Portable Generator Market by Fuel, Application, Power Rating, End-user and Region - Global Forecast to 2026

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Apr 22, 2021, 18:45 ET

DUBLIN, April 22, 2021 /PRNewswire/ -- The "Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5-10 kW, 10-20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The portable generator market is projected to reach USD 2.5 billion by 2026 from an estimated USD 1.8 billion in 2021, at a CAGR of 6.7% during the forecast period.

Frequent power outages due to weather and aging grids are the main drivers for the portable generator market. Increasing adoption of dual fuel and inverter portable generators are expected to offer lucrative opportunities for the portable generator market during the forecast period. However, limited power generation capacity of portable generators acts as a restraint for the product.

The prime/continuous, by application, is expected to be the fastest-growing market from 2021 to 2026.

The prime/continuous segment is projected to grow at the highest CAGR from 2021-2026. The growth of this segment is driven by increasing demand for reliable power. Prime power generators are accessible for a limited number of hours in non-variable load situations, whereas continuous power generators are used in applications at a constant 100% load for an unlimited number of hours. Prime generators can accommodate varying loads on an unlimited basis throughout the year. However, the average load factor cannot exceed 70% of the prime rating, whereas the average output of a continuous power genset is 70-100% of the rating and is designed to provide 100% power for every operating hour during the year.

The gasoline (petrol) segment, by fuel, is expected to be the largest market from 2021 to 2026.

The report segments the portable generator market, by fuel, into gasoline (petrol), diesel, natural gas, and others. The market for gasoline (petrol) is expected to hold the highest market share during the forecast period. Gasoline portable generators have a major advantage as gasoline fuel stations are available everywhere and are comparatively less expensive if used for running portable generators for a shorter period of time, which is likely to increase their demand in the portable generator market globally. Gasoline portable generators are majorly used for temporary, intermittent, or low-load applications.

Asia Pacific: The fastest growing region in the portable generator market.

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Rest of Asia Pacific includes Indonesia, Singapore, Malaysia, Taiwan, and Thailand. China dominated the portable generator market in Asia Pacific followed by India during the forecast period. According to the Asian Development Bank (ADB), the region's share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010. The industrial sector in China contributed more than 37% of its GDP in 2020. The growth of the industrial sector has tremendously increased power production and consumption in China. These factors have made China one of the most lucrative markets for the power industry.

In India, Government initiatives such as foreign direct investments in many sectors and the Make in India project are expected to create growth opportunities for the industrial sector. Furthermore, growing population and increasing per capita income are the key drivers behind the growing demand for energy in the Asia Pacific region. All these factors are creating a demand for power in the country, consequently resulting in the demand for portable generators.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Portable Generator Market
4.2 Portable Generator Market, by Region
4.3 Portable Generator Market in North America, by End-user & Country
4.4 Portable Generator Market, by Application
4.5 Portable Generator Market, by Fuel
4.6 Portable Generator Market, by Power Rating
4.7 Portable Generator Market, by End-user

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
5.3 Road to Recovery
5.4 COVID-19 Economic Assessment
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Growing Demand for Continuous and Reliable Power Supply During Blackouts
5.5.1.2 Increasing Instances of Power Outages Owing to Aging Grid Infrastructure and Extreme Weather Conditions
5.5.2 Restraints
5.5.2.1 Limited Power Generation Capacity of Portable Generators
5.5.3 Opportunities
5.5.3.1 Increasing Adoption of Dual Fuel and Inverter Portable Generators
5.5.4 Challenges
5.5.4.1 Stringent Government Regulations Pertaining to Emissions from Diesel Engines
5.5.4.2 Adoption of Energy Storage Technologies Due to Price Drop
5.5.4.3 Impact of COVID-19 on Portable Generator Market
5.6 Trends
5.6.1 Revenue Shift & New Revenue Pockets for Portable Generator Manufacturers
5.7 Market Map
5.8 Average Pricing of Portable Generators
5.9 Trade Statistics
5.10 Value Chain Analysis
5.10.1 Raw Material Providers/Suppliers
5.10.2 Component Manufacturers
5.10.3 Portable Generator Manufacturers/Assemblers
5.10.4 End-users
5.10.5 Post-Sales Services
5.11 Technology Analysis
5.11.1 Safety Technology for Portable Generators
5.11.2 Hybrid Generators
5.12 Tariff and Regulatory Landscape
5.13 Portable Generator: Patent Analysis
5.13.1 Innovations & Patent Registration
5.14 Porter's Five Forces Analysis
5.14.1 Threat of New Entrants
5.14.2 Threat of Substitutes
5.14.3 Bargaining Power of Suppliers
5.14.4 Bargaining Power of Buyers
5.14.5 Rivalry Among Existing Competitors

