Global Portable Generator Market 2025 –2034

Reports Description

The global Portable Generator market size was estimated at USD 4.4 billion in 2021 and is expected to reach USD 5.2 billion in 2022, and is anticipated to reach around USD 7 billion by 2030, growing at a CAGR of roughly 5% between 2022 and 2030. Our research report offers a 360-degree view of the Portable Generator market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Portable Generator market.

Portable Generator Market: Overview

Energy and power are essential for a nation’s economic growth. However, a number of these economies still lack adequate grid infrastructure. The inadequate power supply significantly impacts small and medium-sized enterprises (SMEs) and reliable power supply in the event of a blackout. Chronic outages, a lack of power supply, shifting consumer preferences, and ongoing infrastructure development will shape the Portable Generator s market trends globally over the next few years.

Portable Generator Market: COVID–19 Impact Analysis

Public curfews and restrictions on work-related travel imposed due to the COVID-19 pandemic interrupted industry activities across all sectors. Market statistics are expected to boost due to the expanding digital revolution brought on by technical advancements and industrial automation. The market for Portable generators s is anticipated to boost as businesses and homes need more electricity.

Many industries implemented a work-from-home strategy to operate remotely since the lockdown in the first half of 2020, increasing domestic electricity demand. A few nations lacked the round-the-clock electricity requirement for nine-hour home jobs. It increased the demand for Portable generators s and is expected to keep growing.

The qualitative and quantitative components of the market are examined throughout the research report. Both supply and demand are examined. The demand side study contrasts market income between various geographic areas and nations. The supply-side research examines the presence and strategies of significant competitors on a regional and global scale. In-depth research has been done on North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

Portable Generator Market: Growth Drivers

Rising Power Outages and Ageing Power Grids

Aging grid infrastructure is more challenging than power outages, as electricity transmission and distribution infrastructure act as a backbone of the power sector in any country. Transmission systems that have not been properly modernized cannot support increased power demands and, in extreme situations, can even fail, resulting in a power outage.

In industrialized nations, transmission and distribution networks were built quite some time ago, and even with routine maintenance, the infrastructure will eventually deteriorate over time. The NARUC in the US estimates that coal, gas, and nuclear power plants can operate effectively for about 40 years. The life cycle of grids is reaching the end attributed to which economies, such as the US, Germany, and the UK, have been focusing on the replacement and modernization of their aging power infrastructure.

Furthermore, severe weather is also anticipated to fuel the growth of the Portable Generator s market. For instance, the electrical system in the US is susceptible to unplanned and frequent power outages. Thus, growing consumer awareness of emergency preparedness and rising expenditures on backup power solutions will both support market growth.

According to the DoE and the NERC, a system that can handle unpredictable power outrages is the only way to guarantee uninterrupted power. Given that the average length of US power outages is over an hour and that number has been progressively rising over the past several years, the US experiences more blackouts than any other developed nation. The annual cost of these outages to American enterprises is almost USD 150 billion.

The Surge in Adoption of Low-Cost Generators

The market for Portable generators s is expected to boost along with the demand for power backup facilities, low-cost, diesel-fueled, natural gas-fueled, and increased consumer awareness of Portable generators s. However, the short duration of power supply and strict environmental laws regarding the emission of harmful gases from diesel generators may act as restraining factors.

Portable Generator Market: Segmentation Analysis

In our research scope, the Portable Generator market is segmented into fuel, power output, and application. By fuel, the gasoline segment is estimated to hold the largest market share in 2021. Portable gasoline generators are commonly employed for short-term, irregular, or low-load applications. Gasoline is the most widely used and convenient fuel, although it is extremely flammable and dangerous to store in large quantities. Moreover, gasoline (petrol) is expensive, and it often uses the least amount of fuel to power a generator, at least for extended periods. It is employed in various emergencies, camping, and hunting. Generators powered by gasoline (petrol) operate more quietly and emit fewer dangerous carbon dioxide fumes.

Report Scope

Key Insights:

• As per the analysis shared by our research analyst, the Portable Generator market is estimated to grow annually at a CAGR of around 5% over the forecast period (2025-2034).
• In terms of revenue, the Portable Generator market size was valued at around USD 4.4 billion in 2021 and is projected to reach USD 7 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on fuel segmentation, the gasoline segment was predicted to show maximum market share in the year 2021.
• Based on power output segmentation, the 5kW-10kW segment was the leading revenue-generating category in 2021.
• Based on application segmentation, the residential segment was the leading revenue-generating category in 2021.
• On the basis of region, the North America region was the leading revenue generator in 2021.

Recent Development

• June 2022: Honda Power Sports & Products unveiled Honda EU3200i, Super Quiet EU Series portfolio. Compared to the Honda EU3000i Handi generator, the high-output Honda EU3200i offers more power and convenience in a small, portable form.
• January 2021: Cummins introduced the QG 2800i and 2500i generators for the recreational vehicle industry, which are 60% quieter RV inverter generators. Fuel and liquid propane can be used to power these generators. 2.8 kW and 2.5 kW inverter-based generator sets, the Onan QG 2800i and 2500i are designed particularly for Class B and truck campers

Regional Landscape

In 2021, the North American region dominated the Portable Generator market. The US, Canada, and Mexico are included in the North American region. After the Asia Pacific, North America is the region that consumes and produces the most electricity. US and Canada accounted for the largest portion of revenues generated by the Portable Generator market. The Portable Generator market in these regions is anticipated to be driven by power disruptions, the expansion of the natural gas network, and high peak electricity rates.

In addition, the US Department of Energy reports that 72.0% of the country’s electricity infrastructure is older than 25 years old and is rapidly approaching the end of its useful life span. By 2025, all sectors of the nation’s infrastructure are anticipated to receive USD 1 trillion in investments.

Competitive Landscape

The leading manufacturers implement a variety of strategies, including acquisitions and mergers. The leading players also employ new product launches and focus on ongoing technological breakthroughs in their strategy. By investing in R&D, the businesses are also attempting to hold the market share.

Our report offers both quantitative and qualitative insights into the Portable Generator market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global Portable Generator market is segmented as follows:

By Fuel

• Gasoline
• Diesel
• Others

By Power Output

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

By Application

• Domestic
• Industrial
• Commercial

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America