The Portable Generators market refers to the industry that produces and sells portable generators, which are small and mobile power generators that can be used for a variety of applications such as emergency power, outdoor events, and construction sites. These generators are powered by gasoline, diesel, propane, and other fuel types. The market is driven by the increasing demand for power in remote areas, and the need for backup power during power outages. Key players in the market include Honda, Generac, and Briggs & Stratton. The market is expected to grow at a steady rate in the coming years due to the increasing demand for power in remote areas, and the growing popularity of outdoor activities. Additionally, the increasing adoption of renewable energy sources and the need for backup power during power outages is also expected to drive the market growth.
The study provides useful and actionable market insights for Commercial Portable Generators. Fact.MR’s recent study contains information on the current state of the industry across several regions, as well as historical data and market forecasts. The research also covers sales and demand data for the Commercial Portable Generators Market across various sectors and countries.
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Key Segments Covered
- Power Output
- Less than 1 KW Portable Generators
- 1-3. KW Portable Generators
- 3-5KW Portable Generators
- More than 5 KW Portable Generators
- End Use
- Commercial Portable Generators
- Residential Portable Generators
- Industrial Portable Generators
- Agricultural Portable Generators
- Others
- Application
- Standby Backup Power Portable Generators
- Continuous Power Portable Generators
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Key Takeaways from Market Study
- The global portable generators market is anticipated to add a significant value by 2031.
- The residential and commercial segment is expected to capture major chunk of the market share over the next ten years.
- On the basis of power output, portable generators with power output ranging from 1.0-3.0 Kw hold substantial part of total revenue share of the market.
- Asia Pacific set to dominate global market revenue in 2021 and beyond.
- The market in Africa expected to rise at a high single-digit CAGR through 2031.
- Due to the COVID-19 crisis, demand for portable generators was hit in 2020, which saw a decline. But with the manufacturing industry back on track, demand is expected to bounce back over the coming months.
Key Companies Profiled
- Briggs & Stratton Corp.
- Champion Power Equipment
- Generac Power Systems, Inc.
- Honeywell International Inc.
- Kohler Co. Inc.
- NIDEC Corp.
- Stanley Black & Decker, Inc.
- STEPHILL GENERATORS LTD
- Techtronic Industries Co. Ltd.
- Yamaha Motor Co. Ltd.
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Competitive Landscape
Increased marketing strategy development, product diversification, economies of scale, and brand awareness are some of the strategic assets used by significant corporations to strengthen their market position while lowering business risks.
- In April 2019, Generac completed the acquisition of Pika Energy Inc., a maker of residential energy storage systems. The purchase aims to increase the market share of both firms and share their vision of developing groundbreaking technologies that modernize the way electricity is generated, stored and used across residential settings
- In March 2021, Kohler Power Systems announced a 155,000 square-foot expansion to its existing North American manufacturing facility in Mosel, Wisconsin. This expansion is likely to aid the company enhance its production capacity of large industrial diesel as well as portable generators
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