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Portable Generators Global Market Report 2022

Portable Generators Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6285602
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the portable generators market are Yamaha Motor Company Limited., Kohler Co., General Electric Company, Caterpillar Inc, Cummins Inc., Honeywell international Inc., Generac Power Systems Inc., Eaton, Briggs & Stratton Corporation, Atlas Copco (India) Ltd, WackerNeuson SE., Champion, WINCO, Harrington Generators International Ltd., Multiquip Inc, Kirloskar Electric co. ltd, Stanley Black & Decker Inc., STEPHILL GENERATORS LTD, and Techtronic Industries Co. Ltd.

The global portable generator market is expected to grow from $4.57 billion in 2021 to $4.90 billion in 2022 at a compound annual growth rate (CAGR) of 7.18%. The market is expected to grow to $6.21 billion in 2026 at a CAGR of 6.12%.

The portable generator market consists of sales of portable generators by entities (organizations, sole traders, or partnerships) that provide electrical power where electricity is unavailable or required for temporary purposes.A portable generator is a gas- or diesel-powered device designed typically to be an electrical generator which measures power in hours of use instead of days.

Portable generators provide electricity by running a gas-powered engine that turns an on-board alternator, which generate electrical power. These generators provide temporary, easily transportable electric power, and are very commonly found in daily operation on all work and leisure sites.

The main product types of portable generators are conventional portable generator and inverter portable generator.Inverter portable generators have varying speeds depending on the power required for a task; the more power required the faster the engine runs, making them more fuel-efficient.

Some of these generators also have fixed speed set points, which helps with loads changing too frequently as small loads turn on and off. The fuels used in portable generators are diesel, gas, and others and these generators are used by residential, commercial, and industrial end users.

The growing rate of urbanization coupled with the increasing frequency of power grid failures is propelling the growth of the portable generators market.Electricity is key to the economic progress of a nation but many countries in the world do not have proper grid infrastructure due to which there is an inadequate power supply which hampers operations of residential and industrial spaces.

Portable generators help provide a reliable power supply during a blackout and ensure continuous electricity supply for residential applications, as well.Moreover, rising concerns about power instability in the residential sector due to natural calamity, and uninterrupted operations are also driving the portable generator market.

For instance, in 2016, the urban population in Italy accounted for 69.86% which increased to 70.74%, in 2019. Furthermore, Egypt’s current annual urban growth rate year on year is 2%, this is expected to increase to 12% largely with the Egyptian government aiming to build new cities in their deserts. This surge in urbanization leads to an increase in the demand for portable generators.

The use of bi-fuel portable generators is a key trend gaining popularity in the portable generators market.Portable generator manufacturers have been working on technological advancements to help develop bi-fuel technology.

Bi-fuel portable generators provide fuel efficiency by making use of two fuel types, generally utilizing both diesel and natural gas, providing extended running times and significant reliability.These generators are scalable and reduce the costs of storing and managing large quantities of diesel fuel.

Furthermore, governments are implementing strict regulations primarily for diesel fuel-powered engines.Bi-fuel portable generators are more environmentally friendly emitting far less NOx and particulate matter than a standard diesel generator.

For instance, Generac’s Bi-Fuel™ are EPA certified and emit about 30% fewer nitrogen oxides and 50% less particulate matter than comparable diesel-only units.

In April 2019, Generac Holdings Inc., a company dealing with a wide range of residential, commercial, and industrial power products, announced the acquisition of Pika Energy, Inc., a manufacturer of portable generators and solar or grid power for homeowners and businesses, for an undisclosed amount. Through this acquisition, Generac Holdings further strengthened its energy portfolio. Pika Energy is based in Westbrook, USA, and was founded in 2010.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the Portable Generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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