The Global Portable Generators Market is projected to reach USD 4.84 billion by 2028, at a CAGR of 3.4% between 2018 and 2028. According to Quince Market Insights, the increasing demand for portable power backup is one of the factors influencing the demand for portable generators. The report provides a detailed analysis of emerging market trends, market size, and forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc.
The portable generators market is one of the established markets in the generator manufacturing industry. They are used in numerous activities such as musical shows, weddings, and residential areas for emergency power supply during power cuts. One of the major factors responsible for the growth of the portable generator market is its portable feature. It can be transported and set up to any place where there is a frequent power cut. It is now mostly seen in residential areas as well as hospitals to provide emergency power backup, which is influencing the growth of the portable generators market. Moreover, the use of portable generators in various industries has increased the market value and demand for portable generators.
Increasing demand for portable power supply systems
Countries in developing regions such as the Asia Pacific, the Middle East, and South America have witnessed economic growth in the past few decades. Due to the rise in outdoor activities such as concerts, weddings, and functions in remote areas or villages, the demand for portable generators has also increased. Most industries are situated in remote areas where electricity supply is not continuous.
The Asia Pacific is expected to witness high demand during the forecast period
The Asia Pacific is the fastest-growing market for portable generators, owing to high demand from rapidly growing economies such as China, India, South Korea, etc. Moreover, increasing industrialization in countries such as India, China, etc., has positively impacted market growth. Furthermore, increasing the number of hospitals, residential areas, and outdoor activities such as concerts, weddings, etc., in India has led to a high demand for portable generators.
Major companies manufacturing portable generators, such as Kohler, Briggs &Straton, Honda Motors, Yamaha Motor Corporation, Generac, Cummins Inc., Eaton Corporation Plc., Caterpillar Inc., Champion Power Equipment Inc., and Wacker Neuson, among others, have been profiled in the study to provide a competitive view about the market.
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