The global portable generator market was worth US$ 4.3 Billion in 2018. The market is further projected to reach a value of US$ 6.3 Billion by 2024, exhibiting a CAGR of 6.7% during 2019-2024. Portable generators are backup devices designed to provide temporary AC power for non-hardwired, stand-alone applications. These generators consist of internal combustion engine, starter, alternator, fuel tank and outlets which are assembled together onto a metal frame in a single unit. Low-end models of portable generators support few basic home appliances, whereas, the high-end models can provide power backup to the whole house. Nowadays, portable generators are gaining traction among the consumers as they are cost-effective and can be easily moved from one place to another.
Global Portable Generator Market Drivers/Constraints:
Market Breakup by Fuel Type:
Based on fuel type, the market has been segmented into portable diesel generators, portable gas generators and others. Currently, portable diesel generators are the most popular segment as they are more reliable, efficient and sturdy than petroleum or natural gas generators.
Market Breakup by Application:
On the basis of application, the residential sector represents the largest segment, accounting for the majority of the global share as portable generators are used to run essential appliances, such as lights, refrigerators, fans, etc. during power outages or bad weather conditions. Residential sector is followed by the commercial, infrastructure and industrial sectors.
Market Breakup by Power Output:
Based on power output, the market has been segregated as less than 3kW, 3-10kW and more than 20kW. Amongst these, the less than 3kW category dominates the market as these generators are compact and easy to transport, owing to which they are generally used for recreational activities and powering minor tools.
Region-wise, Asia Pacific is the leading market for portable generators, holding the largest market share due to the lack of proper power infrastructure in the region. Other major regions include Europe, North America, Middle East and Africa, and Latin America.
The global portable generator industry is fragmented as there are a large number of players present at both the regional and global level. Some of the leading players operating in the market are:
This report provides a deep insight into the global portable generator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the portable generator market in any manner.
Key Questions Answered in This Report:
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