Portable generators are used to supply electricity for the operation of small electrical appliances in the event of a power outage. Rapid increase in the demand-supply gap of electric power in developing economies is driving the growth of the market. Similarly, increasing number of live commercial events is fuelling the growth of the market. The major players in the market are hugely investing in R&D and coming up with technologically advanced products, which is positively influencing the growth of the market. However, growing adoption of energy storage technologies and stringent emission regulations for diesel engines are the factors that may hamper the growth of the market.

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portable generator market Segmental Analysis

Global portable generator market has been segmented based on fuel type, rated power, application, end-user, and region.

Based on fuel type, the market has been segmented into diesel, gas, and others. The gasoline segment accounted largest market share in 2016 and is expected to grow at the highest CAGR during the forecast period, mainly due to gasoline fuels being more compatible with small capacity engines.

Besides compatibility, the availability of fuel and clean operation are also the key factors for the growth of gasoline portable generators. Furthermore, stringent environmental norms to control the emission of hazardous gasses from diesel generators boost the growth of the gasoline portable generators.

Based on end-user, the market has been segmented into industrial, commercial, and residential. The residential segment accounted for the largest market share in 2016.

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Worldwide Analysis

On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region dominates the global portable generator market. Aging grid substructure and natural calamities causes frequent power outages and continuously growing demand from industrial sector is fuelling the growth of the market in the region. The U.S. is the largest contributor in North America as well as the global portable generator market. Asia Pacific region is expected to grow at the highest CAGR during the forecast period, majorly due to factors such as the continuous growth of constructional and developmental activities. China, India, Japan, and Thailand are the key contributors to the Asia Pacific market. China accounts for the largest market share in the region due to rapid growth in the urbanization and industrial development.

Prominent Players

The key players in the global portable generator market are Honda Motor Co., Ltd (Japan), Briggs & Stratton Corporation (U.S.), Generac Power Systems, Inc. (U.S.), Yamaha Motor Corporation (Japan), Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), Kohler Co. (U.S.), Eaton Corporation Plc (Ireland), Champion Power Equipment, Inc. (U.S.), Siemens AG (Germany), MTU Onsite Energy (U.S.), Honeywell International Inc. (U.S.), Wacker Neuson Group (Germany), SmarterTools Inc. (U.S.), and Atlas Copco (Sweden).

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