Portable Generator Market Size is Expected to Reach $2.5 billion in 2026

According to the new market research report, The portable generator market is expected to grow from an estimated USD 1.8 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 6.7% during the forecast period. Frequent power outages due to weather and aging grids are the main drivers for the portable generator market. Increasing adoption of dual fuel and inverter portable generators are expected to offer lucrative opportunities for the portable generator market during the forecast period.

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A few major players that have a wide regional presence and dominate the portable generator market. The leading players in the portable generator market include Atlas Copco (Sweden), Briggs & Stratton (US), Generac (US), Honda (Japan), Yamaha (Japan), Caterpillar (US), Cummins (US), Eaton (Ireland), Honeywell (US), Siemens (Germany), Wacker Neuson (Germany), Kubota (Japan), Kohler (US), Champion (US), Himoinsa (Spain), Duromax (US), Loncin (China), and others.

The major strategies adopted by these players include new product launches, contracts & agreements, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. New product launches was the most commonly adopted strategy from January 2017 to February 2021.

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This research report categorizes the portable generator market-based application, fuel, power rating, and end user, and region
Based on Application, the Portable Generator market has been segmented as follows:

Emergency
Prime/Continuous

Based on Fuel, the Portable Generator market has been segmented as follows:

Gasoline (Petrol)
Diesel
Natural Gas
Others (LPG, Propane, and Biodiesel)

Based on Power Rating, the Portable Generator market has been segmented as follows:

Below 5 kW
5-10 kW
10-20 kW

Based on End User, the Portable Generator market has been segmented as follows:

Residential
Commercial
Industrial

Based on the region, the Portable Generator market has been segmented as follows:

North America
Asia Pacific
South America
Europe
Middle East & Africa

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North America likely to emerge as the largest portable generator market

In this report, the portable generator market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. North America region has been segmented, by country, into the US, Canada, and Mexico. The US and Canada, which are among the largest consumers in this region as well as globally, constitute the largest share of the portable generator market. Power outages, penetration of the natural gas network, and high peak time electricity costs are expected to drive the portable generator market in this region.

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