Adroit Market Research - Industry Insights
Portable Generator Market by Fuel (Gasoline, Diesel, Gas), Application (Emergency, Prime/Continuous), End-User (Residential, Commercial, Industrial), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Global Forecast, 2018 to 2028
Sep 2020
Total Pages: 121
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Portable generators are made to provide alternating current for standalone and non-hardwired applications. The rising power outages due to changing weather conditions has resulted in a number of uninterrupted power supply. This is a key factor driving demand for the power generators in the global industry. As a result of an increasingly rising building and construction industry, the high use of portable generators also propels the business growth. Power tools of all types are commonly used in the construction sector, such as compressors, drills, air hammers and motors. Portable generators are primarily used for new construction and building projects especially at night and when electricity is not accessible from the power grid station.
The global portable generator market revenue is projected to reach close to USD 2.9 billion by 2028. The growing developments from the market is due to the increasing demand from countries like the United States, Puerto Rico and Mexico. Additionally, highly increasing power outages in developed and developing nations for stable and uninterrupted power supply are projected to push the global portable generator industry over the coming years.
.png "Global Portable Generator Market 2018-2028 (USD Billion)")
Electricity consumption in sectors such as automotive, defence and gas & oil, IT and telecommunications, aerospace, and agriculture has increased significantly from the last few years. Global electricity demand is projected to rise by 57 per cent from 2018 to 2050 due to increased adoption of electric vehicles. The high demand for continuous power supply is thus forecasted to increase the market growth over the coming years.
Key Segments of the Global Portable Generator Market
Fuel Type Overview, 2018-2028 (USD Billion, Million Units)
- Gasoline (Petrol)
- Diesel
- Natural Gas
- Others
Application Overview, 2018-2028 (USD Billion, Million Units)
- Emergency
- Prime/Continuous
End User Overview, 2018-2028 (USD Billion, Million Units)
- Residential
- Commercial
- Industrial
Regional Overview, 2018-2028 (USD Billion, Million Units)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global portable generator market.
- Portable generator is widely used for various end uses in residential and commercial sectors owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing prime or continuous applications, there is a rise in the demand for portable generator which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global portable generator market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the portable generator industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on fuel type, application and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global portable generator market. The report will benefit: Every stakeholder involved in the portable generator market.
- Managers within the portable generator industry looking to publish recent and forecasted statistics about the global portable generator market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global portable generator market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Growing awareness of global warming has resulted in increasing demand for biofuel powered portable generators as a renewable source of energy. Biofuel has same type of features in comparison to the petroleum-based fuels, and can be used in replacement for diesel fuels. Biofuel brings energy conservation to countries like Japan and Italy that import oil and natural gas from other nations. Biofuels can be extracted from canola, recycled cooking oil, soya, animal fats and wheat. Growing demand for generators driven by biofuel would provide industry leaders with a strategy for new developments in the industry. Strict environmental legislation to reduce carbon emissions are essential factors that restricts development in the industry. Mobile generators are subject to federal, national, and local pollution regulations. Environmental bodies such as India 's Central Emission Control Board (CPCB), the US Environmental Protection Agency (EPA), and the Europe Environmental Agency monitor the volume of carbon released by generators into the atmosphere. Moreover, a Form Approval Certificate for each generator is provided for any manufacturer, assembler and importer of portable generators.
Fuel Segment
Based on the fuel type, the market is segmented into gasoline (petrol), natural gas, diesel, and others. The gasoline (petrol) type leads the market growth in 2019 and it is anticipated to hold its CAGR during the forecast years. The gasoline fuels for the portable generators can be easily purchased from the market due to a number of stations available in the market. Moreover, the economical price of the gasoline fuels anticipates the major demand for the generators in the global industry. The use of fuel type provides a longer life to the product and its capacity to generate heavy outputs, Gasoline portable generators are largely used in the construction, mining, gas and oil industries.
Application Segment
In terms of the application segment, the market is segmented into emergency and prime/continuous. In 2019, the prime/continuous segment accumulated the fastest growth rate and is expected to continue the CAGR trend over the forecast years. Increasing construction activities are expected to create demand for portable generators for prime and continuous power applications in countries such as India, the UAE, China, Saudi Arabia and the US. However, the continuous need of power supply in the heavy machinery equipment industries in all over the globe has anticipated the demand for the prime portable generators in the market.
End Use Segment
In terms of the end use segment, the market is segmented into industrial, residential, and commercial. In 2019, the residential segment accumulated the major market share and is expected to continue the trend over the forecast years. The products are in high demand from the small machinery industries in use for the local manufacturing products. The commercial applications for the products from the industries are generally in the production of machineries such as agricultural, drills, air compressors and vibrators.
