Portable Generator Market (By Fuel: Gasoline, Diesel, Natural Gas, Others; By Application: Emergency, Prime/Continuous; By Power Rating: below 5 kW, 5–10 kW, 10–20 kW; By End User: Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Construction and Manufacturing

The Portable Generator Market size is predicted to hit around US$ 6.2 billion by 2030 and is anticipated to grow at a CAGR of 5.5% during the forecast period 2021 to 2030.

Portable generator, also known as engine generator, is an engine driven generator that is manufactured for multiple uses. Portable generator consists of a prime mover, which is engine, and electrical generator. These are mounted together to form an electric generation unit.

Portable generators are being used in the construction industry on a large scale which has contributed to the market's growth. The construction industry utilizes tools such as power drills, air hammers, compressors, drills etc., which can be powered up using a portable generator. Sectors such as automotive, oil and gas, IT and agriculture have witnessed a significant increase in electricity consumption. Thus the demand for a steady flow of electricity has also increased. This has also contributed to increasing the demand for portable generators.

Portable generators, which are also commonly known as engine generators and, as the name indicate, are generators driven by an engine. The portable generators consist of an engine that is the primary mover, and an electrical generator mounted together to form a single electrical unit with various parts assembled. The key feature of these generators is that they need not be fixed in one place and can be moved anywhere as per the requirement and when it is needed. It can be started manually and is mainly used to provide electricity during power outages or when electricity is required temporarily while camping and other recreation activities.

The frequent power outage has increased demand for an uninterrupted flow of electricity, which has significantly driven the sales of portable generators. The shortage of reliable sources of power supply during natural calamities has also led to an increase in demand for portable generators, which can supply a steady source of electricity at a stretch of 10-12 hours on a full tank. The availability of alternate sources of power supply such as solar power systems, inverters, UPS systems which are more environment-friendly and easy to use, will hinder the growth of the global portable generator market. Inverter generators using high-tech magnets and electrical circuits, which are advanced, have an opportunity to capture a considerable market share in the generators segment.

Drivers/Constraints:

Rise in demand for uninterrupted power supply in residential and commercial establishments is likely to drive the global portable generator market during the forecast period. Portable generator is less expensive than stationary generator. This makes its adoption preferable in residential and commercial establishments.

Portable generators are used at construction sites to operate power tools, namely paint sprayers, air compressors, drills, saws, etc. to provide optimal output with minimal fuel consumption.

The growing urbanisation coupled with increasing frequency of power grid failures has led the consumers to opt for portable generators, particularly for residential applications, so as to ensure uninterrupted electricity supply.

The governments in various countries have implemented stringent regulations regarding the negative environmental impact of portable generators. As a result, the manufacturers are introducing generators with lower greenhouse gas emissions.

The availability of alternative power backup systems such as inverters, UPS systems, solar generator and solar energy systems poses a major threat to the growth of the global portable power generator market as these systems are often more environment-friendly and easier to maintain.

Report Highlights Details
Market Size US$ 6.2 Billion by 2030
Growth Rate CAGR of 5.5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application, Fuel, Power Rating, End User
Regional Scope North America, Asia Pacific, South America, Europe, Europe
Companies Mentioned Hyundai Power, Honda Power, Briggs & Stratton, Yamaha, Generac, Champion, United Power Technology, Wacker Neuson, KOHLER, TTI, Sawafuji, Pramac, Honeywell, Eaton, HGI, Cummins Inc.

Gasoline segment dominated the market and held the largest market share of 40% in the year 2020

Based on fuel, the global portable generator market is segmented into natural gas, diesel, gasoline and others. The gasoline segment dominated the market and held the largest market share of 40% in the year 2020. This growth can be attributed to its compatibility with the small engine and also because gasoline is readily available; it also enables a quick start of the engine.

Emergency segment dominated the market and held the largest market share of 65% in the year 2020

Based on application, the global portable generator market is segmented into prime/continuous and emergency. The emergency segment dominated the market and held the largest market share of 65% in the year 2020. This growth can be attributed to the reliability of businesses and small-scale manufacturers on emergency generators due to unstable power grids and frequent power outages resulting from inadequate power generation infrastructure.

5 – 10 kW segment dominated the market and held the largest market share of 45% in the year 2020

Based on power rating, the global portable generator market is segmented into below 5 kW, 5–10 kW, and 10–20 kW. The 5 – 10 kW segment dominated the market and held the largest market share of 45% in the year 2020. This growth is mainly attributed to the residential use of these generators for powering up air conditioners, television, lights etc.

Residential segment dominated the market and held the largest market share of 42% in the year 2020

Based on end-user, the global portable generator market is segmented into industrial, residential and commercial. The residential segment dominated the market and held the largest market share of 42% in the year 2020. This growth is mainly due to the frequent power outages in developing countries owing to the inadequacy of power generating infrastructure.

Based on geography, the global portable generator market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the market and held the largest market share of 36% in the year 2020. This growth is mainly due to the rising consumption levels of electricity in developing countries for residential or industrial purposes. Rising consumption requires a steady flow of electricity and therefore increased the demand for portable generators. North America has also witnessed significant growth owing to natural calamities causing the disruption of electricity distribution and power outages for a long duration. Portable generators are pretty helpful during such situations, and hence there is an increase in demand in the North American market. The market in Middle East & Africa is expected to grow due to the growing use of portable generators at construction sites and mining sites.

COVID-19 Impact

Governments of various countries have imposed restrictions on the movement of individuals and economic activities to limit the spread of the COVID-19 pandemic. As a result, several industries had to halt their operations temporarily. Disruption in the operation of industrial sector has adversely affected the demand for electricity, as it is the major consumer of electricity.  This, in turn, is expected to hamper the demand for portable generators.

Key Players

The major players in the market are Hyundai Power, Honda Power, Briggs & Stratton, Yamaha, Generac, Champion, United Power Technology, Wacker Neuson, KOHLER, TTI, Sawafuji, Pramac, Honeywell, Eaton, HGI, Cummins Inc.

Market Segmentation

By Application

  • Emergency
  • Prime/Continuous

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

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa

Key Questions Answered in This Report:

  • How has the global portable generator market performed so far and how will it perform in the coming years?
  • What are the key regions in the global portable generator market?
  • What has been the impact of COVID-19 on the global portable generator market?
  • Which are the various types of fuel in the global portable generator market?
  • What are the key application segments in the global portable generator market?
  • What are the major power output segments in the global portable generator market?
  • What are the various stages in the value chain of the global portable generator market?
  • What are the key driving factors and challenges in the global portable generator market?
  • What is the structure of the global portable generator market and who are the key players?
  • What is the degree of competition in the global portable generator market?
  • How is portable generator manufactured?

 

This report focuses on portable generator market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall portable generator market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global portable generator market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the portable generator market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the portable generator market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Portable generator market.

Market Segments: This part of the report discusses about product, application and other segments of the portable generator market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global portable generator market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the portable generator market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

In this study, the years considered to estimate the market size of portable generator are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2030

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global portable generator market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

 Research Methodology

The research methodology adopted by analysts for compiling the global portable generator market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global portable generator market.

 


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