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Asia Pacific Portable Generators Market Size
Asia Pacific Portable Generators Market size was valued at USD 3.9 billion in 2023 and is poised to witness over 4.5% CAGR between 2024 and 2032.
A portable generator is a mobile device specifically designed to generate electrical power in situations where access to the conventional power grid is unavailable. It consists of an internal combustion engine that runs on various fuels and an alternator responsible for converting mechanical energy into electrical energy. The engine drives the alternator, which produces electricity for running a variety of appliances and devices.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 3.9 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 4.4% |
2032 Value Projection: | USD 5.7 Billion |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 482 |
Segments covered: | Product, Fuel & Power Rating, Phase, End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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COVID– 19 Impact
The Asia Pacific portable generator industry remained largely unaffected by the COVID-19 pandemic. Instead, it has observed substantial growth due to the increasing adoption of remote work arrangements and a growing consumer demand for reliable electricity supply. Moreover, the industry has benefited from the increased demand for emergency backup power during crises and the establishment of specialized healthcare facilities, which have all contributed positively to its expansion.
Asia Pacific Portable Generators Market Trends
Portable generators are becoming more advanced with the integration of smart technology. These generators can be controlled remotely via smartphone apps, provide real-time monitoring, and offer automatic start-up during power outages. There is a growing trend toward portable generators that run on cleaner energy sources such as propane, natural gas, or solar power. Consumers are increasingly concerned about environmental impact and are looking for more sustainable power options.
Asia Pacific Portable Generators Market Analysis
The single phase generator sets industry is characterized by the active participation of multinational corporations and a growing presence of specialized regional entities, driven by increasing customer inclination and the existence of unreliable grid infrastructure. These generators are particularly suitable for residential and small commercial settings due to their operational effectiveness in handling low power range applications and their relatively minimal maintenance demands.
The diesel gensets market is projected to register gains at over 4% from 2023 to 2032. The construction and mining industries have been major consumers of diesel portable gensets. These machines are used to power construction equipment and remote mining operations, and the growth in these sectors was contributing to the demand for diesel generators.
The conventional portable generator segment held around 60% of the Asia Pacific portable generators market share in 2022. Growing concerns about power outages caused by extreme weather events and aging grid infrastructure have led to a rising demand for portable generators as reliable backup power sources. Integration of smart technology including remote monitoring and control through mobile apps will energize the industry dynamic.
The residential industry is set to surpass USD 800 million by 2032. Growing demand for backup power solutions coupled with increasing investments in generators to ensure uninterrupted power supply during outages caused by severe weather, grid failures, or other emergencies will positively impact the Asia Pacific portable generators market landscape.
The China portable generators sets market size reached USD 1.13 billion in 2022. Environmental concerns and noise pollution regulations were leading to a shift in the market towards cleaner and quieter generator options. Inverter generators and models with advanced noise reduction features were gaining popularity. Implementation of stricter emission standards for generators along with ongoing technological advancements will drive the industry growth.
Asia Pacific Portable Generators Market Share
The major players operating in the Asia Pacific portable generators market includes :
- Kirloskar
- Honda Motor
- Hyundai Power Equipment
- Generac Power Systems
- Briggs & Stratton
- Colorado Standby
- Denyo Co., Ltd.
- Cummins
- Yamaha Motor Co.
- Westinghouse Electric Corporation
- HIMOINSA
- Caterpillar
- DuroMax Power Equipment
- Kohler
- Mitsubishi Heavy Industries
- Deere & Company
- Atlas Copco
- Energizer
- Atlas Copco
- PR Industrial
Asia Pacific Portable Generators Industry News
- In November 2022, Cummins Inc. partnered with Exergy Energy, a manufacturer of power backup solutions. This strategic partnership will empower the client's location to seamlessly operate its entire facility during grid outages or periods of peak demand, leveraging the comprehensive Cummins power system solutions. These solutions encompass generator sets, energy storage systems, and switching equipment. This collaboration stands as a pivotal element for both organizations, enhancing their market presence significantly.
- In September 2020, Honda Power Equipment, a group of Honda India Power Products Ltd. launched its ‘Honda My Generator Bluetooth App’. This app enables users to start, stop, and monitor their electric-based generator sets via Bluetooth interface on their smartphones. The advancement will support the customers to monitor their gensets remotely further enabling the company to maintain its competitive advantage.
This Asia Pacific portable generators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:
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By Product
- Conventional Portable
- Inverter Portable
By Fuel & Power Rating
- Diesel
- < 20 kW
- 20 - 50 kW
- > 50 - 100 kW
- Gasoline
- < 2 kW
- 2 kW - 5 kW
- 6 kW - 8 kW
- > 8 kW - 15 kW
- Others
By Phase
- Single Phase
- Three Phase
By End Use
- Residential
- Commercial
- Construction
The above information has been provided for the following countries:
- Australia
- Japan
- China
- India
- Indonesia
- Thailand
- Philippines
- Malaysia
- Singapore
- Vietnam
- South Korea
Frequently Asked Questions (FAQ) :