Portable Generator Market Expected to Reach US $3.58 Billion by 2030, Driven by Growing Demand for Reliable Backup Power
Market Overview:
The global portable generator market is expected to reach US $3.58 billion by 2030, growing at a CAGR of 6.25% from 2024 to 2030. Portable generators are a crucial source of backup power in various applications, including residential, commercial, and industrial.
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Market Introduction:
The increasing frequency of natural disasters and power grid vulnerabilities are driving the demand for reliable backup power solutions. Portable generators offer a convenient and accessible way to maintain critical operations during power outages.
Market Dynamics:
Several factors are contributing to the growth of the portable generator market:
- Rising demand for reliable backup power: Natural disasters, power grid vulnerabilities, and the need for uninterrupted power for critical operations are driving the demand for portable generators.
- Outdoor recreational activities: The growing popularity of camping, RVing, and outdoor events is fueling the demand for portable generators to power various amenities.
- Construction and industrial applications: Portable generators are essential for providing temporary power at construction sites and for industrial applications.
Market Segmentation:
The portable generator market is segmented by power rating, fuel type, and end user:
By Power Rating:
- Less than 5kW
- 5-10kW
- Above 10kW
By Fuel Type:
- Gasoline
- Diesel
- Natural Gas
- Others
By End User:
- Residential
- Commercial
- Industrial
Market Players:
Key players in the portable generator market include:
Portable Generator Market Key Players:
North America Portable Generator Market Top Players:
1. Generac Holdings Inc. – (USA)
2. Briggs and Stratton LLC – (USA)
3. Caterpillar, Inc.. – (USA)
4. Cummins Inc. – (USA)
5. Deere and Co. – (USA)
6. Honeywell International Inc. – (USA)
7. Kohler Co. – (USA)
Europe Portable Generator Market Top Players:
1. Atlas Copco AB – (Sweden)
2. KAZANCI HOLDING – (Turkey)
3. Eaton Corp. Plc – (Ireland)
4. Siemens AG – (Germany)
5. Wacker Neuson SE – (Germany)
6. JCB Power Products – (United Kingdom)
7. Perkins Engines Company Limited – (United Kingdom)
8. MTU Onsite Energy – (Germany)
APAC Portable Generator Market Top Players:
1. Doosan Corp. – (South Korea)
2. H.S. ENGINEERS – (India)
3. Himalayan Power Machines Co. – (India)
4. Honda Motor Co. Ltd. – (Japan)
5. ITOCHU Corp. – (Japan)
6. Kirloskar Oil Engines Ltd. – (India)
7. Skyline Power Solutions – (India)
8. Yamaha Motor Co. Ltd. – (Japan)
9. Yanmar Holdings Co. Ltd. – (Japan)
10. Atlas Copco (India) Ltd. – (India)
Regional Insights:
The Asia Pacific region is expected to hold the dominant share of the market due to the rising demand for backup power in residential areas and the expanding usage of portable generators in the infrastructure and construction sectors. North America is expected to be the second-largest market, driven by the need for backup power in the oil & gas and construction industries, and the increasing frequency of natural disasters.
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