Press release
Projected Thrive of Portable Generators Market: Steady Growth, Key Drivers and Emerging Trends by 2025
Portable Generators Market
What Is The Projected Market Size Of The Global Portable Generators Market And Its Growth Rate?
• The portables generator market stood at $5.28 billion in 2024 and is projected to reach $5.47 billion in 2025, registering a CAGR of 3.6%. The growth during the historic period was driven by a rise in power outages, growth in the construction industry, and an increase in demand for home power backup.
• The market is further expected to grow to $6.43 billion in 2029, with a CAGR of 4.1%, led by the trending shift towards remote work, aging grid infrastructure, and increasing disposable income.
What Is Driving The Growth In The Portable Generators Market?
The lack of reliable grid infrastructure in many parts of the world and the increasing rate of urbanization are key factors driving the growth of the portable generators market. As electricity is pivotal for economic progress, the frequent power grid failures adversely affect both residential and industrial spaces. Portable generators fill this gap by providing an uninterrupted power supply, especially during blackouts. The rise in power instability due to natural calamities further hastens the demand for portable generators. Moreover, the World Bank estimates that about 56% of the global population resides in urban areas, and by 2050, nearly 7 out of 10 people will be city-dwellers. The surging urbanization thus fuels the demand for portable generators.
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Who Are the Key Players Driving Portable Generators Market Growth?
• Kohler Co.
• General Electric Company
• Caterpillar Inc.
• Cummins Inc.
• Honeywell International Inc.
• Generac Power Systems Inc.
• Eaton Plc
• Briggs & Stratton Corporation
• Atlas Copco (India) Ltd.
• WackerNeuson SE.
• WIN Co.
• Harrington Generators International Ltd.
• Multiquip Inc.
• Kirloskar Electric Co. Ltd.
• Stanley Black & Decker Inc.
• STEPHILL GENERATORS LTD
• Techtronic Industries Co. Ltd.
• Honda Power Equipment
• WEN Products
• Westinghouse Electric Corporation
• DuroMax Power Equipment
• Firman Power Equipment
• Doosan Portable Power
• Ingersoll Rand
• Himoinsa S.L.
• Pramac Co.
• Ryobi Limited
• DeWalt Inc.
• Greenworks Tools
• ECHO Incorporated
• Lifan Power USA
• All Power America LLC
What Are The Key Trends In The Portable Generators Market?
• Hybrid and dual-fuel generators
• Smart generator technology
• Solar-powered portable generators
• Eco-friendly generators
• Integration of lithium-ion batteries
What Are The Segments Of The Global Portable Generators Market?
• By Fuel Type: Diesel, Gas, Other Fuel Types
• By Product Type: Conventional Portable Generator, Inverter Portable Generator
• By End-User: Residential, Commercial, Industrial
Which Region Leads The Portable Generators Market?
Asia-Pacific dominated the portable generators market in 2024, followed by North America. The other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Portable Generators Market Global Market Report?
• Market Size Analysis: Analyze the Portable Generators Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Portable Generators Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Portable Generators Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Portable Generators Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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