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Portable Generators Market Size
Portable Generators Market was valued at USD 11.6 billion in 2023 and is projected to grow at a CAGR of 4.3% between 2024 and 2032. Surging frequency of power outages coupled with aging grid infrastructure in key emerging economies will augment the industry landscape. Ongoing advancements in portable genset systems in association with increasing demand for reliable, user-friendly, and efficient units will foster the business growth.
A portable generator is mobile power unit designed to supply electricity in areas where access to the main power grid is unavailable, unreliable, or during emergencies. Surging advancements in technological systems including remote control operation, electric start, and enhanced fuel efficiency are the primary factors, thereby propelling the industry outlook. Supportive regulatory policies, incentives programs comprising of rebates and tax credits for the adoption of generators sets along with the rising demand for sustainable & efficient power units with lower emissions will accelerate the business potential.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 11.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.3% |
| 2032 Value Projection: | USD 16.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 60 |
| Segments covered: | Product, Fuel & Power Rating, Phase, End Use & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Portable Generators Market Trends
The industry is poised for prominent growth on account of increasing focus on environmental sustainability and expansion of commercial and residential establishment. Growing awareness of energy resilience and security coupled with incorporation of IoT & smart control technologies will further drive the market landscape. Furthermore, rising construction activities in emerging economies in association with growing need for temporary backup power solutions for machinery and tools will strengthen the adoption of these units.
Portable Generators Market Analysis
The gasoline portable generators industry size will exceed USD 14 billion by 2032. Stringent regulations mandating the adoption of efficient technologies along with burgeoning investment by the key public and private industry players in reliable portable systems, which in turn will stimulate the product penetration. The growing focus to minimize the carbon emission combined with capabilities for remote monitoring, diagnostics, and control will sway the favorable industry scenarios. In addition, increasing incidence of natural disasters coupled with expansion of infrastructure projects in key regions will complement the market growth.
The construction portable generators market size will observe a growth rate of over 4% through 2032, driven by robust urbanization and development of residential establishment. Strict government standards and codes in association with rapid population growth & increasing trend toward hybrid power systems will propel the industry dynamics. Additionally, rising disposable incomes enables consumers to invest in reliable backup power units for their homes in line with rapid economic growth will drive the product penetration.
North America portable generators market is set to surpass USD 5.5 billion by 2032, owing to growing frequency of power outages due to aging infrastructure, severe weather conditions, and heightened demand on the power grid. Continuous innovation in portable generator units making them highly efficient, quieter, and user friendly combined with rapid technological advancements comprising of digital controls & fuel efficiency improvements will influence the business outlook. Additionally, growing outdoor recreational activities in conjunction with rising consumer awareness will energize the product penetration.
The U.S. portable generators market is set for notable growth on account of their availability, high efficiency and widespread consumer familiarity. The homeowners across the country are increasingly investing in reliable and efficient power backup solutions to guarantee uninterrupted supply of electricity during outages, thereby stimulating the industry outlook. Furthermore, ongoing refurbishment and development of commercial & residential properties in association with integration of advanced electrical systems will boost the business growth.
Portable Generators Market Share
Atlas Copco specializes in the manufacturing and supply of industrial equipment, air compressors, mining and construction equipment, power tools, and assembly systems. Leveraging their expertise in engineering and innovation, Atlas Copco promises high-quality, reliable generators tailored for residential and commercial applications. With a focus on efficiency, durability, and user convenience, these generators are poised to meet the growing demand for backup power solutions in various markets.
Portable Generators Market Companies
The key industry players include:
- Allmand Bros., Inc.
- Atlas Copco AB
- Briggs & Stratton
- Caterpillar
- Champion Power Equipment
- Cummins, Inc.
- Deere & Company
- DEWALT
- DuroMax Power Equipment
- FIRMAN Power Equipment
- Generac Power Systems, Inc.
- GENMAC S.r.l.s.u.
- HIMOINSA
- Honda India Power Products Ltd.
- Kirloskar
- Kohler Co.
- Wacker Neuson SE
- Westinghouse Electric Corporation
- Yamaha Motor Co., Ltd.
- YANMAR
Portable Generators Industry News
- In April 2023, American Honda Motor inaugurated a new production option (PPO) facility at the Alabama Auto Plant. This facility enhances installation services for all series and accessory packages, enabling the company to better serve customers with a wider range of products. The new PPO facility allows Honda to expand its offerings and customization operations, including comprehensive accessory packages.
- In April 2023, Cummins Inc. allocated over USD 1 billion for upgrades across its U.S. manufacturing network. This investment aims to enhance facilities to support pioneering engine platforms that are fuel-agnostic, capable of running on low-carbon fuels such as natural gas and diesel, with future adaptability to hydrogen. This initiative is poised to contribute significantly to national decarbonization efforts.
This portable generators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:
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Market, By Product
- Conventional Portable
- Inverter Portable
Market, 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
Market, By Phase
- Single Phase
- Three Phase
Market, By End Use
- Residential
- Commercial
- Construction
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Russia
- UK
- Germany
- France
- Spain
- Austria
- Italy
- Asia Pacific
- Australia
- Japan
- China
- India
- Indonesia
- Thailand
- Philippines
- Malaysia
- Singapore
- Vietnam
- South Korea
- Middle East
- Saudi Arabia
- UAE
- Qatar
- Türkiye
- Iran
- Oman
- Africa
- Egypt
- Nigeria
- Algeria
- South Africa
- Mozambique
- Latin America
- Mexico
- Chile
- Argentina
- Brazil
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