Portable Generator Market Trends, Share, Growth and Forecast 2023-2028

Portable Generator Market Trends, Share, Growth and Forecast 2023-2028

IMARC Group, a leading market research company, has released a report titled “Portable Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global portable generator market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

A portable generator is a self-contained device designed to provide electrical power in locations where a traditional electrical supply is unavailable or unreliable. It is a versatile and mobile solution for generating electricity, typically fueled by gasoline, propane, or diesel. Portable generators are equipped with an internal combustion engine that converts the stored fuel into mechanical energy, which, in turn, drives an alternator to produce electrical power. They come in various sizes and power outputs to cater to different energy demands, ranging from small units suitable for camping and outdoor activities to larger models capable of powering essential appliances during power outages or at remote construction sites. These generators offer several advantages, making them indispensable in various scenarios. Their portability allows users to easily transport them from one location to another, making them ideal for emergency situations or on-the-go power needs. Additionally, they provide a reliable backup power source, ensuring continuity of essential operations during blackouts or natural disasters. The flexibility and convenience offered by portable generators make them invaluable in industries like construction, events management, and outdoor recreational activities.

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Portable Generator Market Trends and Drivers:

With a rise in extreme weather events, natural disasters, and power grid instability, there is a growing demand for reliable backup power solutions. Portable generators offer a practical and accessible means for homeowners and businesses to maintain essential operations during power outages. Additionally, the ongoing industrialization and construction boom in emerging economies necessitate portable power sources for remote job sites and temporary operations. Portable generators fulfill the need for electricity in areas with limited or no access to a reliable power grid. Other than this, the popularity of outdoor recreational activities, such as camping, RVing, and tailgating, has surged in recent years. Portable generators cater to the power requirements of various devices and appliances, enhancing the overall outdoor experience. Besides this, the events and entertainment industry, including music festivals, sports events, and exhibitions, relies heavily on portable generators to meet the power demands of lighting, sound systems, and other equipment. In line with this, the introduction of hybrid and inverter generators has gained traction due to their quieter operation, improved fuel efficiency, and ability to power sensitive electronic devices, making them popular among residential and recreational users. Furthermore, the rise of do-it-yourself (DIY) culture has contributed to increased sales of portable generators, as homeowners seek versatile power solutions for various projects and emergencies. Moreover, advancements in generator technology, including the development of more fuel-efficient and environmentally friendly models, have expanded the appeal of portable generators. Not only this, but governments across the globe are emphasizing disaster preparedness and encouraging households and businesses to invest in backup power solutions, further boosting the portable generator market.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Fuel Type:

  • Portable Diesel Generators
  • Portable Gas Generators
  • Others

Breakup by Application:

  • Residential
  • Commercial
  • Industrial
  • Infrastructure

Breakup by Power Output:

  • Less than 3 kW
  • 3-10kW
  • More than 10kW

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Briggs & Stratton Corporation
  • Cummins Inc.
  • Honda Motor Co., Ltd.
  • Eaton Corporation PLC
  • Generac Power Systems Inc.

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