The global market for Portable Generators is estimated at US$2.6 Billion in 2023 and is projected to reach US$3.4 Billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the portable generator market is driven by several factors, including the increasing frequency of power outages due to extreme weather conditions, growth in outdoor recreational activities, and advancements in technology. As climate change continues to influence weather patterns, more frequent and severe storms are leading to extended power interruptions, which boosts demand for backup power solutions among residential users. The rising popularity of tailgating, camping, and other outdoor activities also contributes significantly to the growth of this market, as these activities often require portable power solutions. Additionally, improvements in generator designs that offer longer run times, reduced emissions, and quieter operations appeal to a broader range of consumers, enhancing market growth. Regulatory changes pushing for reduced emissions in power equipment further drive innovation in this field, compelling manufacturers to develop cleaner and more efficient units. Moreover, the global expansion of the construction industry, especially in emerging economies, necessitates robust, portable power sources, thus propelling the demand for portable generators. Together, these dynamics ensure sustained growth and continual development within the portable generator market, making it a vital component of modern energy solutions.
The growth in the portable generator market is driven by several factors, including the increasing frequency of power outages due to extreme weather conditions, growth in outdoor recreational activities, and advancements in technology. As climate change continues to influence weather patterns, more frequent and severe storms are leading to extended power interruptions, which boosts demand for backup power solutions among residential users. The rising popularity of tailgating, camping, and other outdoor activities also contributes significantly to the growth of this market, as these activities often require portable power solutions. Additionally, improvements in generator designs that offer longer run times, reduced emissions, and quieter operations appeal to a broader range of consumers, enhancing market growth. Regulatory changes pushing for reduced emissions in power equipment further drive innovation in this field, compelling manufacturers to develop cleaner and more efficient units. Moreover, the global expansion of the construction industry, especially in emerging economies, necessitates robust, portable power sources, thus propelling the demand for portable generators. Together, these dynamics ensure sustained growth and continual development within the portable generator market, making it a vital component of modern energy solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Emergency Application segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 3.7%. The Prime/Continuous Application segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $835.8 Million in 2023, and China, forecasted to grow at an impressive 5.9% CAGR to reach $544.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Portable Generators Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Portable Generators Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Portable Generators Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Honda Motor Co., Ltd., Caterpillar, Inc., Cummins, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 69 Featured):
- Honda Motor Co., Ltd.
- Caterpillar, Inc.
- Cummins, Inc.
- Deere & Company
- Atlas Copco Group AB
- American Honda Motor Co., Inc.
- Atlas Copco North America LLC
- Honda Power Equipment
- Engineers Mate Ltd
- Himoinsa SL
- Champion Power Equipment
- Honda India Power Products Ltd.
- Briggs & Stratton Corporation
- Greaves Cotton Limited
- FG Wilson Engineering (Dublin) Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Honda Motor Co., Ltd.
- Caterpillar, Inc.
- Cummins, Inc.
- Deere & Company
- Atlas Copco Group AB
- American Honda Motor Co., Inc.
- Atlas Copco North America LLC
- Honda Power Equipment
- Engineers Mate Ltd
- Himoinsa SL
- Champion Power Equipment
- Honda India Power Products Ltd.
- Briggs & Stratton Corporation
- Greaves Cotton Limited
- FG Wilson Engineering (Dublin) Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 554 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.6 Billion |
| Forecasted Market Value ( USD | $ 3.4 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
