Portable Generator Market Registering Growth at a CAGR of 5.5 percent

Portable generators are backup devices designed to provide temporary AC power for non-hardwired, stand-alone applications. 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. 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.

The global portable generator market size is anticipated to reach USD 6.1 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027, according to a new study by Vision Research Reports.

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Global Portable Generator Market Drivers/Constraints:

  • 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.

Key players profiled in the report are Generac Power Systems, Inc., Cummins Inc., Briggs & Stratton Corporation, Honda Motor Co., Ltd., Caterpillar, Inc., Eaton Corporation Plc, Kohler Co., Yamaha Motor Corporation, Champion Power Equipment, Inc., and Smarter Tools, Inc. The report discusses the key strategies adopted by the companies in addition to the current trends, upcoming opportunities, and restraints in the market growth, with detailed information about their impacts.

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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?

Market Segmentation

  • Product Outlook
    • Diesel
    • Gaseous
  • Power Range Outlookk
    • Low Power (8 – 20KW)
    • Medium Power (21 – 370KW)
    • High Power (371 – 450KW)
  • End-use Outlookk
    • Commercial
    • Residential
    • Industrial
      • Construction
      • Mining
      • Oil & Gas
      • Others
  • Regional Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!