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Single Phase Portable Conventional Gensets Market was valued at USD 3.8 billion in 2023 and is projected to grow at a CAGR of 3.7% through 2032. Increasing frequency of power outages along with aging grid infrastructure across emerging economies will proliferate the industry landscape. Growing advancements in portable gensets coupled with rising need for efficient and user-friendly units will energize the business potential.
A single phase portable conventional genset is a mobile power unit designed to provide electrical power in the absence of a primary power source, typically used in residential and small commercial settings. Surging technological innovations including electric start, remote control operation, and improved fuel efficiency are the key parameters, which in turn will augment the business scenario. Favorable incentives policies including tax credits and rebates for deployment of portable conventional generators coupled with the increasing demand for reliable and efficient power systems with lower emissions will stimulate the industry scenario.
Report Attribute | Details |
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Base Year: | 2023 |
Single Phase Portable Conventional Gensets Market Size in 2023: | USD 3.8 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 3.7% |
2032 Value Projection: | USD 5.2 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 45 |
Segments covered: | Fuel & Power Rating, End Use & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The growing emphasis on environmental sustainability coupled with expansion and development of residential and commercial establishment will foster the industry outlook. Increased awareness of security and energy resilience in line with integration of smart control and IoT systems will accelerate the market landscape. In addition, growing construction activities in key geographies in conjunction with growing requirement of temporary power solutions for tools and machinery will drive the demand for portable generator.
The gasoline single phase portable conventional gensets industry size will exceed USD 4.5 billion by 2032. Ongoing stringent regulations to adopt efficient unit systems combined with continuous investment by the key private and public industry players toward reliable portable units, thereby enhancing product penetration. Growing integration of emission control technologies coupled with enabling remote monitoring, controlling, and remote diagnostics will complement favorable business scenarios. Moreover, rising natural disasters in line with growing infrastructure projects in key geographies will propel the industry outlook.
The residential single phase portable conventional gensets market size will observe a notable growth of over 3% through 2032, on account of their urbanization and development of residential properties. Strict government measures and standards in line with rapid population growth and growing trend toward hybrid systems will further strengthen the industry outlook. In addition, rising disposable incomes allow consumers to invest in backup power solutions for their homes combined with rapid economic growth will encourage product adoption.
North America single phase portable conventional gensets market is set to surpass USD 2 billion by 2032. The region has experienced an increasing number of power outages due to severe weather conditions, aging infrastructure, and increased demand on the power grid. Ongoing innovation in portable gensets units making them more efficient, quieter, and easier to use in line with rapid growth in technological advancements including fuel efficiency improvements & digital controls will positively influence the industry trend. Additionally, rising outdoor recreational activities in line with increasing consumer awareness will sway the demand for these units.
U.S. single phase portable conventional gensets market is poised for substantial growth on account of their high efficiency, availability, and familiarity among consumers. The homeowners across the country are increasingly investing in backup power solutions to ensure uninterrupted electricity during outages, which in turn will proliferate the business outlook. In addition, rapid development and refurbishment of residential & commercial properties associated with advanced electrical systems will enhance the industry dynamics.
Briggs & Stratton Corporation designs, manufactures, and services gasoline engines and generator set for outdoor power equipment. The company operates through two main segments comprising of engines and products. Its offerings include pressure washers, power generators, turf care equipment, lawn and garden tools, and job site products. These are marketed under various brand names, such as Briggs & Stratton, Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco, and Victa.
The key industry players include:
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Market, By Fuel & Power Rating
Market, By End Use
The above information has been provided for the following regions and countries: