Portable Generator Market Revenue to Hit US$ 7.01 Billion by 2030

Precedence Research has published a new report titled, "Portable Generator Market (By Product: Diesel, and Gaseous; By Application: Commercial, Industrial and Residential) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook and Forecast 2021 - 2030". According to the study, the global portable generator market is expected to reach a market size of US$ 7.01 Billion by the end of 2030 and register a high revenue CAGR of 5.34% from 2021 to 2030. The growth of portable generator market is driven by increasing concerns overpower stability for uninterrupted business operations during natural calamities.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, and the overall market environment.

An electrical generator is a device that operates on the principle of EMI or electromagnetic induction to produce electrical energy from mechanical energy. For instance, turbine rotation with the help of force created by falling water, hand crank, wind turbine, an internal combustion engine, solar energy, or any other comparable source. Generators are classified into portable and stationary generators. Portable units are not intended for permanent fitting instead are meant to momentarily energize a limited critical application thru external cords. Further, they operate with stand-alone applications. Portable residential generators find usage to supply vital home power requirements during power-outages, for running cabin appliances, or for power tools requiredthroughout projects. Recreational generators are transportable and are lighter and make less sound. Furthermore, these units are frequently traded to outdoor enthusiasts. Several models of portable units can be fueled by means of one or more of explicit energy sources such as diesel, gasoline, bio-diesel, propane or natural gas. Maximum portable units are air-cooled and henceforth ought to be functioned in the open for attaining air ventilation.

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Growth Factors

Cumulative acceptance of portable generators due to a rapidly expanding construction sector is fueling growth of portable generator market. Portable units are typically used when backup power requirements are low or only momentary. These assist as handy accessories in residential applications tooffer energy for sump pumps, lighting, particular essential appliances such as refrigerators and air conditioners, and vital medical equipment. Furthermore, portable generators are used infarms, construction sites, motor homes, camping trips and recreation vehicles among others. These generators usually find application in trailers where there is need for small power output. Due to compact and lightweight features, they can be accessibly stored in the backside of a tow vehicle or the trailer compartment. Increasing digital revolution owed to technological advancement in IT area followed by virus outstretched has caused in unexpected increase in industry automation.

Growing responsiveness of global warming has occasioned in rising need for portable generators based on a sustainable energy source such as biofuel. Biofuel has chemical appearances comparable to that of petroleum-based fuels and henceforth, it can be employed as a direct alternative for diesel fuel. Additionally, biofuel proposes energy independence to nations such as Italy and Japan who import natural gas and petroleum from other nations. Biofuel is produced from sources such as canola, soybean, corn, animal fats and used cooking oil. Increasing requirement for biofuel powered generators is expected to offer lucrative opportunity to market participants during years to come.

Report Highlights

• Geographically, Asia Pacific seized major cut of the global portable generator market in 2020.
• The residential end-user segment is predicted to be the potential market for global portable generators during impending years
• Presently, portable diesel generators are the most prevalent type of generators as they are more effective, reliable and robust compared with natural gas and petroleum generators.

Regional Snapshots

Portable generators are utilized in small shops throughout several outdoor functions and events and in Asia Pacific. APAC is predicted to grasp majority of the market share and expected to uphold this dominance during years to come. After Asia Pacific, North America accounted for considerable stake in the portable generators market. Upsurge in natural calamities in this region in the form of hurricanes are hindering power usage. This in turn flourishes the sale of portable generators across this region. Furthermore, portable generators find application in mining sites and drilling sitesLatin America and in Middle East & Africa due to the less obtain ability of power supply.

Key Players:

The portable generator market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Top Manufacturers in the portable generator market are

• Cummins, Inc
• Generac Power Systems Inc
• Kohler Co
• Multiquip, Inc
• WINCOWackerNeuson SE
• Harrington Generators International Ltd
• Briggs & Stratton Corporation
• Caterpillar Inc
• Honda Siel Power Products Ltd.

Major Market Segments Covered:

By Type

• Diesel
• Gaseous

By Application

• Commercial
• Industrial
• Residential

By Geography

• North America
  • • U.S.
    • Canada
• Europe
  • • Germany
    • France
    • United Kingdom
    • Rest of Europe
• Asia Pacific
  • • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
• Latin America
  • • Brazil
    • Rest of Latin America
• Middle East & Africa (MEA)
• • • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa

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