Portable generators are electrical devices used for power generation to cater the need of power consumption for multiple applications such as outdoor activities, lighting in social events, power backup in emergency situations, power generation in remote construction places, temporary camps, and others. The scope of the portable generators market includes small- and mid-sized generators, which are placed for both in-house and outdoor usages. These generators function through multiple fuel sources such as diesel, gasoline, natural gas, and others. Changes in lifestyle and growth in demand for user-friendly products have led to multiple product innovations. For instance, in January 2017, Briggs & Strattorn Corporation launched Bluetooth-enabled portable generator providing advantages such as fuel gauge and power monitoring, distance controlling, and others.
The global portable generators market is expected to witness highest growth rate during the forecast period, owing to rapid industrialization and rise in demand for power backups. In addition, increase in demand for technologically advanced portable generators in developed economies such as North America and Europe drive the growth of the market. However, reduced power supply and stringent environmental norms for fuel usage are expected to hamper the market growth. According to the U.S. Census Bureau, the adoption rate of home generators was 3.5% in 2013, which is considered as a potential area of expansion for major players such as Generac Power Systems, Inc., Briggs & Strattorn Corporation, and Honda Motor Co., Ltd. Additionally, Asia-Pacific portable generators market is anticipated to grow at a significant rate owing to increase in use of portable generators in industrial applications.
The global portable generators market is segmented based on power output, fuel type, application, and geography. On the basis of power output, the market is categorized into less than 3kW, 3‐10 kW, and more than 10kW portable generators. By fuel type, the market is classified into diesel, gasoline, and others. Applications covered in the study include domestic, commercial, and industrial. Geographically, the portable generators market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By fuel type, diesel segment is expected to hold the largest market share in 2015, owing to its easy availability and least flammable nature.
Major players operating in the portable generators market include Generac Power Systems, Inc., Cummins Inc., Briggs & Stratton Corporation, Honda Motor Co., Ltd., Caterpillar, Inc., Eaton Corporation Plc, Kohler Co., Yamaha Motor Corporation, Champion Power Equipment, Inc., Smarter Tools, Inc., and others. These players have adopted strategies such as geographical expansion, mergers & acquisitions, product portfolio expansion, and collaborations to enhance their portable generators market penetration.
Portable Generators Market Key Segments
By Fuel Type
By Power Output
Key players profiled in the report
Other Market Players Mentioned in the Report
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