Portable Conventional Generator Market
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Portable Conventional Generator Market size was valued at USD 6.9 billion in 2023 and is estimated to grow at a CAGR of 3.8% between 2024 and 2032. Increasing frequency of weather-related disasters along with growing consumer interest toward recreational activities will positively sway the industry growth. For instance, in 2023, Europe faced extensive flooding and intense heatwaves.
A portable conventional generator is a compact, standalone power generation device that operates on conventional fuel sources comprising of gasoline, diesel and propane. These generators typically consist of an internal combustion engine coupled with an alternator to produce electricity. They are designed to be easily transportable and provide temporary or backup power in various situations including during power outages, outdoor events, construction sites, or recreational activities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Portable Conventional Generator Market size in 2023: | USD 6.9 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2023 - 2032 CAGR: | 3.8 |
| 2023 Value Projection: | USD 9.7 Billion |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 118 |
| Tables, Charts & Figures: | 52 |
| Segments Covered: | Fuel & Power Rating, Phase, End Use & Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The surge in product adoption by businesses will be fueled by the weather-related disasters, the rise awareness and mitigation efforts against natural calamities will further boost the portable generator market. Additionally, heightened construction sector demand along with infrastructural growth and urbanization will positively the industry outlook. The introduction of mobile electric generators, aimed at reducing environmental impact is set to fuel the business potential.
The single-phase segment to exceed USD 5 billion by 2032. Aging grid infrastructure along with increasing demand for uninterrupted power supply will escalate the industry potential. The versatility and mobility of these generators make them indispensable for on-site power needs. These gensets play a crucial role in emergency response and provide temporary power for emergency shelters, medical facilities, communication centers during emergencies.
The construction portable conventional generator market size will witness a growth rate of over 3.5% through 2032. The unreliable grid infrastructure along with rapid population growth will lead to market growth. Furthermore, rapid industrialization & increasing infrastructure investments also lead to market growth for the application. These gensets offer a practical solution for reliable backup power, independent of grid availability. Additionally, the growing trend towards sustainable construction practices has led to increased interest in hybrid generators, accelerating the industry potential.
The North America portable conventional generator market is set to surpass USD 3 billion by 2032. The shifting trend of remote work along with telecommuting will fuel the demand for backup power solutions in residential settings. Furthermore, these gensets play a crucial role in emergency response and disaster relief efforts. Moreover, the growing demand for portable power sources in outdoor recreational activities along with surging disposable income will fuel the industry expansion.
U.S. portable conventional generator industry growth will be driven by the increasing awareness of the need for emergency preparedness, households, businesses, and government agencies to ensure continuity of essential operations during emergencies. Increasing demand for backup power solutions particularly in regions prone to natural disasters coupled with heightened awareness regarding emergency preparedness will positively sway the business outlook.
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The key industry players include:
Market, By Fuel & Power Rating
Market, By Phase
Market, By End Use
The above information has been provided for the following regions and countries:
Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Deere & Company, Generac Power Systems, HIMOINSA, Honda India Power Products, Kirloskar, and Kohler among others.
North America market will exceed USD 3 billion by 2032, primarily due to frequent power outages, severe weather conditions, and high demand for backup power solutions.
Construction portable conventional generator industry size will exhibit 3.5% CAGR from 2024 to 2032, attributed to the continuous expansion and need for reliable power on job sites.
The market size of portable conventional generator reached USD 6.9 billion in 2023 and will expand at a 3.8% CAGR between 2024 and 2032, owing to increasing demand for reliable power supply in remote and off-grid areas, and the rising need for backup power during natural disasters.