Global Portable Generator Market Insights Forecasts to 2033

• The Global Portable Generator Market Size was Valued at USD 3.01 Billion in 2023
• The Market Size is Growing at a CAGR of 5.33% from 2023 to 2033
• The Worldwide Portable Generator Market Size is Expected to Reach USD 5.06 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Portable Generator Market Size is Anticipated to Exceed USD 5.06 Billion by 2033, Growing at a CAGR of 5.33% from 2023 to 2033.

Market Overview

A portable generator is a device used to supply electricity in areas where power supply is unavailable. These generators are small in size, versatile, compact, lightweight, and portable. They usually comprise of an internal combustion engine, an alternator, a starter, a fuel tank, and outlets. These generators can be used in camping, outdoor events, construction sites, etc. They can also be used as an emergency backup power at the time of power outages or natural disasters. Portable generators are of different power levels and fuel sources like gas, diesel, propane, or natural gas. Portable generators allow customers to run their necessary functions like lights, and electronic gadgets, by converting mechanical energy into electrical energy. It offers ease and comfort in day-to-day chores. The market for global portable generators has increased due to dependability on the power supply because of increasing natural calamities and extreme weather conditions. The portable generators provide undisturbed service to individuals and businesses while offering comfort and safety, at the time of power outages. Moreover, the increasing awareness about camping, outdoor activities & sports has driven up the global portable generator market.

Report Coverage

This research report categorizes the market for the global portable generator market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global portable generator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global portable generator market.

Driving Factors

The need for power backup solutions has increased due to growing concerns about weather conditions. This leads to a significant increase in the global portable generator market. Portable generators provide the emergency power supply during electricity outages. It allows to continue the work without any disturbance. This creates a positive impact on the global portable generator market. It offers services for household chores and businesses to continue their work. In remote locations, portable generators are more convenient to use. This helps in providing electricity in outdoor areas like camping and traveling. The market for portable generators has continued to develop because of these devices' mobility and adaptability, which let outdoor enthusiasts enjoy the outdoors while still having access to power that is necessary for contemporary conveniences, entertainment, and safety.

Restraining Factors

The strict rules and regulations of the government regarding environmental concerns are hampering the market’s growth. The governments of various countries have employed several standards to reduce the emission of dangerous gases such as carbon monoxide, carbon dioxide, nitrous oxide, and others. The diesel engine generator causes the emission of harmful gases that pollute the environment. These gases are directly discharged into the atmosphere and cause harm to human beings as well as microorganisms.

Market Segmentation

The global portable generator market share is classified into fuel, power rating, and application.

• The diesel segment is anticipated to hold the largest share of the global portable generator market during the forecast period.

Based on the fuel, the global portable generator market is divided into diesel, gas, and others. Among these, the diesel segment is anticipated to hold the largest share of the global portable generator market during the forecast period. The diesel engine offers higher efficiency and is more cost-effective than gasoline generators. Diesel engine generators are highly dependable and aid in running on heavy loads for a long duration which drives its growth in the market.

• The below 5 KVA segment is anticipated to hold the greatest share of the market during the forecast period.

Based on the power rating, the global portable generator market is divided into below 5 KVA, 5-15 KVA, 15-45 KVA, and 45-75 KVA. Among these, the below 5 KVA segment is anticipated to hold the greatest share of the market during the forecast period. These generators are versatile and continuously supply electricity during blackouts. The increasing number of camping activities that require portable generators for power supply is increasing the demand for this segment.

• The residential sector is anticipated to hold a significant market share during the forecast period.

Based on the application, the global portable generator market is divided into residential, commercial, and others. Among these, the residential sector is anticipated to hold a significant market share during the forecast period. The need for electricity is increasing day by day in residential areas. To avoid blackouts, individuals prefer portable generators for households.

Regional Segment Analysis of the Global Portable Generator Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global portable generator market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global portable generator market over the predicted timeframe. In the Asia Pacific region, the electricity supply is quite unreliable and inaccessible which drives the market growth. The portable generators offer electricity supply in this region for homes, small businesses, and farms. In this region, increasing construction drives the significant growth in the market. A portable generator helps in the power supply to tools and equipments required at construction sites. The growing number of natural calamities like earthquakes, hurricanes, and weather situations are also responsible for the growth in the market for power backup solutions.

North America is expected to grow at the fastest pace in the global portable generator market during the forecast period. The increasing intensity of natural disasters leads to a significant growth of the market. Consumers need an uninterrupted power supply, for this, they prefer portable generators as a solution. In the North American region, the US and Canada are the major countries driving the growth of the market. North America is one of the main constructors and consumers of electricity. The enormous industrial sector in this region aids in the positive growth of the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global portable generator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cummins Inc.
• Caterpillar Inc.
• Atlas Copco
• HIMOINSA
• Ingersoll Rand
• Kirloskar Electric Co. Ltd
• Inmesol S.L.U.
• Kohler-SDMO
• American Honda Motor Company, Inc
• Generac Power Systems
• FG Wilson
• Briggs & Stratton
• Aggreko
• Manlift Group
• Yamaha Motor Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2021, in comparison to competing home backup generators, Generac's new Guardian 26 KW generator offers 26 kilowatts of peak power in a smaller footprint and thousands of dollars in cost savings during purchase and installation.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global portable generator market based on the below-mentioned segments: 

Global Portable Generator Market, By Fuel

• Diesel
• Gas
• Others

Global Portable Generator Market, By Power Rating

• Below 5 KVA
• 5-15 KVA
• 15-45 KVA
• 45-75 KVA

Global Portable Generator Market, By Application

• Residential
• Commercial
• Others

Global Portable Generator Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa