Portable Generator Market Growth Trends Analysis and Dynamic Demand, Forecast 2023 to 2033

Electricity is produced by portable generators for usage in household, industrial, and commercial settings. Applications addressed by the research include producing energy for live commercial events, electrifying equipment on building sites, providing backup power during power outages, and others. According to estimates, the market for portable generators will increase at a CAGR of 6.6% to reach $4,913 million by 2022 from its 2015 valuation of $3,146 million.

The markets for portable generators in North America, Europe, Asia-Pacific, and LAMEA are all examined. To increase their market share of portable generators, broaden their offering of goods and services, and survive the fierce competition, the top vendors in the industry have made product launches a fundamental component of their growth strategies. Additionally, businesses have implemented partnership tactics for implementing new technology, enhancing operational performance, and expanding their markets and innovating.

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Based on fuel type, power output, application, and geography, the portable generators market is divided globally. The market is divided into three categories based on power output: less than 3 kW, 3 kW to 10 kW, and more than 10 kW. The application sector includes household, commercial, and industrial products. The portable generators market is examined in terms of geography throughout North America, Europe, Asia-Pacific, and LAMEA. The region with the most revenue in 2015 was North America.

The market for portable generators is expected to develop as demand for power backup facilities, low-cost, diesel-fueled generators, natural gas-fueled generators, and increased consumer awareness of portable generators all increase. However, due to the short duration of power supply and strict environmental restrictions regarding the emission of dangerous substances, the market growth for portable gases from diesel generators.

Power generators with outputs of less than 3kW, 3-10kW, and more than 10kW are included in the power output section. The expansion of the portable generator market is predicted to be fueled by an increase in the usage of multifunctional power production systems. Due to rising awareness of the benefits of indoor power backup and the increased demand for portable powering systems for outdoor recreational activities, the smaller than 3kW portable generators market is expected to expand at the highest CAGR. Due to the requirement for larger power supplies to run machinery and industrial equipment, the market for portable generators is anticipated to be driven by the usage of generators that provide more than 10kW of power in the industrial sector.

Market Segmentation:

By Power Rating:

· Below 5 kW

· 5 kW - 10 kW

· Above 10 kW

By Fuel Type:

· Gasoline

· Diesel

· Natural Gas

· Propane

By End-User:

· Residential

· Commercial

· Industrial

By Application:

· Standby Power

· Prime/Continuous Power

· Peak Shaving Power

By Region:

· North America

· Europe

· Asia-Pacific

· Middle East and Africa

· Latin America

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Competitive Landscape:

The competitive landscape for the global portable generator market is highly fragmented, with many players operating in the market.

Some of the major players in the market include:

Honda Motor Co. Ltd.

Generac Holdings Inc.

Yamaha Motor Co. Ltd.

Cummins Inc.

Atlas Copco AB

Briggs & Stratton Corporation

Kohler Co.

Caterpillar Inc.

Champion Power Equipment Inc.

Wacker Neuson SE

These companies are focusing on various strategies to gain a competitive advantage, such as:

Product development and innovation: Companies are investing heavily in research and development to design and develop more efficient, reliable, and cost-effective portable generators. They are also focusing on introducing new features and technologies to make their products more attractive to customers.

Mergers and acquisitions: Several companies are acquiring other players in the market to expand their product portfolios and increase their market share. For instance, Generac Holdings Inc. acquired Pika Energy, a developer of advanced power electronics for solar-plus-storage applications, in 2020 to expand its clean energy portfolio.

Key Points:
Define, describe and forecast Portable Generator product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030

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