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Global Portable Generator Market Size, Share, Growth, Forecast: By Fuel Type: Portable Diesel Generators, Portable Gas Generators, Others; By Power Output: Less than 3 kW, 3-10 kW, More than 10 kW; By Application: Residential, Commercial, Industrial, Infrastructure; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Portable Generator Market Outlook
The global portable generator market size attained a value of approximately USD 2.79 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.40%, reaching a value of around USD 4.49 billion by 2032.
Key Takeaways
| Year | Statistic | Value | Country/Region |
| 2021 | Least-electrified country | Only 7.7% of population with access to electricity | South Sudan, Africa |
| 2021 | Second least-electrified country |
Only 10% of population with access to electricity | Burundi, Africa |
| 2022 | Greatest source of electricity generation |
35.8% coal, 22% natural gas | Global |
| 2022 | Growth in global power generation |
+9.7% India, +7.9% Indonesia, +5.9% Saudi Arabia, +3.7% China, +3.2% United States |
India, Indonesia, Saudi Arabia, China, United States |
| 2022 | Electricity consumption per capita |
1.3 megawatt-hours | India |
Portable generators are a convenient and versatile power source that can be easily moved from place to place. They are rated by the amount of power they produce and are measured in watts. These generators work by converting mechanical energy into electrical energy, often using gas, diesel, or propane. They typically consist of an internal combustion engine, an alternator, a starter, a fuel tank, and outlets.
As per the portable generators market analysis, portable generators are commonly used for various purposes, including providing emergency power, powering appliances and tools, and for recreational activities such as camping and outdoor events. They are available in different types, including models for home backup and professional use. These generators are compact, easy to use, and offer a reliable power source, making them a practical solution for a wide range of power needs.
Portable generators offer several benefits, such as providing power during emergencies, for appliances, tools, and recreational uses. To avoid the risk of electricity supply disruption, which can interfere with various tasks, the demand for portable generators is on the rise. Moreover, the anticipated increase in development of commercial structures, such as shopping complexes, banquets, and theatres, among others, is expected to garner the growth of portable generator industry.
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Key Trends and Developments
Growing technological advancements, increasing power outages, and rising demand for portable generators from the residential sector are boosting the market growth
| Date | Event |
| February 2024 | Germany's National Hydrogen Council has announced that the first tenders for hydrogen-fueled power stations will be fast-tracked in the first half of 2024. This will ensure a stable power supply. |
| January 2024 | Champion Power Equipment has introduced the all-new 22 kW Home Standby generator which operates fully automatically and can handle housing power demands. |
| April 2023 | An agreement was signed by Cummins Inc. and Tata Motors to produce a variety of low- to zero-emission technology products in India which will provide a significant boost to India's Green Hydrogen Mission and net-zero goals. |
| May 2022 | Generac Power Systems, Inc. launched Powermate 7500-Watt Dual Fuel Portable Generator and Powermate 4500-Watt Dual Fuel Portable Generator for home tasks and to power small electrical appliances. |
| Trends | Impact |
| Increase in demand for backup power solutions | due to frequent power outages and grid instability Boosts the sales of portable generators across various regions, especially in developing countries where power infrastructure is inadequate or unreliable. |
| Rising environmental awareness and stringent regulations on emissions and noise levels of portable generators | Drives the innovation and development of eco-friendly and low-noise portable generators, such as those powered by propane, natural gas, or hybrid fuels, as well as those equipped with sound attenuators and catalytic converters. |
| Advancement in technology such as remote monitoring, smart control, and automatic transfer switch features. | Enhances the performance, efficiency, and convenience of portable generators, and the safety and security of users and equipment, by enabling real-time data collection, analysis, and control of the generator's operation. |
| Expansion of residential sector in regions experiencing population growth | The residential segment is promoting the portable generators market development with the prevalent installation of generators across households to ensure power availability. |
| Adoption of renewable energy sources such as solar and wind power | Creates new opportunities for portable generators to complement the variable nature of renewable energy sources, as well as to provide backup power during peak demand periods and ensure uninterrupted power supply. |
Global Portable Generator Market Trends
The increasing global business downtime due to the rising weather-related power outages has led to an increasing demand for uninterrupted power supply which has been invigorating the portable inverter generators market. Portable generators are used in domestic, commercial, and industrial applications to generate electricity. In the oil and gas sector, there is a rising demand for portable diesel gas generators to facilitate various activities such as drilling, pumping, and loading, that are contributing to the portable generator market development.
