, including the GP15500EFI and GP18000EFI, the largest wattage offerings to date.

 

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Global Portable Generator. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as expected market size and trends. The analysis examines all areas of the industry, with a focus on significant companies such as market leaders, followers, and newcomers.

 

The research includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favourable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry.

 

The research also aids in comprehending the Global Portable Generator dynamics and structure by studying market segments and forecasting market size.

 

The research is an investor's guide since it clearly depicts competitive analysis of major competitors in the Global Portable Generator by product, price, financial situation, product portfolio, growth plans, and geographical presence.

 

Portable Generator Market Scope
Market Size in 2023	USD 2.5 Bn.
Market Size in 2030	USD 3.76 Bn.
CAGR (2024-2030)	6%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Fuel Type Diesel Gasoline Natural Gas Others
	By power type Low Medium High Very High
	By end user Commercial Industrial Residential
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Portable Generator Market Key Players:

• Generac Holdings Inc.
• Briggs and Stratton LLC
• Caterpillar, Inc.
• Cummins Inc.
• Deere and Co.
• Honeywell International Inc.
• Kohler Co.
• Atlas Copco AB
• KAZANCI HOLDING
• Eaton Corp. Plc
• Siemens AG
• Wacker Neuson SE
• JCB Power Products
• Perkins Engines Company Limited
• Doosan Corp.
• H.S. ENGINEERS
• Himalayan Power Machines Co.
• Honda Motor Co. Ltd.
• ITOCHU Corp.
• Kirloskar Oil Engines Ltd.
• Skyline Power Solutions
• Yamaha Motor Co. Ltd.
• Yanmar Holdings Co. Ltd.
• Atlas Copco (India) Ltd.