6 Portable Generator Market, by Application
6.1 Introduction
6.2 Emergency
6.2.1 Increasing Weather-Related Power Outages Driving Market Growth
6.3 Prime/ContinuoUS
6.3.1 Increasing Demand for Reliable Power from Small Commercial Establishments Located in Remote Locations

7 Portable Generator Market, by Fuel
7.1 Introduction
7.2 Gasoline (Petrol)
7.2.1 Easy Availability of Gasoline to Generate Demand in Portable Generator Market
7.3 Diesel
7.3.1 Better Fuel Efficiency and Low Maintenance Requirements Driving Diesel-Powered Portable Generators
7.4 Natural Gas
7.4.1 Growing Demand for Clean Energy to Drive Market
7.5 Others

8 Portable Generator Market, by Power Rating
8.1 Introduction
8.2 Below 5 Kw
8.2.1 Light Weight and High Fuel Efficiency Drive Market Growth
8.3 5-10 Kw
8.3.1 Frequent Power Outages to Boost Demand
8.4 10-20 Kw
8.4.1 Need for Reliable Power Supply in Industrial and Commercial Businesses Drives Market Growth

9 Portable Generator Market, by End-user
9.1 Introduction
9.2 Residential
9.2.1 Frequent Blackouts Owing to Aging Grid Infrastructure Driving Market Growth
9.3 Commercial
9.3.1 Increasing Demand for Reliable Power from Small Commercial Establishments
9.4 Industrial
9.4.1 Rise in Adoption of Portable Generators in Construction Activities Driving Market

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Asia-Pacific
10.4 Europe
10.5 Middle East & Africa
10.6 South America

11 Competitive Landscape
11.1 Key Players Strategies
11.2 Market Share Analysis of Top Five Players
11.3 Market Evaluation Framework
11.4 Revenue Analysis of Top Five Market Players
11.5 Company Evaluation Quadrant
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive
11.5.4 Participants
11.6 Competitive Leadership Mapping of Start-Ups
11.6.1 Progressive Company
11.6.2 Responsive Company
11.6.3 Starting Block
11.6.4 Dynamic Company
11.7 Competitive Scenario

12 Company Profiles
12.1 Major Players
12.1.1 Atlas Copco
12.1.2 Briggs & Stratton
12.1.3 Generac
12.1.4 Honda
12.1.5 Yamaha
12.1.6 Caterpillar
12.1.7 Cummins
12.1.8 Eaton
12.1.9 Honeywell
12.1.10 Siemens
12.1.11 Wacker Neuson
12.1.12 Kubota
12.1.13 Kohler
12.1.14 Champion
12.1.15 Inmesol
12.1.16 Himoinsa
12.1.17 Duromax
12.1.18 Loncin
12.1.19 Wen Products
12.1.20 Pulsar Products
12.2 Startup/SME Players
12.2.1 Serenelife
12.2.2 Ecoflow Tech
12.2.3 Mesa Natural Gas Solutions
12.2.4 Poweroak Newener
12.2.5 Sichuan Leton
12.2.6 Fujian Epos Electric Machinery

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: The Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

For more information about this report visit https://www.researchandmarkets.com/r/elx53j

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