Portable Generator Market, By Application (Prime/Continuous, Emergency), By Based on Fuel (Gasoline (Petrol), Diesel, Natural Gas, Others (LPG, Propane, and Biodiesel)), By Power Rating (Below 5 kW, 5–10 kW, 10–20 kW), By End User (Residential, Commercial, Industrial), By Region Analysis - Global Analysis and Industry Forecast Report Till 2030.

Portable Generator Market is poised to grow from $2.02 billion to $3.05 billion, at a CAGR of 6.05% in terms of revenue during the forecast period.

Electricity is produced by portable generators for household usage, commercial, and industrial settings. The market's top suppliers have adopted product launches as their primary growth strategy to capture a sizeable market share, broaden their offering of goods and services, and sustain fierce competition. Businesses have also used partnership tactics for innovation, operational performance enhancement, and the introduction of new technologies.

Alternating current (AC-based) is what portable generators are designed to deliver for freestanding and non-hardwired applications. An increase in the number of weather-related power outages has led to an increase in the need for uninterrupted power supply as a result of the growing amount of business downtime experienced globally. This is a significant driver of product demand.

The constantly expanding construction industry is another factor driving market expansion, as is the rising popularity of portable generators. The construction industry makes extensive use of power equipment of all sizes, such as drills, motors, compressors, and air hammers. The majority of new building projects, where the majority of the work is done at night and in circumstances where access to electricity from power grids is not possible, rely heavily on portable generators.

Market Dynamics:

 Drivers:

Millions of people around the world do not have access to electricity due to a lack of grid infrastructure. The combination of rapid population growth increases energy demand and inadequate energy infrastructure primarily affects emerging economies. The use of portable generators for reliable power supply by housing communities, apartments, businesses and small businesses has improved the prospects for the portable generator market.

In the wake of natural disasters like tsunamis, earthquakes, floods, bushfires, storms, hurricanes, and volcanic eruptions, among others, there is a greater demand for portable generators. The national grid's infrastructure is frequently disrupted by natural disasters in many parts of the world, resulting in irregular electricity supply. Portable gen-sets are frequently utilized to supply electricity for rescue operations in such situations.

Restraints:

Developing nations are seriously noting the frequent power outages and insufficient supply of electricity. The market's potential is anticipated to be constrained by local governments' growing desire to upgrade the grid infrastructure to satisfy consumer demand. Also, growing worries about greenhouse gas emissions and changing tendencies towards clean energy technology are expected to restrain market expansion.

Opportunities:

Most OEMs offer hybrid generators, which are usually internal combustion engines with batteries. This hybrid genset supplies power directly to the engine when under heavy load. At low load, the battery supplies power to the engine. They are superior to conventional generators in many aspects, including reduced uptime, reduced fuel consumption and noise. They are also expected to gain traction in the market for mobile generator sets, which are mainly used on construction sites and in homes.

Dual fuel generators boost the dependability of standby power systems by combining the advantages of gas and diesel generators. In an emergency, portable generators that can run on both gas and diesel can only run on diesel. Many generator manufacturers are developing dual-fuel technology to overcome problems with diesel engines.

Key Players:

• Cummins, Inc.

• Generac Power Systems Inc.

• Kohler Co

• Multiquip, Inc.

• WINCOWackerNeuson SE

• Harrington Generators International Ltd

• Briggs & Stratton Corporation

• Caterpillar Inc.

• Honda Siel Power Products Ltd.    

• Honda Motor Co., Ltd.    

• Eaton Corporation

• Yamaha Motor Co., Ltd.

• KUBOTA Corporation

• Atlas Copco AB.

Market Segmentation:

Portable Generator Market, By Application

• Emergency

• Prime/Continuous

Portable Generator Market, By Based on Fuel

• Gasoline (Petrol)

• Diesel

• Natural Gas

• Others (LPG, Propane, and Biodiesel)

Portable Generator Market, By Power Rating

• Below 5 kW

• 5–10 kW

• 10–20 kW

Portable Generator Market By End User

• Residential

• Commercial

• Industrial

Portable Generator Market By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

The expansion of the manufacturing industries in China and India is anticipated to benefit the expansion of the Asia Pacific market. Many of the major auto and consumer electronics manufacturers, including Volkswagen, Apple, Inc., and Sony Corporation, have established manufacturing sites in India and China. Also driving market expansion is anticipated to be the growing use of portable generators in these nations' small businesses and outdoor activities. One of the main factors propelling the global market is the rise in the number of construction projects in the Middle East and Asia Pacific regions. Leading construction firms are also concentrating on purchasing new, green building projects, which is further boosting product demand.

Scope of the Report:

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