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Global Portable Generator Market Expected to Grow at a CAGR of 5.4% between 2021 and 2026.

According to a new report by EMR titled, 'Global Portable Generator Market Report and Forecast 2021-2026', the global portable generator market size was valued at USD 4.1 billion in 2020. The market is further expected to grow at a CAGR of 5.4% in the forecast period of 2021-2026.

The global portable generator market is expected to have North America as the largest market, globally, due to the growing power losses as a result of ageing electrical infrastructure. The market is accelerating due to the huge demand for the portable generator in economies such as the U.S., Puerto Rico, and Mexico. The Asia Pacific is anticipated to be a rapidly growing market for portable generators over the forecast period, especially India and China. Due to the current initiatives taken by the governments of India and China within the building and construction market like smart cities and green building initiatives, the demand for portable generators is expected to increase over the forecast period. Within end use segment, the residential segment is estimated to have the largest global market share, as the portable generators run on small to medium-sized loads, including household appliances.

Briggs & Stratton (NYSE: BGG) and Honda Motor Co., Ltd. (NYSE: HMC) are the some of the key players in the portable generator market. In January 2017, Briggs & Stratton brought to the market for sale, the first Bluetooth enabled portable generator. The model Portable Generator with StatStation® Wireless, which is part of Elite Series™ and has 8,000 Watt, features Bluetooth technology and is available on Amazon and HomeDepot. Due to its connectivity with Bluetooth, the portable generator becomes easy and convenient for operators to control the generator from the comfort of their home or office.

Market Analysis by Power Rating, Fuel Type, Application, End Use, and Region:

  • The portable generator market, on the basis of power rating, is divided into less than 5 kW, 5 kW–10 kW, and 10 kW-20kW.
  • On the basis of fuel type, the portable generator market is divided into gasoline (petrol), diesel, and natural gas, among others.
  • The market is divided on the basis of application into emergency and prime/continuous.
  • On the basis of end-use, the market is segmented into residential, commercial, and industrial.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global portable generator market is driven by the provision of alternative current (AC-based) for the non-hardwired and standalone applications.
  • The market is further aided by the rising global business downtime, owing to the increasing weather-related power outages, leading to the increased demand for unbroken power supply. 
  • The rapidly growing construction industry and the rising adoption of mobile generators are further enhancing the market for portable generator.
  • The portable generators are usually used for the new building projects, on which most of the job is worked upon at night or when the power grids do not avail energy, making the product ideal for adoption, further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global portable generator market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) market trends for the power rating, fuel type, application, end use, and regional markets of the global portable generator market. 
  • It gives an in-depth look into the regional price trends in the global portable generator market for the (2016-2020) and (2021-2026) periods.

Briggs & Stratton, Honda Motor Co., Ltd., Cummins Inc., Kohler Co., Yamaha Motor Co. Ltd., Kubota Corporation, and Atlas Copco, among others, are the key players in the global portable generator market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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