Whereas in the construction industry, portable generators are commonly used for new building projects where work is also done at night and in remote areas where energy from power grids may not be available. Furthermore, businesses have also adopted partnership strategies for the introduction of new technologies, operational performance improvements, and innovations which are pushing the portable generator market growth.
Challenges in the Portable Generator Market
| Challenge | Impact |
| Environmental regulations | Portable generators emit harmful gases that harm health and environment. They must follow strict emission standards and regulations, which may reduce their adoption and increase their costs. |
| Fuel price volatility | Portable generators use fossil fuels that fluctuate in supply and demand and are affected by geopolitical factors. This may impact their profitability and availability, especially in remote areas where fuel delivery is hard. |
| Competition from alternative sources | Portable generators compete with other backup power sources, such as solar panels, batteries, fuel cells, and microgrids, which have lower emissions, higher efficiency, and lower maintenance. Also, smart grids and distributed generation may reduce the need for portable generators. |
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Market Segmentation
Global Portable Generator Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Fuel Type | Portable Diesel Generators, Portable Gas Generators, Others |
| Power Output | Less than 3 kW, 3-10kW, More than 10kW |
| Application | Residential, Commercial, Industrial, Infrastructure |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Less than 3 kW power generators are expected to hold significant market share as they are affordable and widely used by residential sector
The portable generator market share is primarily dominated by less than 3kW power generators, which are extensively utilised in residential and commercial sector applications, such as for powering air conditioners. These generators serve as a dependable backup power source for small businesses and areas with limited grid power access. This range of low power portable generators can run necessary appliances and electronics during a power outage and is generally less expensive than larger standby generators.
Contrary, the 3-10 kW power generators segment is projected to experience the highest CAGR in the coming years. This growth can be attributed to the increasing adoption of medium power generators in various businesses and organisations, driven by the demand for remote power generation and reliable backup power. Furthermore, medium power generators' portability and adaptability make them ideal for mining operations, construction sites, and outdoor events.
Residential segment contributes to market growth due to the increasing frequency of severe weather events
According to portable generator market analysis, the residential segment holds the largest market share in the market, driven by the rising frequency of severe weather events, such as extreme rain and snowstorms, which can cause power outages. When there are power outages, homeowners rely on portable generators as backup power sources for electronics and other household necessities. Additionally, the demand for easy-to-use, compact, and portable generators is growing due to their multipurpose use, such as for camping trips and outdoor events, which is another key trend propelling the generator industry.
On the other hand, the portable generator market report notes that the industrial segment is expected to grow at a moderate rate, primarily due to the need for reliable backup power in manufacturing and data industries. This expansion is also fueled by the growing need for sustainable and clean energy, which has prompted the creation of portable generators that use alternative fuels like biofuel and solar-powered power generators and emits fewer emissions.
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Competitive Landscape
The leading suppliers within the market have embraced innovative product launches as a key growth strategy to achieve significant portable generator industry share, diversify their product portfolio, and maintain intense competition.
| Company | Year Founded | Headquarters | Product Portfolio |
| Briggs and Stratton Corporation | 1908 | Wisconsin, United States | Offers outdoor power equipment, including portable generators, pressure washers, home standby generators, and lawn and garden equipment. |
| Cummins Inc. | 1919 | Indiana, United States | Manufactures and distributes electric power generation systems, diesel and natural gas engines, and engine-related components and products. |
| Honda Motor Co., Ltd. | 1948 | Tokyo, Japan | Manufactures automobiles, motorcycles, power equipment, and other products. In the power equipment segment, the company offers portable generators, inverter generators, water pumps, tillers, and lawn mowers. |
| Eaton Corporation | 1911 | Dublin, Ireland | Offers a wide range of products, including electrical components, systems, and services for power distribution and control, and backup power protection products such as uninterruptible power systems (UPS) and power generators. |
Other key players in the global portable generator market include Generac Holdings Inc. (Generac Power Systems), KOHLER Co., Yamaha Motor Co., Ltd., KUBOTA Corporation, Atlas Copco AB, Caterpillar Inc, Champion Power Equipment, Inc., Wacker Neuson SE, Pulsar Products, Inc, DuroMax Power Equipment, and Westinghouse Electric Corporation, among others.
