Global Portable Generator Market by End Use (Commercial, Industrial, Residential), by Product (Diesel, Gaseous) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global portable generator market was valued at USD 3.0 billion in 2018. It is projected to grow by 5.2% between 2019 and 2025. The portable generators provide an alternating current (AC) for standalone and non-hardwired applications. Due to increasing business downtime worldwide, there is a growing demand for uninterrupted power supply. This is a key factor driving product demand.

Market growth is also being driven by the increasing use of portable generators due to a rapidly expanding construction industry. Construction tools are used extensively by power tools of all sizes such as compressors, drills, compressors, and air-hammers. New construction projects are often aided by portable generators, which are especially useful in areas where there is no power or grid access.

The last few years have seen a substantial increase in electric power consumption in many sectors, including oil and gas, agriculture, aerospace, defense and IT, as well as telecommunications and telecommunications. The global demand for electricity is expected to rise by 57% between 2018 and 2050 due to the increased use of electrical vehicles. The market is expected to grow because of the high demand for continuous power supply.

There is a growing need for portable generators that are powered by biofuel, a renewable energy source. Biofuel is a chemically similar fuel to petroleum-based fuels, and can therefore be used in place of diesel fuel. Biofuel can also provide energy independence for countries like Japan and Italy that import natural gas and petroleum from other countries. Biofuels can also be made from soybeans, canola and corn, as well as used cooking oil and animal fats. Market players will have an opportunity over the forecast period to capitalize on the rising demand for generators powered by biofuels.

Market growth is slowed by stringent environmental regulations to limit carbon emissions. The emission performance of portable generators is subject to regulations from the federal, state and local governments. The amount of carbon emitted by generators is controlled by environmental agencies like the Central Pollution Control Board of India (CPCB), the U.S. Environmental Protection Agency, and the European Environmental Agency. Each generator must be approved by the Type Approval Certificate.

Product Insights

The market can be divided into two segments based on product: diesel and gaseous generators. The market was dominated by the diesel segment in 2018, as they offer advantages like longer service lives and the ability to bear heavy loads. Diesel variants are preferred in many industries, including construction, mining, oil and gas, due to their higher fuel efficiency.

In 2018, the gaseous segment held a significant share of the global market. This was due to factors like lower emissions of harmful gases, compact size, quick start, and smaller sizes. The growth of the gaseous market will be driven by regulations that restrict the use of diesel generators. The Environment Pollution Control Authority (October 2018) announced that diesel generators were banned in Delhi, India. This allowed for the development of gaseous products.

Power Range Insights

The market for portable generators can be divided into three power levels: low power (8-20 KW), medium power (21-370 KW), high power (371-450KW). In 2018, the low power segment was dominant because these products are used extensively for commercial and residential purposes to power refrigerators, water pumps, air conditioners and other appliances.

Due to the increasing use of generators in the telecom sector, the medium power segment will show the highest CAGR during the forecast period. Telecom operators must use these products for their tower systems, as downtime could result in heavy financial losses. The healthcare sector is also dependent on medium power generators, which will significantly increase segment growth.

End-use Insights

The market can be divided into three segments based on end-use: residential, commercial, and industrial. The market was dominated by the industrial segment, which is further divided into construction, mining and oil & Gas. This is due to increased infrastructure investment in countries like the U.S. and China for roads, railways and commercial parking spaces. The industrial segment will also be driven by the growth of the manufacturing sector.

China, Japan, India, and other countries are hubs for manufacturing of consumer electronics. There has been a significant increase in oil and gas exploration. These factors will increase the demand for portable generators. It is expected that the mining industry will also contribute significantly to the growth in the industrial end-use segment.

Regional Insights

In 2018, Asia Pacific accounted for USD 1.2 billion of the largest revenue. The growth of the region market can be attributed primarily to an increase in electric power consumption by residential users in countries like China and Singapore. China was the country that consumed the most electric power in 2016, at 5,129 terawatts for residential purposes. The U.S. followed closely with 3,867 Terawatts. It is expected that the Asia Pacific market will grow as a result of the expansion of manufacturing in India and China.

India and China have seen the establishment of large numbers manufacturing plants for some of the world's most prominent automotive and consumer electronics companies, such as Apple Inc., Sony Corporation, and Volkswagen. Market growth is also expected to be driven by the increasing use of portable generators for small shops and outdoor events in these two countries. The global market is driven by the increase in construction projects in the Middle East, Asia Pacific and other regions. In order to increase product demand, top construction companies are also focusing on the acquisition of green buildings projects.

Research on the Portable Generator Market

Generac Power Systems Inc., Kohler Co., Cummins, Inc., Multiquip, Inc., WINCO, Harrington Generators International Ltd., Briggs & Stratton Corporation, Wacker Neuson SE are key players in this market. The development of new generators is being done by Caterpillar Inc. and Honda Siel Power Products Ltd. They develop products that have advanced features like IoT connectivity or emission detection systems.

They also plan to expand their production and geographical presence by purchasing smaller companies. Kohler, Co., for example, acquired Clarke Energy, an U.K.-based maker of gasoline- or diesel-powered generators. Multiquip Inc. opened a Carson facility to produce portable generators. This was in order to increase its manufacturing capacity.

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level and analyzes current industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global portable generator market report by product, power range and end use.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Diesel

  • Gaseous

• Power Range Outlook (Revenue USD Million, 2014-2025)

  • Low Power (8-20KW)

  • Medium Power (21 - 370KW)

  • High Power (371 to 450KW).

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Commercial

  • Residential

  • Industrial

    • Construction

    • Mining

    • Oil & Gas

    • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)

Up Market Research published a new report titled “Portable Generator Market research report which is segmented by End Use (Commercial, Industrial, Residential), by Product (Diesel, Gaseous), By Players/Companies Generac Power Systems Inc; Kohler Co; Cummins, Inc; WINCO; Harrington Generators International Ltd; Briggs & Stratton Corporation; Wacker Neuson SE; Caterpillar Inc; and Honda Siel Power Products Ltd Players are engaged in the development of innovative generators through R&D programs They are developing products with advanced features such as IoT connectivity and emission detection systems, Inc; Multiquip”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Portable Generator Market Report Segments:

The market is segmented by End Use (Commercial, Industrial, Residential), by Product (Diesel, Gaseous).

Portable Generator Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Portable Generator Market

Overview of the regional outlook of the Portable Generator Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Portable Generator Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Portable Generator Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Commercial

                2. Industrial

                3. Residential

                1. Diesel

                2. Gaseous

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Portable Generator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Portable Generator Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.