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Portable Generator Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21321

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Published on

July 2021

Total pages

212

Table of Content

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About the Report

About the Report

The portable generator is invented as a backup device to deliver temporary AC power for stand-alone and non-hardwired applications. These generators are made up of a starter, internal combustion engine, fuel tank, alternator, and outlets assembled onto a metal frame in a single unit. Nowadays, consumers mainly prefer portable generators because they can be easily moved from one place to another, also they are cost-effective.

The demand for Portable generators is mainly increasing on account of the growing construction sector, aging grid infrastructure, rising demand for uninterrupted power supply, promising real estate trends, rapid industrialization, Inaccurate grid structure along rapid population growth. Moreover, the rising incidence of weather-related disasters also propels market growth. For instance, as per the Human Cost of Disasters 2000-2019, Floods and storms were the most frequent events, and the last 20 years saw major floods more than double from 1,389 to 3,254, while storms grew from 1,457 to 2,034.

However, some of the restraints in the market include rising safety concerns and increasing manufacturing costs.

Based on Fuel, the market is fragmented into Gasoline, Diesel, Natural Gas, and Others. The Gasoline segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period as they are more reliable, run quieter, and produce less harmful carbon dioxide fumes. Gasoline portable generators are mainly used on temporary bases for low-load appliances. Also, it is the most common source of fuel and is easiest to obtain. For instance, the 4 kW Single Phase Bajaj Portable Petrol Generator runs on Gasoline is the most fuel-efficient in its range and is having low operating cost.

Based on Application, the market is fragmented into Emergency, and Prime/Continuous. The Emergency segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period. These Emergency generators are used mainly for shorter durations during outages. With the single filling, these generators run for 10-12 hours. The disruption of the transmission & distribution infrastructure due to the rise in natural disasters propels the high demand for Emergency Power Generators. For instance, as per the Our World in Data, there were 361 global disasters in 2019 as compared to 282 global disasters in 2018.

Based on Power Rating, the market is fragmented into Below 5 kW, 5-10 kW, and 10-20 kW. The 5-10 kW segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period owing to their high use in power applications such as pumps, air conditioners, drills, high-pressure washers, and industrial motors (up to 3 hp). Moreover, the rising awareness of in-house power backup also propels market growth. For instance, in February 2018, Generac introduced XC series portable generators, with a power rating of 6.5-8 kW for commercial and rental applications.

Based on End-user, the market is fragmented into Residential, Commercial, and Industrial. The Residential segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period due to the unreliability of power grids. The areas prone to abrupt power outages coupled with natural disasters also propel the segment growth. The range of Portable generators in various appliances to be used in residences such as lights, refrigerators, sump pumps, heaters, TVs, water purifiers, and air conditioners in emergencies include up to 6 kW. There was in total 4,73,127 Thousand Megawatt-hours Sales of Electricity to Ultimate Customers by Residences in the U.S. region in April 2021.

For a better understanding of the market adoption of Portable Generator, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Portable Generator market on account of being the largest consumer of electricity in the region. As per Energy.gov, the U.S. electric grid is an engineering marvel with more than 9,200 electric generating units having more than 1 million megawatts of generating capacity connected to more than 600,000 miles of transmission lines. Some of the major players operating in the market include Atlas Copco, Briggs & Stratton, Generac, Honda, Yamaha, Caterpillar, Cummins, Eaton, Honeywell, and Siemens. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Atlas Copco, Briggs & Stratton, Generac, Honda, Yamaha, Caterpillar, Cummins, Eaton, Honeywell, and Siemens

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Portable Generator Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Portable Generator Market

2.1.1. Main Objective of the Global Portable Generator Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL Portable Generator MARKET REVENUE (USD BN), 2019-2027F

6 MARKET INSIGHTS BY FUEL

6.1. Gasoline

6.2. Diesel

6.3. Natural Gas

6.4. Others

7 MARKET INSIGHTS BY APPLICATION

7.1. Emergency

7.2. Prime/Continuous

8 MARKET INSIGHTS BY POWER RATING

8.1. Below 5 kW

8.2. 5-10 kW

8.3. 10-20 kW

9 MARKET INSIGHTS BY END-USER

9.1. Residential

9.2. Commercial

9.3. Industrial

10 MARKET INSIGHTS BY REGION

10.1. North America Portable Generator Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Portable Generator Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Italy

10.2.5. Spain

10.2.6. Rest of Europe

10.3. Asia Pacific Portable Generator Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia Pacific

10.4. Rest of the World Portable Generator Market

11 DEMAND AND SUPPLY SIDE ANALYSIS

11.1. Demand Side Analysis

11.2. Supply Side Analysis

11.2.1. Top Product Launches

11.2.2. Top Business Partnerships

11.2.3. Top Business Expansions, Investments and Divestitures

11.2.4. Top Merger and Acquisitions

12 VALUE CHAIN ANALYSIS

13 GLOBAL PORTABLE GENERATOR MARKET TRENDS & INSIGHTS

14 GLOBAL PORTABLE GENERATOR MARKET DYNAMICS

14.1. Market Drivers

14.2. Market Challenges

14.3. Impact Analysis

15 GLOBAL PORTABLE GENERATOR MARKET OPPORTUNITIES

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

17 COMPANY PROFILED

17.1. Atlas Copco

17.2. Briggs & Stratton

17.3. Generac

17.4. Honda

17.5. Yamaha

17.6. Caterpillar

17.7. Cummins

17.8. Eaton

17.9. Honeywell

17.10. Siemens

18 DISCLAIMER

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