Global Portable Generator Market Analysis 2021

Global Portable Generator Market Analysis 2021

The Global Portable Generator Market is expected to reach $2.70 billion by 2027 growing at a CAGR of 8.1% from 2020 to 2027. A portable generator is a gas- or diesel-powered device designed typically to be an electrical generator which measures power in hours of use instead of days. It comprises an engine that turns a small turbine, which in turn creates usable electricity up to a certain level of wattage. The users can access this generator by plugging electrical appliances or tools directly into generators sockets or the generator itself can be professionally wired into the sub-panel of a home. These generators consist of internal combustion engine, starter, alternator, fuel tank and outlets which are assembled together onto a metal frame in a single unit. It consists of enough power to keep a freezer, refrigerator, television and some lights working. Low-end models of portable generators support few basic home appliances, whereas, the high-end models can provide power backup to the whole house. Nowadays, portable generators are gaining traction among the consumers as they are cost-effective and can be easily moved from one place to another.

Factors such as growing consumer interest toward recreational activities, rapid industrialization & infrastructure development, and rising demand for uninterrupted power supply are driving the growth of the market. However, increasing manufacturing costs and safety concerns are restraining the growth of the market.

Based on end user, the residential segment is going to have a lucrative growth during the forecast period which can be attributed to the prevalent installation of gensets across households to cater to the emergency power supply in an event of a blackout or grid failure. Frequent power cuts with an aim to counter the peak load demand coupled with rising consumer awareness toward emergency preparedness will complement the industry statistics. Therefore, rising concerns about power instability in the residential sector, such as natural calamity, for uninterrupted operations is driving the portable generator market.

The key vendors mentioned are Atlas Copco, Briggs & Stratton, Caterpillar, Champion, Cummins, Duromax, Eaton, Generac, Himoinsa, Honda, Honeywell, John Deere, Kirloskar Electric Co. Ltd, Kohler, Kubota, Loncin, Manlift Group, Siemens, Wacker Neuson, and Yamaha.

Fuels Covered:
• Gasoline (Petrol)
• Diesel
• Natural Gas
• Liquified Petroleum Gas (LPG)
• Propane
• Biodiesel

Power Ratings Covered:
• Less than 5kW
• 5–10kW
• Above 10kW

Products Covered:
• Conventional Portable Generator
• Inverter Portable Generator

Phases Covered:
• Single Phase
• Three Phase

Applications Covered:
• Base Load
• Standby Power
• Peak Shaving
• Emergency
• Prime/Continuous

End Users Covered:
• Residential
• Commercial
• Industrial

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period