The Asia Pacific region dominated the overall market growth with a CAGR of more than 5.5% in 2019 and it is projected to keep its position during the forecast years 2018-2028. The factors such as demographic growth and increasing urbanization throughout the country are expected to boost market development over the coming years. Asia Pacific has one some of the fastest growing economies in the world as China and India. The growing initiatives form the government as green building and smart cities has witnessed a rise in the number of construction activities. This provides a reasonable demand and growth for the portable generators in the regional industry.
A large number of manufacturing facilities in the region from the producers such as Apple Inc., Sony Corporation and Volkswagen as the consumer electronics and automotive manufacturers has provided a high demand in the industry. However, the growing use of portable generators in small shops and for outdoor activities is projected to further boost demand development in the industry. Growing number of building projects in Middle East and Asia Pacific regions is a primary driving force of the global sector. Moreover, the large building and construction companies in the region are focused on acquiring smart and bio-based projects and the factor further drives the demand for portable generators. China and India, with a large number of manufacturing sectors is expected to have a fastest growth for the portable generators in the Asia Pacific market.
.png "Asia Pacific Portable Generator Market, 2018-2028 (USD Billion)")
The major players of the global portable generator market are Honda, Yamaha, Atlas Copco, Generac, and Briggs & Stratton. Moreover, the market comprises several other prominent players in the portable generator market as Kubota, Honeywell, Cummins, Kohler, Siemens, Caterpillar, Wacker Neuson, Eaton. The portable generator market consists of well-established global as well as local players. Additionally, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Portable generators are made to provide alternating current for standalone and non-hardwired applications. The rising power outages due to changing weather conditions has resulted in a number of uninterrupted power supply. This is a key factor driving demand for the power generators in the global industry. As a result of an increasingly rising building and construction industry, the high use of portable generators also propels the business growth. Power tools of all types are commonly used in the construction sector, such as compressors, drills, air hammers and motors. Portable generators are primarily used for new construction and building projects especially at night and when electricity is not accessible from the power grid station.
The global portable generator market revenue is projected to reach close to USD 2.9 billion by 2028. The growing developments from the market is due to the increasing demand from countries like the United States, Puerto Rico and Mexico. Additionally, highly increasing power outages in developed and developing nations for stable and uninterrupted power supply are projected to push the global portable generator industry over the coming years.
Electricity consumption in sectors such as automotive, defence and gas & oil, IT and telecommunications, aerospace, and agriculture has increased significantly from the last few years. Global electricity demand is projected to rise by 57 per cent from 2018 to 2050 due to increased adoption of electric vehicles. The high demand for continuous power supply is thus forecasted to increase the market growth over the coming years.
Key Segments of the Global Portable Generator Market
Fuel Type Overview, 2018-2028 (USD Billion, Million Units)
- Gasoline (Petrol)
- Diesel
- Natural Gas
- Others
Application Overview, 2018-2028 (USD Billion, Million Units)
- Emergency
- Prime/Continuous
End User Overview, 2018-2028 (USD Billion, Million Units)
- Residential
- Commercial
- Industrial
Regional Overview, 2018-2028 (USD Billion, Million Units)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global portable generator market.
- Portable generator is widely used for various end uses in residential and commercial sectors owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing prime or continuous applications, there is a rise in the demand for portable generator which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global portable generator market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the portable generator industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on fuel type, application and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global portable generator market. The report will benefit: Every stakeholder involved in the portable generator market.
- Managers within the portable generator industry looking to publish recent and forecasted statistics about the global portable generator market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global portable generator market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing Demand for Uninterrupted and Reliable Power Supply
4.3.1.2 Rising Concerns Over Power Stability during Natural Calamities
4.3.2 Restraints
4.3.2.1 Increasing Adoption of Energy Storage Technologies
4.3.2.2 Opportunities
4.3.3.1 Increasing Use of Bi-Fuel and Inverter Generators
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Portable Generator Market by Fuel Type
5.1 Introduction
5.1.1 Gasoline (Petrol)
5.1.2 Diesel
5.1.3 Natural Gas
5.1.4 Others
Chapter 6 Portable Generator Market by Application
6.1 Introduction
6.1.1 Emergency
6.1.2 Prime/Continuous
Chapter 7 Portable Generator Market by End Use
7.1 Introduction
7.1.1 Industrial
7.1.2 Residential
7.1.3 Commercial Buildings
Chapter 8 Portable Generator Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Customer Targeting
Chapter 10 Company Profiles
10.1 Honda
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Generac
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Yamaha
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Atlas Copco
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Briggs & Stratton
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Kubota
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Siemens
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Cummins
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Kohler
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 Caterpillar
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies