Portable Generators Market

The Portable Generators Market has been valued at US$ 1.81 billion in the year 2021, and it is estimated to reach US$ 3 billion by 2027, with a CAGR of 7.0% from 2022 to 2027.

Portable generators have a gas-powered engine, which powers an onboard alternator to produce electricity. You can plug extension cords, electric-powered tools, and appliances into the unit's power outlets. In general, more outlet possibilities are available depending on the generator's power. Portable generators can be easily transported from one location to another and require manual operating. Watts, a unit of measurement for power output, is used to rate portable generators. Usually, the number of items you can power up increases with the number of watts.

The market for portable generators is anticipated to grow as the need for power backup facilities, reasonably priced diesel generators, natural gas generators, and greater consumer awareness of portable generators are increasing. The market expansion for portable generators is restricted, nonetheless, by the short duration of power delivery and strict environmental regulations addressing the emission of dangerous gases from diesel generators.

Market Drivers and Restraints:

The main driver of the portable generator market's expansion globally is the rising number of power outages brought on by extreme weather and shoddy grid infrastructure. Any country's power sector is built around the transmission and distribution of electricity; thus, as grid infrastructure ages, power outages are more likely to occur. Outdated transmission networks, which in certain situations may even fail and result in a power outage. Extreme weather is also expected to increase demand for portable generators. The electrical grid in the US is susceptible to frequent and unanticipated power outages. As a result, rising consumer interest in backup power options and awareness of the need for readiness in the event of a disaster will support the growth of the portable generator market globally. On the other hand, rising demand for portable inverter generators will continue to fuel the expansion of the worldwide portable generators market in the years to come. Hybrid generators, which are primarily internal combustion engines with batteries, are offered by the majority of OEMs. When the load is high, these hybrid generators directly power the machine; when the load is below the normal level, the battery powers the engine. They have many advantages over traditional generators, such as shorter running times, lower fuel costs, and lower noise levels. They are also expected to gain ground in the market for portable generators, primarily used at residences and construction sites.

However, some factors are expected to hinder the market's growth. While generators can generate electricity, they are only suitable for short-term use or in times of emergency. It cannot replace a utility's standard power supply. The expansion of the worldwide portable generators market during the forecast period is further constrained by the fact that generators can only handle a specific load.

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The report is segmented as follows:

The Portable Generators Market is segmented based on Fuel Type; the Market is segmented based on Power Output; the Market is segmented based on Application:

By Fuel Type (Diesel, Gasoline, and Others)

By Power Output (Less than 3kW, 3kW-10kW and more than 10kW)

By Application (Commercial, Domestic and Industrial)

Geographical Segmentation:

The North American region is predicted to dominate the portable generator market. The market is anticipated to grow because of frequent power outages and natural calamities. Also, the industrial sector's steady demand growth is expanding the region's market. The United States dominates the markets for portable generators in North America and worldwide.

From 2022 to 2027, the Asia-Pacific region is expected to proliferate. Many factors contribute to this, most notably the growth of the construction and development sectors. The biggest markets in the Asia Pacific region are China, India, Japan, and Thailand. Due to its rapid industrialization and urbanization, China holds the largest market share in the region.

The market value for portable Generators in Europe will increase significantly due to the frequent power outages and extended blackouts. The business environment is expected to be driven by rising per capita income and interest in outdoor leisure activities. Users' increasing reliance on power reinforcement solutions in this region will ensure a large-scale product rollout.

The LAMEA portable generator market is anticipated to expand substantially over the forecasted period. It is due to rising industrial demand, infrastructure development investments, and technical improvements.

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Impact of COVID-19 on the Market

COVID-19 made a significant impact on the portable generators market worldwide. The market for portable generators has stopped due to the nation's authorities imposing severe lockdowns and regulations. Governments and local governments imposed strict limitations. The end users' everyday operations were halted, and all non-essential activities were terminated; this affected the portable generator industry. The second quarter also saw production and supply chain delays, which posed a challenge to the portable generator market because end-user businesses were still not operating at total capacity. But, as industrial operations are returning to normal, the market is expected to witness a boom during the anticipated period.

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