Portable Generator Market to Reach US$ 6.2 Bn by 2030

The Portable Generator market is projected to reach US$ 6.2 Bn by 2030. And registering a CAGR of around 5.5% over the forecast period 2021 – 2030.

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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

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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.

Table of Contents

Table of Conetents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Portable Generator Market, By Application

7.1. Portable Generator Market, by Application Type, 2021-2030

7.1.1. Emergency

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Prime/Continuous

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Portable Generator Market, By Fuel

8.1. Portable Generator Market, by Fuel, 2021-2030

8.1.1. Gasoline (Petrol)

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Diesel

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Natural Gas

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others (LPG, Propane, and Biodiesel)

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Portable Generator Market, By Power Rating Type 

9.1. Portable Generator Market, by Power Rating Type, 2021-2030

9.1.1. Below 5 kW

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 5–10 kW

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. 10–20 kW

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Portable Generator Market, By End User Type 

10.1. Portable Generator Market, by End User Type, 2021-2030

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Commercial

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Industrial

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Portable Generator Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Application (2017-2030)

11.1.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.1.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.1.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.1.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Application (2017-2030)

11.1.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.1.6.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.1.6.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Application (2017-2030)

11.2.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.2.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.2.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.2.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Application (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.2.6.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Application (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.2.7.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Application (2017-2030)

11.2.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.2.8.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.2.8.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Application (2017-2030)

11.3.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.3.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.3.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.3.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Application (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.3.6.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Application (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.3.7.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Application (2017-2030)

11.3.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.3.8.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.3.8.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Application (2017-2030)

11.4.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.4.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.4.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.4.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Application (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.4.6.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Application (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.4.7.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Application (2017-2030)

11.4.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.4.8.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.4.8.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Application (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.5.5.4. Market Revenue and Forecast, by End User Type (2017-2030)

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Application (2017-2030)

11.5.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

11.5.6.3. Market Revenue and Forecast, by Power Rating Type (2017-2030)

11.5.6.4. Market Revenue and Forecast, by End User Type (2017-2030)

Chapter 12. Company Profiles

12.1. Hyundai Power

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Honda Power

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Briggs & Stratton

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Yamaha

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Generac

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Champion

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. United Power Technology

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Wacker Neuson

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. KOHLER

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Honeywell

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Honeywell

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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