Portable Generator Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Portable Generator Market Growth & Trends

The global portable generator market size is expected to reach at USD 6.79 billion by 2030, registering a CAGR of 5.3% in the forecast period, according to a new report by Grand View Research, Inc. Factors such as the rising demand for electricity, the unreliable grid infrastructure, the desire for solutions for emergency backup power, and the requirement for a consistent supply of electricity are driving the market for portable generators. Moreover, power failures have prompted the introduction of standby power systems and portable generators, which may easily be carried out while meeting the need for a dependable and regular electricity supply.

With the increasing frequency of power outages and natural disasters, such as hurricanes, tornadoes, and wildfires, homeowners and businesses across the globe are becoming more reliant on portable generators to provide uninterrupted power supply during emergencies. When the power goes out, portable generators can provide a reliable source of electricity to keep essential appliances and equipment running, such as lights, refrigerators, medical equipment, and communication devices. This is particularly important for businesses that rely on electricity to operate, such as hospitals, data centers, and manufacturing plants.

Technological advancements are driving the market, with the development of smart and connected generators that can be controlled remotely using mobile apps. These generators are equipped with sensors and communication technology that enables users to monitor and adjust various parameters from their smartphones, making them more convenient and user-friendly. Moreover, portable generators are also use for providing power in remote locations, and they are designed to be lightweight, compact, and easy to transport.

The COVID-19 pandemic has had a significant impact on the market. One of the most notable effects has been the surge in demand for generators as people spend more time at home and invest in emergency preparedness. With many people working and learning from home, as well as spending more time cooking and entertaining, the need for backup power has become more important than ever.

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Portable Generator Market Report Highlights

• The gasoline generator segment dominated the market in 2022. The ability of gasoline generators that can be used for a variety of purposes, including powering outdoor events and supplying backup power to homes and businesses during power outages is a major factor driving the segment growth
• The medium power generators segment is expected to expand at the highest CAGR over the forecast period. The necessity for reliable backup power and remote power generation in businesses and organizations are the key factors driving demand for these generators
• The emergency segment dominated the market in 2022. The requirement for reliable backup power in the case of power outages or crises drives the need for emergency portable generators
• The industrial end use segment is expected to expand at a moderate CAGR over the forecast period. The segment's growth can be linked to the necessity for dependable backup power in industries that rely on continuous operations, such as manufacturing and data centers
• The Asia Pacific region dominated the regional market in 2022. The region's expanding construction sector is also increasing demand for portable generators for use on job sites to power tools and equipment

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Portable Generator Market Segmentation

Grand View Research has segmented the portable generator market on the basis of product, power range, application end-use, and region.

Portable Generator Product Outlook (Revenue, USD Million, 2017 - 2030)

• Diesel Generator
• Gaseous Generator
• Gasoline Generator
• Others

Portable Generator Power Range Outlook (Revenue, USD Million, 2017 - 2030)

• Low Power (8 - 20KW)
• Medium Power (21 - 370KW)
• High Power (371 - 450KW)

Portable Generator Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prime/Continuous
• Emergency

Portable Generator End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Residential
• Industrial
  • Construction
  • Mining
  • Oil & Gas
  • Others

Portable Generator Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players in the Portable Generator Market

• Briggs & Stratton Corporation
• Champion Power Equipment
• Caterpillar, Inc.
• Cummins Inc.
• Generac Power Systems, Inc.
• Kohler Co.
• Multiquip Inc.
• WINCO
• Yamaha Motor Corporation, U.S.A.
• Duromax Power Equipment

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.