The global portable generator market size was USD 4.86 billion in 2023, calculated at USD 5.14 billion in 2024 and is projected to surpass around USD 8.95 billion by 2034, expanding at a CAGR of 5.7% from 2024 to 2034.
The global portable generator market size accounted for USD 5.14 billion in 2024 and is expected to be worth around USD 8.95 billion by 2034, at a CAGR of 5.7% from 2024 to 2034. The growth of portable generator market is driven by increasing concerns over power stability for uninterrupted business operations during natural calamities.
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The Asia Pacific portable generator market size was estimated at USD 1.85 billion in 2023 and is predicted to be worth around USD 3.40 billion by 2034, at a CAGR of 5.9% from 2024 to 2034.
The research report covers important trends and predictions of portable generator products across diverse topographical regions counting North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Asia Pacific signifies profitable growth opportunities for portable generators sector. Asia Pacific is the home to 2 of the rapidly advancing nations such as India and China. As per, Energy Information Administration (EIA), nearby 70% of the upsurge in residential energy consumption arises from Asia-Pacific. This consumption is led by China and India on account of improving standards of living and high demand for energy-using appliances, lighting and equipment. Further, construction sector is on the escalation in India and China owed to present government initiatives including smart cities and green building campaigns. This in turn predicted to support the demand for portable generators across this region.
India is predictable to perceive the fastest relative development in per person residential energy usage due to augmented access to energy sources, thus collective number of power outages in the residential area are likely to upsurge the need for portable generators during years to come. Further, considerable market growth is accredited to the huge demand for portable generators in nations such as the Mexico, U.S., and Puerto Rico.
Additionally, rising number of weather-associated power outages and the cumulative demand for reliable and uninterrupted power supply in developing and developed nations are predicted to boost the global portable generator sector during the estimate period. Cumulative consciousness of global warming has occurred in the rising need for portable generators based a sustainable energy source such as biofuel. It has chemical characteristics analogous to that of petroleum-based fuels and henceforth, it can be used as a direct alternative for diesel fuel.
In the present times, a power outage indicates an unexpected termination of connectivity with the rest of the globe. Present fast-paced world which is firmly networked over a virtual space, an interruption in connectivity sternly deterrents smooth operability of commerce. This leads to interferences in accomplishment of mission critical tasks, irreparable harm to an establishment’s repute, loss of faith amongst customers, and ultimately, forfeit of revenues. Snowballing implementation of portable generators owed to a speedily rising construction sector is also pushing market growth. Power tools of different sizes including drives, drills, air hammers, and compressors are widely employed in the construction industry. Portable generators are employed widely for novel construction projects, where most of the activity is conducted at night and in circumstances where power from power grids is not reachable.
Further, the untimely outburst of COVID-19 has caused in ceased industry maneuvers across the world. Rising digital revolution due to technological advancement in IT sector shadowed by virus outstretched has occasioned in unexpected upsurge in industry automation. Consequently, intensifying urgency to address to the heightened electricity demand mainly from commercial and residential sector is set to augment the portable generators industry prospect.
| Report Highlights | Details |
| Market Size in 2023 | USD 4.86 Billion |
| Market Size in 2024 | USD 5.14 Billion |
| Market Size by 2034 | USD 8.95 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 5.7% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Portable Diesel Generators Segment Reported Major Market Cut in 2023
Based on type of fuel used, the market has been broken down into portable gas generators, portable diesel generators, and others. Presently, portable diesel generators are the most popular type of generators due to their more consistent, effective and sturdy performance compared with natural gas or petroleum generators. Gasoline portable generators have a key advantage of the obtainability of fuel stations and are moderately less costly if employed for running portable generators for a smallspan, which is expected to upsurge its demand.
Three-phase portable generators market is projected to offer significant growth during years to come. Influences such as prerequisite for nominal wiring plus easier machinery & lower weight in comparison with their accessible counterparts would augment the complete market scenario. Furthermore, effectual power supply, system flexibility, and finest material requirement are some of the protuberant features supplementing the product acceptance.
Residential Application Sector is Predictable to Rule the Portable generator Market Revenue
The residential segment is anticipated to be the principal market for portable generators throughout the prediction period. It accounted considerable power demand worldwide due to urbanization, population growth, and numerous other factors.The industrial and commercial sectors of developing economies, residential area of established economies, and the snowballing requirement for power in defense operations are predictable to offer noteworthy prospects for market contributors in the impending years.
Major Market Segments Covered
By Application
By Fuel
By Power Rating
By End User
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Portable Generator Market
5.1. COVID-19 Landscape: Portable Generator Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Portable Generator Market, By Product
8.1. Portable Generator Market, by Product Type, 2024-2034
8.1.1. Diesel
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Gaseous
8.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Portable Generator Market, By Application
9.1. Portable Generator Market, by Application, 2024-2034
9.1.1. Commercial
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Residential
9.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Portable Generator Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2034)
Chapter 11. Company Profiles
11.1. Cummins, Inc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Generac Power Systems Inc
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Kohler Co
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Multiquip, Inc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. WINCOWackerNeuson SE
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Harrington Generators International Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Briggs & Stratton Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Caterpillar Inc
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Honda Siel Power Products Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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