Portable Generator Market - Trends Forecast Till 2028

Market Overview

The global portable generator market is expected to grow at a CAGR of more than 4.1% during the forecast period.

Portable generators are backup devices designed to provide temporary AC power for non-hardwired, stand-alone applications. These generators consist of internal combustion engine, starter, alternator, fuel tank and outlets which are assembled together onto a metal frame in a single unit.

The ever-increasing demand for power, lack of reliable grid infrastructure, the need for emergency backup power solutions, and the demand for steady power supply are some of the factors that have supported long-term expansion for Portable Generator Market.

The outbreak of COVID-19 led to the global economic slowdown, which, in turn, led to a slowdown in industrial activities, hampering the growth of the portable generator market.

Regional Analysis

Asia-Pacific accounted for the largest share in the market in 2020, with majority of the demand coming from countries such as China and India.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Holdings Inc.
• Caterpillar Inc.
• Kohler Power Systems
• Honda Siel Power Products Limited
• Briggs & Stratton Corporation

Recent Developments

• In June 2021, Generac Holdings Inc. announced that the company has acquired Deep Sea Electronics Limited, an advanced controls designer and manufacturer. Deep Sea Electronics provides a diverse suite of controller products that provide flexible solutions for multiple applications including generators, automatic transfer switches, battery charging, and off-highway vehicles.
• In January 2021, Cummins launched QG 2800i and 2500i that are 60% quieter RV inverter generators for the recreational vehicle market. They run on gasoline and liquid propane (LP). The Onan QG 2800i and 2500i are 2.8-kW and 2.5-kW inverter–based generator sets made primarily for Class B and truck campers.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Portable Generator Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope