Top 3 key players of the Portable Generators Market are Generac Power Systems, Inc., Cummins Inc., Briggs & Stratton Corporation

The global portable generators market size was $3,146 million in 2015, and is estimated to reach $4,913 million by 2022 at a CAGR of 6.6% during the forecast period. Increase in need of standby power supply systems, rise in demand for convenient and cost-effective diesel generators, increase in preference for natural gas fueled generators, and growth in awareness of portable generators among end-users including house owners, event organizer, third-party service providers and others drive the global market. However, the factors restricting portable generators market growth include limited duration of power generation and harmful carbon emissions generated by diesel generators.

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The adoption of portable generators has increased in domestic and commercial applications over the years. Commercial events of mass gathering in under-developed and developing regions including Asia-Pacific, Latin America, Middle East, and Africa demand additional power generating portable generators due to interrupted electric supply networks and regular power outages. In addition, portable generators are on high demand from recreational activists, travelers, and county side tourists for need of power at remote places.

Portable generators market in Asia-Pacific, China, and India possess high market potential, and is projected to increase at a significant rate owing to power backup need in several construction sites as these countries are involved in rapid industrialization and infrastructure development.

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The leading players profiled in this 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. These companies have adopted strategies such as business expansion, product launch, and merger & acquisition to increase their market shares and expand their geographical presence.

Portable generators offer power need in multiple application areas including domestic, commercial, and industrial. The variable nature of portability gives right choice to the end-users fulfilling their power need in both in-door and out-door activities. However, the demand for standby and battery power inverters is at a steady rise, which is expected to challenge the portable generators market growth in the coming years.

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Increase in need of power backup facility, growth in demand for low-cost and diesel-fueled generators, increase in preference for natural gas-fueled generators, and rise in awareness of portable generators drive the market. However, the portable generators market growth is restrained due to limited duration of power supply and stringent environmental regulations toward emission of hazardous gases from diesel generators.

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