Portable Generator Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Power Ratings (Below 5kW, 5kW-10kW, and Above 10kW), By Fuel Type (Gasoline, Diesel, Natural Gas, Other), By Application (Temporary, Primary), By End Use (Residential, Commercial, Industrial), By Region and Competition

The Global Portable Generator Market is predicted to proliferate during the forecast period.

In situations where electricity is not accessible, the portable generator supplies power temporarily. An electrical generator that normally runs on gas or diesel and measures power in hours rather than days is referred to as a portable generator. With the help of a gas-powered engine that spins an internal alternator to produce electricity, portable generators produce electricity. In all job sites and recreational locations, these generators are frequently used to supply short-term, portable electric power.

Conventional and inverter portable generators are the two primary product categories for portable generators. The speed of an inverter portable generator varies according to the amount of power needed to complete a task; the more power needed, the faster the engine operates, which increases fuel efficiency. Also, some of these generators have fixed speed set points, which aids in reducing the frequency with which loads change when minor loads come on and off. Diesel, gas, and other fuels are used to power portable generators, which are utilized by consumers in the residential, commercial, and industrial sectors.

Government Initiatives Boost the Market of Portable Generator

For instance, the U.S. Department of Agriculture stated in September 2021 that it will invest USD 464 million to create or upgrade renewable energy infrastructure to serve rural areas.

Additionally, in the Asia Pacific region, the nation of India, where the Union Government has increased capital expenditure on infrastructure investment by 33%, or Rs 10 lakh crore for 2023–24, which is 3.3% of GDP, is anticipated to significantly boost the market for infrastructure and rise the demand for generators in construction sites to provide the continuous supply of electricity. Additionally, there are numerous upcoming megaprojects in the Middle East, including those in Saudi Arabia, the United Arab Emirates, and Qatar, including the AIUIA project, Neom, Amaala Project, Diriyah Gate, Aseer Development Project, Jawharat Jeddah, Dubai Creek Tower, The Heart of Europe, Meydan One, and Deira Islands, where continuous electricity is required. Therefore, the demand of portable generator is expected to rise in the forecast period 2024-2028F.

The market for generator manufacturing is anticipated to expand throughout the course of the projected period because of rising demand from various industries, including mining, oil and gas, and pharmaceuticals. In many industrial processes, generators are employed as a backup power source. where there is no grid infrastructure, generators are the only way to get electricity. For instance, most mining sites are situated in distant areas, they need generators to provide them with the daily electricity they need. For instance, a CAGR of 4.63% is predicted for the Indian mining industry, which is projected to reach USD 126 billion in 2022. Industrial activity is rising because of economic development in emerging nations, and this will ultimately increase the need for generators throughout the projection period. The union government has launched several programs, including Housing for All, Pradhan Mantri Awes Yojana, Make in India, and Pradhan Mantri Gati Shakti Master Plan, among others, with an emphasis on the infrastructure sector in both urban and rural areas.

The Ministry of Road Transport and Highways of India (MoRTH) announced an investment for infrastructure projects totaling USD 92.4 billion in December 2021. The government's aim to greatly enhance the supply of affordable housing units for low- and middle-income cohorts under the "Housing for Everyone" program by 2022 is expected to assist the industry's expansion.

Growth in Demand for Natural Fuel Sources

With the development of strict environmental regulations to regulate the embosom of dangerous gases from diesel generators in developed regions including North America, Europe, and certain parts of Asia-Pacific, natural gas-fueled generators are gaining popularity. Also, many emerging countries, such as India, Singapore, and Russia, employ natural energy sources in generators, creating a favorable environment for the expansion of the portable generators market.

Rise in Awareness

The popularity of portable generators grows among end users, including homeowners, event planners, outside service providers, and others. People need energy backup during power outages, handy power storages for camping, and extended outdoor activities in far-off locations, which is increasing demand for portable generators. With their extensive product categories, several major market participants promote commercial events.

Recent Developments

Oct. 28, 2021 - The Guardian 26kW Home Standby Generator, one of the most potent air-cooled home standby generator was launched by Generac Power Systems, Inc. In comparison to competing with home standby generators, the Guardian 26kW generator offers thousands of dollars in cost savings on installation and purchase while producing a peak power output of 26 kilowatts.

Jan. 10, 2022 - To comply with the Portable Generator Manufacturers' Association's (PGMA®) ANSI/PGMA G300-2018 carbon monoxide emissions standard, Yamaha Motor Company, USA, upgraded its whole line of inverter and conventional generators with Carbon Monoxide (CO) Sensor technology.

June 01, 2021 - Deep-Sea Electronics Ltd, a prominent global designer and manufacturer of sophisticated controls, has been acquired by Generac Holdings Inc, one of the world's top designers and producers of energy technology solutions and other power products.

TOKYO, Jan 18, 2022 - Honda announced the launch of the EU32i portable generator, which features a newly created dedicated engine and a 3.2kVA maximum output. The EU32i portable generator from Honda features an integrated 4-stroke engine with exceptional efficiency. The engines are designed to run on ordinary unleaded petrol with no more than 10% ethanol.

Market Segmentation

Company Profiles

Cummins Inc, Generac Power Systems Inc, Kohler Co, Wacker Neuson SE, Briggs & Stratton LLC, Caterpillar Inc, Honda Motor Co, Yamaha Motor Co Ltd, Atlas Copco Polska Sp. z o. o, Honeywell international Inc are among the major players that are driving the growth of the Global Portable Generator Market.