Portable generators are used to generate electricity in a variety of applications, including residential, commercial, and industrial. The study looks at uses such as generating electricity for live commercial events, powering machines on building sites, and providing backup power during a power outage, among others.\

Key Takeaways from Market Study

  • The United States is expected to remain the dominating market in North America, growing at a CAGR of 7% over the evaluation period.
  • India is expected to have a significant revenue share in the South Asian market, with sales growing at a CAGR of 7.5 percent through 2031.
  • From 2021 to 2031, China is predicted to be the fastest-growing market for portable generators in East Asia, with a CAGR of 8%.
  • Standby backup generators are expected to dominate the category, accounting for roughly 3/4th of total sales by the end of 2031.
  • Portable generators with power outputs ranging from 1.0 to 3.0 kW are expected to be a lucrative market, with sales exceeding US$ 300 million by 2031.

Key Drivers

  • The need for portable generators is increasing due to the rising trend of electrification and automation throughout the automotive, industrial, construction, and mining industries.
  • Increasing power outages and rising peak-hour energy costs in nations like the United States, Germany, China, and India are driving sales of portable generators in the industrial and commercial end use segments.

Key Restraints

  • The market's growth is hampered by portable generators' limited power generation capability and inability to provide long-term power supply.
  • Sales of portable generators are being hampered by the implementation of strict regulations for greenhouse gas emissions, as well as the rising cost of fuels such as diesel and gasoline.

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