The portable generator market is projected to witness a CAGR of 27.20% to reach US$2,608.231 million by 2024, from US$1,855.914 million in 2018. A portable generator is a diesel or gas-powered device which provides temporary electric supply. Growing demand for generating electricity for live commercial events is boosting the demand for portable generators significantly. While the growing construction activities across different regions is further bolstering the demand for portable generators to electrify machinery at construction sites, thus positively impacting market growth.
Although technological advancements in generators will offer growth opportunities for the portable generators market during the forecast period, stringent environmental regulations regarding emission of hazardous gases from these generators will hinder the growth of portable generators market to some extent. Geographically, Asia-Pacific is projected to grow at a significant rate on account of the rising industrialization and infrastructural developments in countries like India and China.
Rising manufacturing activities in emerging countries.
Adoption of other energy storage technologies.
In September 2018, GenTent Safety Canopies, LLC., expanded their original equipment manufacturer (OEM) agreement with Champion Power Equipment to include new hardware to cover Champion’s inverter class portable generators.
In July 2017, Atlas Copco launched two new invertor power generators. They are light in weight and high in efficiency.
The major players profiled in the Portable Generator market include Generac Power System Inc., Briggs and Stratton Corporation, Caterpillar, Honda Siel Power Products Ltd., Smarter Tools Inc., Champion Power Equipment, Atlas Copco (India) Ltd., Yamaha Motor Corporation, WINCO, and Kohler Co.
The portable generator market has been analyzed through the following segments:
By Power Rating
10 kW and Above
By Fuel Type
By End User
Middle East and Africa