Global Portable Generator Market Analysis by Region
Asia Pacific is one of the leading regions due to the increasing demand for reliable and accessible power in emerging countries
The Asia Pacific portable generators market size is expected to witness substantial growth rate over the forecast period because of the growing need for dependable power in developing nations like China and India, where grid power is frequently unstable, particularly in rural areas. In these areas, portable generators provide a stable and affordable power option for residences, small enterprises, and farms. The demand for portable generators is also being fueled by the region's growing construction industry, especially for powering tools and equipment on job sites. The increased frequency of natural disasters like typhoons and earthquakes has further led to a growing need for emergency backup power, which is supporting the market’s growth as well.
Meanwhile, the North America portable generator market is witnessing a decent growth, supported by the increasing demand for power and the growing necessity for emergency backup power. This upsurge is driven by the extreme weather events, leading to a higher requirement for portable generators to ensure uninterrupted power supply for both commercial and residential purposes. As a result of frequent power outages and the growing need for backup power sources, there is an increasing demand for portable generators in the United States, which is the second-biggest energy consumer in the world.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel Type |
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| Breakup by Power Output |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Portable Generator Market Analysis
8.1 Key Industry Highlights
8.2 Global Portable Generator Historical Market (2018-2023)
8.3 Global Portable Generator Market Forecast (2024-2032)
8.4 Global Portable Generator Market by Fuel Type
8.4.1 Portable Diesel generators
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Portable Gas Generators
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Portable Generator Market by Power Output
8.5.1 Less than 3 kW
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 3-10 kW
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 More than 10 kW
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Portable Generator Market by Application
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Infrastructure
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Portable Generator Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Portable Generator Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Portable Generator Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Portable Generator Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Portable Generator Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Portable Generator Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Briggs and Stratton Corporation.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cummins Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honda Motor Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Eaton Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Generac Holdings Inc. (Generac Power Systems)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 KOHLER Co.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Yamaha Motor Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 KUBOTA Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Atlas Copco AB
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Caterpillar Inc
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Champion Power Equipment, Inc.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Wacker Neuson SE
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Pulsar Products, Inc
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 DuroMax Power Equipment
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Westinghouse Electric Corporation
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Portable Generator Market: Key Industry Highlights, 2018 and 2032
2. Global Portable Generator Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
3. Global Portable Generator Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
4. Global Portable Generator Historical Market: Breakup by Power Output (USD Million), 2018-2023
5. Global Portable Generator Market Forecast: Breakup by Power Output (USD Million), 2024-2032
6. Global Portable Generator Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Portable Generator Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Portable Generator Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Portable Generator Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Portable Generator Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Portable Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Portable Generator Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Portable Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Portable Generator Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Portable Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Portable Generator Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Portable Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Portable Generator Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Portable Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Portable Generator Market Structure
Key Questions Answered in the Report
In 2023, the portable generator market reached an approximate value of USD 2.79 billion.
The market is expected to grow at a CAGR of 5.40% between 2024 and 2032.
The portable generator market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.49 billion by 2032.
The major drivers of generators include increasing population, growing acceptance of mobile generators, and rising weather-related power outages.
The key market trends include growing technological advancements, increasing accessibility of portable generators, and rising demand for portable generators from the residential sector.
Major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Portable diesel generators, and gas generators, among others, are the significant fuel types of portable generators in the market.
Less than 3 kW, 3-10kW and more than 10kW are the primary power outputs of portable generators in the market.
Residential, commercial, industrial, and infrastructure are the significant applications of portable generators in the market.
Key players in the market are Briggs and Stratton Corporation, Cummins Inc., Honda Motor Co., Ltd., Eaton Corporation, Generac Holdings Inc. (Generac Power Systems), KOHLER Co., Yamaha Motor Co., Ltd., KUBOTA Corporation, Atlas Copco AB, Caterpillar Inc, Champion Power Equipment, Inc., Wacker Neuson SE, Pulsar Products, Inc, DuroMax Power Equipment, and Westinghouse Electric Corporation, among others.
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