All updated as on -
In 2022, the market size for portable generators was estimated at 3.63 billion USD. The market for portable generators is anticipated to increase from USD 3.87 billion in 2022 to USD 6.26 billion by 2030, with a compound annual growth rate (CAGR) of 6.20% over the five-year forecast period (2022– 2030). Globally expanding building activity and rising demand for a consistent and dependable power supply are propelling market expansion.
Due to the flexibility and freedom the accommodations provide, caravan tourism and camping are growing in popularity all over the world. Consumers have prioritised leading healthier lifestyles more frequently in recent years, which has fueled growth in the active and outdoor recreation industries. Running, hiking, biking, sailing, fishing, camping, and strolling have all grown in popularity as both physical fitness activities and solitary pursuits. This has led to rising demand for goods and services across a number of industries, with a sizable likelihood of demand in the future. Many people turned to nature for solace as a result of a pandemic and the rise of remote employment. RV living and camping have re-gained popularity as a result of the lockdowns, travel restrictions, and bans on eating inside that will take effect in 2020. According to the KOA 2021 North American Camping Report, more than 70% of North American campers changed their camping routines in 2020, and RV ownership is rising in both the United States and Canada. In the United States, five times as many campers tended their tents for the first time in 2020 as there were in 2019.
Off-grid living is becoming more popular, which has opened up a lot of opportunities for the outdoor industry. For campers seeking an outdoor experience with the comforts and conveniences of power, it has also inspired creative portable solutions. To travel or live off the grid, a portable generator is a need. Additionally, the RV has a portable generator. A van or bus conversion could potentially include portable generators due to their portability. The portable generator can be connected to the combustible engine of a camping vehicle or put inside with a separate fuel supply. Many incredibly silent portable generators, like the Cummins Onan P4500i Power Inverter, are produced by companies like Cummins Inc. With a remote starter and a 3.4-gallon tank that can run for 18 hours at 25% capacity, they are designed for camping and travelling. At 52 dB, it is about as loud as a small electric fan. Due to portable generators' portability, camping and off-grid life have become more convenient. 90% of 2020 reservations were made by first-time renters, according to RV rental business Outdoorsy, and reservations made by millennials increased by 70% over 2019. According to projections, this trend will persist, boosting the camping and caravanning industry. Therefore, it is anticipated that the growing trend of camping and travelling by RV will continue to fuel the expansion of the portable generator market revenue in the years to come.
Due to growing infrastructure initiatives, a widening power demand-supply gap, the expansion of manufacturing facilities nationwide, and an increase in commercial office space, China's portable generator market is predicted to grow at a faster rate than that of the rest of Asia-Pacific. In 2021, Chinese homes are expected to utilise roughly 1,170 terawatt hours (TWh) of electricity, according to the China Electricity Council (CEC). With 5,610 terawatt hours, the manufacturing sector in the secondary sector used the most energy. The demand for portable generators is anticipated to increase due to the rising number of power outages in the residential sector, even though the India portable generator market is anticipated to experience the fastest relative growth in per-person residential energy use over the forecast period due to increased access to energy sources. As a result, during the projected period, the Asia-Pacific region is anticipated to drive market growth.
Report Coverage
Global Portable Generator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Portable Generator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Portable Generator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Portable Generator market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Portable Generator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Portable Generator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honda Motor Corporation (Japan), Westinghouse Electric Corporation (US), Duromax (US), Cummins, Inc (US), Champion Power Equipment (US), WEN Corporation (US), Yamaha Motor Corporation (Japan), Generac Power Systems Inc (US), Harbor Freight Tools (US), Wacker Neuson SE (Germany), Pulsar Products Inc. (US), Energizer Holding Inc. (US), Caterpillar Inc. (US), Atlas Copco (India) Ltd. (Sweden)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Portable Generator market based on the below-mentioned segments:
Global Portable Generator Market, By Type
Conventional Portable Generator
Inverter Portable Generator
Global Portable Generator market, By Application
Temporary Power
Primary Power
Global Portable Generator Market, By End User
Residential
Commercial
Industrial
Global Portable Generator market, Regional Analysis
Due to the flexibility and freedom the accommodations provide, caravan tourism and camping are growing in popularity all over the world. Consumers have prioritised leading healthier lifestyles more frequently in recent years, which has fueled growth in the active and outdoor recreation industries. Running, hiking, biking, sailing, fishing, camping, and strolling have all grown in popularity as both physical fitness activities and solitary pursuits. This has led to rising demand for goods and services across a number of industries, with a sizable likelihood of demand in the future. Many people turned to nature for solace as a result of a pandemic and the rise of remote employment. RV living and camping have re-gained popularity as a result of the lockdowns, travel restrictions, and bans on eating inside that will take effect in 2020. According to the KOA 2021 North American Camping Report, more than 70% of North American campers changed their camping routines in 2020, and RV ownership is rising in both the United States and Canada. In the United States, five times as many campers tended their tents for the first time in 2020 as there were in 2019.
