Portable Generator Market Size, Share | Trend Analysis 2024-2032

IMARC Group’s report titled ” Portable Generator Market Report by Fuel Type (Portable Diesel Generators, Portable Gas Generators, and Others), Application (Residential, Commercial, Industrial, Infrastructure), Power Output (Less than 3 kW, 3-10kW, More than 10kW), and Region 2024-2032″. The global portable generator market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/portable-generator-market/requestsample

Factors Affecting the Growth of the Portable Generator Industry:

• Power Outages:

The growing need for reliable backup power sources on account of the increasing frequency and severity of natural disasters, such as storms and hurricanes, is offering a positive market outlook. Portable generators offer a convenient solution for homeowners and companies to maintain essential operations during power outages. Individuals and organizations are investing in portable generators to safeguard against economic losses and disruptions for minimizing downtime. Apart from this, portable generators are particularly essential in regions prone to adverse weather conditions.

• Thriving Construction Sector:

The rising demand for portable generators due to the thriving construction sector across the globe is contributing to the growth of the market. The increasing adoption of portable generators to power tools and equipment on job sites is bolstering the market growth. Construction projects that occur in remote locations or areas with limited access to the electrical grid, necessitate portable power solutions. Contractors and construction firms rely on portable generators for their flexibility, mobility, and ability to provide on-demand power, enhancing productivity and efficiency.

• Increasing Demand for Recreational Activities:

The escalating demand for portable generators due to the rising focus on recreational activities, such as camping and tailgating, is propelling the growth of the market. Outdoor enthusiasts are seeking reliable power sources to operate appliances, lighting, and entertainment devices in remote locations where access to electricity is limited. Portable generators offer convenience and comfort, enabling individuals and families to enjoy extended outdoor stays without sacrificing modern amenities. Furthermore, the increasing need for enhanced outdoor experiences among the masses worldwide is strengthening the market growth.

Leading Companies Operating in the Global Portable Generator Industry:

• Briggs & Stratton Corporation
• Cummins Inc.
• Honda Motor Co., Ltd.
• Eaton Corporation PLC
• Generac Power Systems Inc.

Portable Generator Market Report Segmentation:

By Fuel Type:

• Portable Diesel Generators
• Portable Gas Generators
• Others

Portable diesel generators represent the largest segment, which can be attributed to their ability to offer enhanced versatility and power.

By Application:

• Residential
• Commercial
• Industrial
• Infrastructure

Residential holds the biggest market share as portable generators enable homeowners to power critical appliances, lighting, heating, and communication devices when the main power supply is disrupted.

By Power Output:

• Less than 3 kW
• 3-10kW
• More than 10kW

Less than 3 kW accounts for the largest market share due to the rising demand for compact, lightweight, and easy-to-transport power solutions.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position in the portable generator market on account of the increasing number of infrastructure projects.

Global Portable Generator Market Trends:

The growing demand for portable generators due to the rising remote work arrangements is positively influencing the market. The increasing awareness about the importance of portable generators in ensuring an uninterrupted power supply is also supporting the market growth. Individuals working from home or various organizations rely on portable generators to maintain connectivity, productivity, and communication during power outages. The ability to power essential devices, such as computers, modems, and communication equipment, is vital in sustaining remote work operations. Apart from this, the rising demand for reliable backup power solutions for home offices and telecommuting setups is impelling the market growth. Besides this, advancements in generator technology, including quieter operation, improved fuel efficiency, and enhanced portability, attract individuals seeking more convenient and user-friendly solutions.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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