Portable Generators Market Size | Share | Industry Analysis 2023

The global portable generators market size was valued at USD 2,953.4 million in 2021 and is poised to grow at a significant CAGR of 6.5% during the forecast period 2022-28. A portable generator is a device that generates electricity and can be easily moved from one place to another. Portable generators are used as a source of backup power supply during power outages, as well as in remote areas where there is no access to a power grid. They are available in various sizes and power ratings, ranging from small, portable units for camping and outdoor activities to large, industrial-grade generators used in construction sites and other heavy-duty applications. The portable generators market includes a wide range of products, including gas-powered and diesel-powered generators. Gas-powered generators are more commonly used in residential and small commercial applications, while diesel-powered generators are typically used in industrial and larger commercial applications due to their higher power ratings and fuel efficiency.

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Portable Generators Market Growth Factors:
The portable generators market is expected to experience significant growth in the coming years, driven by various factors such as:

The growing need for backup power supply during power outages caused by natural disasters, blackouts, and other emergencies is driving the demand for portable generators.

The construction industry requires a reliable source of temporary power supply for various equipment and tools used on construction sites, leading to an increased demand for portable generators.

The need for portable and off-grid power solutions is increasing due to the growing popularity of outdoor recreational activities such as camping, hunting, and tailgating.

Technological advancements in the portable generator industry, such as the development of quieter and more fuel-efficient generators, are driving the market growth.

Government initiatives promoting the use of renewable energy sources, including solar and wind-powered portable generators, are driving the growth of the portable generator market.
The portable generator market is expected to experience significant growth in emerging economies such as India, China, and Brazil, where the construction industry and the need for backup power solutions are growing rapidly.

The global portable generators market segmentation:
1) By Type: Inverter Based, Conventional
2) By Fuel: Gasoline, Diesel, Natural Gas, Others (propane, LPG, Biodiesel)
3) By Power Rating: Below 5 kW, 5 kW -10 kW, 10 kW-20 kW
4) By End User: Residential, Commercial, Industrial, Others

Portable Generators Market Regional Analysis:
The portable generators market is segmented geographically into several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Here is a regional analysis of the portable generators market:

North America: North America is the largest market for portable generators, driven by the high demand for backup power solutions in residential and commercial sectors. The US and Canada are the major countries contributing to the growth of the market in this region.

Europe: Europe is the second-largest market for portable generators, driven by the growing demand for portable power solutions in the construction and events industries. Germany, the UK, France, and Italy are the major countries contributing to the growth of the market in this region.

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Key players profiles in the portable generators market report are Cummins, Atlas Copco, Briggs & Stratton, Honda, Kubota Corporation, Siemens, Duromax, Honeywell International, Loncin, Kohler, Generac, Yamaha, Caterpillar

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