Off-grid living is becoming more popular, which has opened up a lot of opportunities for the outdoor industry. For campers seeking an outdoor experience with the comforts and conveniences of power, it has also inspired creative portable solutions. To travel or live off the grid, a portable generator is a need. Additionally, the RV has a portable generator. A van or bus conversion could potentially include portable generators due to their portability. The portable generator can be connected to the combustible engine of a camping vehicle or put inside with a separate fuel supply. Many incredibly silent portable generators, like the Cummins Onan P4500i Power Inverter, are produced by companies like Cummins Inc. With a remote starter and a 3.4-gallon tank that can run for 18 hours at 25% capacity, they are designed for camping and travelling. At 52 dB, it is about as loud as a small electric fan. Due to portable generators' portability, camping and off-grid life have become more convenient. 90% of 2020 reservations were made by first-time renters, according to RV rental business Outdoorsy, and reservations made by millennials increased by 70% over 2019. According to projections, this trend will persist, boosting the camping and caravanning industry. Therefore, it is anticipated that the growing trend of camping and travelling by RV will continue to fuel the expansion of the portable generator market revenue in the years to come.
Due to growing infrastructure initiatives, a widening power demand-supply gap, the expansion of manufacturing facilities nationwide, and an increase in commercial office space, China's portable generator market is predicted to grow at a faster rate than that of the rest of Asia-Pacific. In 2021, Chinese homes are expected to utilise roughly 1,170 terawatt hours (TWh) of electricity, according to the China Electricity Council (CEC). With 5,610 terawatt hours, the manufacturing sector in the secondary sector used the most energy. The demand for portable generators is anticipated to increase due to the rising number of power outages in the residential sector, even though the India portable generator market is anticipated to experience the fastest relative growth in per-person residential energy use over the forecast period due to increased access to energy sources. As a result, during the projected period, the Asia-Pacific region is anticipated to drive market growth.
Report Coverage
Global Portable Generator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Portable Generator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Portable Generator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Portable Generator market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honda Motor Corporation (Japan), Westinghouse Electric Corporation (US), Duromax (US), Cummins, Inc (US), Champion Power Equipment (US), WEN Corporation (US), Yamaha Motor Corporation (Japan), Generac Power Systems Inc (US), Harbor Freight Tools (US), Wacker Neuson SE (Germany), Pulsar Products Inc. (US), Energizer Holding Inc. (US), Caterpillar Inc. (US), Atlas Copco (India) Ltd. (Sweden) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Portable Generator Market from 2021 to 2030.
- Market Forecast for Portable Generator Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Portable Generator competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Portable Generator
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Portable Generator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Portable Generator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honda Motor Corporation (Japan), Westinghouse Electric Corporation (US), Duromax (US), Cummins, Inc (US), Champion Power Equipment (US), WEN Corporation (US), Yamaha Motor Corporation (Japan), Generac Power Systems Inc (US), Harbor Freight Tools (US), Wacker Neuson SE (Germany), Pulsar Products Inc. (US), Energizer Holding Inc. (US), Caterpillar Inc. (US), Atlas Copco (India) Ltd. (Sweden)
Primary Target Market
- Market Players of Portable Generator
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Portable Generator market based on the below-mentioned segments:
Global Portable Generator Market, By Type
Conventional Portable Generator
Inverter Portable Generator
Global Portable Generator market, By Application
Temporary Power
Primary Power
Global Portable Generator Market, By End User
Residential
Commercial
Industrial
Global Portable Generator market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive portable generator market market research and competitor analysis for your business to help you develop more profound insights into the portable generator market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the portable generator market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.