Portable Generators Market Size Worth USD 3.7 billion 2032| CAGR of 6%

Portable Generators Market Overview:

The market size of portable generators globally was USD 2.2 billion in 2022 and is projected to reach USD 3.7 billion by 2032, with an estimated revenue CAGR of 6% during the forecast period. The market growth is fueled by several factors, such as the increasing need for portable and user-friendly generators in the residential and commercial sectors, as well as the growing demand for backup power solutions during natural disasters and power outages.
One of the primary drivers of the portable generators market's revenue growth is the rising demand for reliable and efficient power solutions in the residential sector. As more people rely on electronic devices for work and leisure, the need for a dependable source of backup power increases. Moreover, the trend of telecommuting and remote work is further driving the demand for portable generators that can power laptops, computers, and other essential equipment during power outages.

Portable Generators Market Segments

Based on product type, the market has been segmented into gasoline, diesel, natural gas, and others. The revenue forecast for each product type is provided in USD billion from 2019 to 2032.
The market has also been segmented based on power output into less than 5 KW, 5-10 KW, and more than 10 KW. The revenue forecast for each power output category is provided in USD billion from 2019 to 2032.
Furthermore, the market has been segmented based on end-use into residential, commercial, and industrial sectors. The revenue forecast for each end-use segment is provided in USD billion from 2019 to 2032.
Finally, the market has been segmented based on region into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The revenue forecast for each region is provided in USD billion from 2019 to 2032. The regional analysis covers prominent countries such as the United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Sweden, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, the United Arab Emirates, South Africa, Israel, and other countries in each respective region.
In conclusion, this report provides a detailed analysis of the global portable generators market, including market segmentation based on product type, power output, end-use, and region, and offers revenue forecasts for each segment from 2019 to 2032.

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Portable Generators Market: Strategic Developments

The year 2020 saw Briggs & Stratton Corporation file for bankruptcy, after which it was acquired by private equity firm KPS Capital Partners. The aim of the acquisition was to restructure and reposition the company in the portable generator market.
In 2021, Generac Holdings Inc. made an announcement of acquiring Enbala Power Networks, a company that provides distributed energy optimization and control software. This acquisition was aimed at expanding Generac's presence in the energy storage and management market while enhancing its energy management capabilities.
Yamaha Motor Co., Ltd. declared the development of a new line of portable generators powered by hydrogen fuel cells in 2021. These generators are expected to be more environmentally friendly and efficient than traditional gasoline-powered generators.
WEN Products launched a new line of portable inverter generators in 2020, which are designed for outdoor and camping applications. These generators offer advanced fuel efficiency and quiet operation and are available in a variety of power output options.
In 2020, Caterpillar Inc. launched a new line of portable generators for industrial and construction applications. These generators come with advanced digital controls and increased fuel efficiency and are available in various power output options.

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Portable Generators Market: Competitive landscape

The global portable generators market is characterized by intense competition, with numerous established players and new entrants competing for market share. The market is dominated by some major players, which include Briggs & Stratton Corporation, Generac Holdings Inc., Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Kohler Co., Champion Power Equipment, Firman Power Equipment, WEN Products, DEWALT Industrial Tool Co., and Caterpillar Inc.
Briggs & Stratton Corporation has been in the spotlight recently due to its filing for bankruptcy in 2020 and subsequent acquisition by private equity firm KPS Capital Partners. The company is a leading player in the portable generator market, and the acquisition is aimed at restructuring and repositioning the company in this space.
Generac Holdings Inc. is another major player in the market, having recently acquired Enbala Power Networks to enhance its energy management capabilities and expand its presence in the energy storage and management market.
Yamaha Motor Co., Ltd. is making strides towards a more environmentally friendly and efficient future with its announcement of a new line of portable generators powered by hydrogen fuel cells.
Caterpillar Inc. is also making moves in the market with the launch of a new line of portable generators featuring advanced digital controls and increased fuel efficiency, designed for industrial and construction applications.
Overall, the global portable generators market is expected to remain competitive, with established players and new entrants vying for market share through innovation, product development, and strategic acquisitions.

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