Portable Generator Market to Eyewitness Massive Growth by 2027 | Generac, Honda, Yamaha, Atlas Copco, Cummins

According to a new market research report, the global Portable generators market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 2.2 billion in 2022 to USD 2.9 billion in 2027.

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Construction activities needs electric power to operate the various equipments and machinery used at working sites where construction is taking place. These sites are not accessible to grid supply as they are often in remote areas where grid supply does not reach. This is where the power generation industry comes into play by providing generators to supply the much-needed electric power. Portable generators in these activities can carry out their operations and be carried out from one site to another. Portability of the generators ensures that all construction sites have the required power necessary to run smooth operations. It would be challenging to share power from a centralized location to power different plants in without these generators. Despite whether you are operating a large or medium-sized construction, a portable generator should always be there and ready for use. Governments have focused on accelerating the infrastructural investment in various countries. Study by Oxford Economics says that the construction industry will reach 13.5% of the global GDP by 2030. Apart from the rural electrification programs, In the developed/developing regions, the countries are experiencing blackouts and voltage fluctuations due to mismatch in the power demand and supply to these countries. Portable generators are used across various end users such as commercial, residential, and industrial. Generators are deployed across different industrial sectors and construction sites to adequately power on-site equipment and tools. The growing need for uninterrupted power in every region is expected to drive the portable generator market.

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Leading key players are

Honda (Japan),
Generac (US),
Yamaha (Japan),
Cummins (US),
Atlas Copco (Sweden)

Gasoline is anticipated to be the fastest-growing Portable generators segment, by fuel type, during the forecast period.

Portable generators using gasoline are widely used for the residential purposes where the power supply is needed for emergency and low load applications. Gasoline is the most easily available fuel across the country therefore it is more commonly used. However, gasoline prices are somewhat high and tends to be the least efficient amongst all fuels to run a generator, at least for long periods of time, which is likely to increase its demand in the portable generator market globally. It is used in any emergency, hunting, camping, and other applications.

This research report categorizes the portable generator market by fuel, applications, product type, power rating, end user, and region
Based on fuel:

Gasoline
Diesel
Natural Gas
Others

Based on application:

Emergency
Prime/ Continuous

Based on product type:

Inverter generator
Conevntional generator

Based on power rating:

Below 5kW
5 - 10 kW
10 - 20 KW

Based on end user:

Residential
Commercial
Industrial

Based on region:

Asia Pacific
Europe
North America
Middle East & Africa
South America

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Asia Pacific is expected to be the fastest-growing segment in the global Portable generator market, by region, during the forecast period.

The region is the most populated region in the world and is expected to become the largest energy-consuming region globally. As portable generators provide uninterrupted and stable power supply during natural calamities, grid failure or any industrial disruptions, thus the market for portable generator is encouraged to cater the needs of its customers. The customer base is wide from residential to industrial as portable generators are versatile and easy to operate with multi-fuel technology incorporated with safer mode of energy supply.

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