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Portable Generator Market Share & Analysis, 2025 | Industry Report

Portable Generator Market Analysis Report By Product, By Power Range, By End-use And Segment Forecasts From 2019 To 2025

Report ID: MN17613379  |  Published: October 2020  |  No of Pages: 201
Format: Electronic (PDF)  |  Industry: Machinery and Machine Parts  |  Publisher: Grand View Research

Industry Insights

The global portable generator market size was accounted for USD 3.7 billion in 2018. It is projected to grow at a CAGR of 5.2% over the forecast period, 2019 to 2025. A portable generator is used to provide alternating current (AC) current for standalone, and hardwired applications. Additionally, downtime issues due to power outages caused by adverse weather have surged the need for uninterrupted power supply. This is expected to foster the market growth.

Growing construction sector is positively impacting the market growth. Various power tools such as drives, drills, air hammers, and compressors are widely utilized in the construction industry. Portable generators are very useful to carry out the operation at night and place wherein there is no access to power grids.

U.S. portable generator market

Electric power consumption is rising across the sectors like automotive, oil & gas, IT & telecom, agriculture, aerospace. Global electricity demand is projected to surge by 57.0% from 2018 and 2050. Thus, increased demand for UPS is expected to bolster market growth.

Furthermore, increasing global warming concerns are boosting the need for a portable generator as an efficient energy source that uses biofuel. Biofuels are used as a substitute for diesel fuel. Biofuel offers energy independence for countries like Italy, and Japan that import natural gas from different countries. Biofuels are produced from canola, soybean, animal fat and corn.

Stiff regulations regarding carbon emission is hampering market growth. These generators are subjected to state, local, and federal authorities about their emission performance. Environmental agencies including European environmental agencies, Environment Protection Agency (EPA) regulate carbon emission footprints.

Product Insights

Based on the product, the portable generators market is fragmented into gaseous, and diesel generators. In 2018, diesel segment led the market with the highest market share. Various advantages like longer life, ability to carry heavy load are mainly contributing to market growth. Thus, diesel generators are highly preferred in mining, oil & gas, and mining industries.

In 2018, the gaseous type segment constituted to substantial market share in the overall market. Lower emission of gases like nitrogen, and sulfur and fast start is supporting market growth. Additionally, the limitations on diesel generators are driving the growth of the gaseous segment. For instance, in 2018, Environment Pollution Control Authority has banned the usage of diesel generators in Delhi, India.

Power Range Insights

Depending on the power range, the portable generator market is segmented into high power (371 - 450 KW), medium power (21 - 370 KW), and low power (8 - 20 KW), and others. In 2018, the low power type segment held the largest market share in the overall market. These products are widely utilized in commercial and residential powering applications in refrigerators & water pumps.

Medium power type segment is projected to expand at the fastest CAGR from 2019 to 2025. These generators are highly used in telecom applications. Medium powered generators are mainly used to reduce downtime in a tower system that can cause financial losses to telecom operators.

End-use Insights

End-uses segment is comprised of residential, industrial and commercial. Industrial end-use industry is sub-segmented into mining, construction, and oil & gas. In 2018,industrial segment led the market with the highest share in the overall market. Growing infrastructure & construction development of railways, roadways across the countries like India, South Korea, and China is driving the segment growth.

Europe portable generator market Japan, China, and India are the largest manufacturers of consumer electronics components. Moreover, rising exploration activities in oil & gas sector is boosting market growth.

Regional Insights

In 2018, Asia Pacific accounted for USD 1.2 billion revenue in the global portable generator market. Rising electric power consumption in residential sector across Singapore and China is contributing to market growth. Electric power consumption in China accounted for 5,129 terawatt hours in 2016. Additionally, growing manufacturing sector is expected to positively impact market growth.

Growing establishments of consumer electronics and automotive manufacturing facilities like Sony Corporation, Apple, Inc., and Volkswagen is also supplementing the product demand. Furthermore, rising construction projects across Middle East countries is projected to boost the market growth.

Impact of COVID-19

COVID-19 pandemic has had negative impact on the market owing to reduction in demand and disruption in the power supply chain. However, as the pandemic eases economic activities are expected to ramp up. This is projected to increase the industrial and commercial demand for portable generators.

According to International Finance Corporation (IFC), global power sector has witnessed a 15.0% decline in its demand during March & April 2020. Additionally, the coronavirus crisis has hit the global economy which has its impact on prices of crude oil. Thus, the volatility in natural gases, oils is expected to boost the demand for gasoline & diesel-based power generators in the next few years.

Portable Generator Market Share Insights

Leading players in the market include Kohler Co.; Generac Power Systems Inc.; Cummins, Inc.; WINCO; Harrington Generators International Ltd.; Multiquip, Inc.; Briggs & Stratton Corporation; Caterpillar Inc.; Honda Siel Power Products Ltd; and WackerNeuson SE. The key players in the market engage in developing new products by investment in R&D activitiesto remain competent in the market.

Leading companies focus on strategic acquisitions to expand their reach across the globe. For example, Kohler Co. has acquired Clarke Energy a manufacturer of diesel and gasoline powered generators.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, China, India, Japan ,Brazil, and Mexico.

Report coverage             

Revenue forecast, company ranking, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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


Segments Covered in the Report
 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global portable generator market report on the basis of product, power range, end use and region:

• Product Outlook (Revenue, USD Billion, 2014 - 2025)
    • Diesel
    • Gaseous

• Power Range Outlook (Revenue, USD Billion, 2014 - 2025)
    • Low Power (8 - 20 KW)
    • Medium Power (21 - 370 KW)
    • High Power (371 - 450 KW)

• End-use Outlook (Revenue, USD Billion, 2014 - 2025)
    • Commercial
    • Residential
    • Industrial
        • Construction
        • Mining
        • Oil & Gas
        • Others

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa (MEA)

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