[Latest] Global Portable Generator Market Size Envisioned

October 02, 2023 16:44 ET | Source: Zion Market Research Zion Market Research

NEW YORK, United States, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Portable Generator Market By Product (Diesel Generator, Gaseous Generator, Gasoline Generator, And Others), By Power Range (Low Power (8-20KW), Medium Power (21-370KW), High Power (371-450KW)), By Application (Prime/Continuous And Emergency), By End-Use (Commercial, Residential, And Industrial), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. 50kw 3 Phase Generator

[Latest] Global Portable Generator Market Size Envisioned

“According to the latest research study, the demand of global Portable Generator Market size & share in terms of revenue was valued at USD 3.9 billion in 2022 and it is expected to surpass around USD 5.9 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.5% during the forecast period 2023 to 2030.”

What is Portable Generator? How big is the Portable Generator Industry?

Portable Generator Report Coverage & Overview:

In situations where a traditional power source is either unavailable or unreliable, portable generators serve as a reliable means of generating energy. These compact and versatile power-generating devices are designed to be easily transportable and adaptable for a wide range of applications. They prove particularly handy for activities such as camping, outdoor gatherings, construction sites, and providing emergency backup power during blackouts or natural disasters.

Portable generators come in various power capacities and utilize different types of fuels, including gasoline, diesel, propane, and natural gas. By employing an engine-driven alternator, they efficiently convert mechanical energy into electrical energy. This capability enables users to operate essential appliances, electronic devices, and lighting, ensuring comfort and convenience across various settings.

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Global Portable Generator Market: Growth Dynamics

The global use of portable generators is on the rise, propelled by the growing frequency of power grid failures. Electricity plays a pivotal role in numerous contemporary technologies, encompassing computers, household appliances, and transportation systems. The surge in electricity consumption, particularly in rapidly urbanizing emerging economies, has placed considerable strain on their aging infrastructure and power grids, resulting in frequent blackouts.

To combat these challenges, industrial users are increasingly turning to portable generators as reliable backup power sources during blackout situations. These generators offer uninterrupted operation across various applications. Consequently, the global portable generator market is expected to experience growth during the forecast period, driven by the escalating occurrence of power grid failures.

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Portable Generator Market: Segmentation Analysis

The global Portable Generator industry is categorized into different segments based on product type, power range, application, end-use, and region.

Regarding product types, the global market can be divided into diesel generators, gaseous generators, gasoline generators, and others. Among these, the gasoline generator segment is expected to dominate the market share during the forecast period.

A gasoline generator serves as a portable power source, enabling the operation of various equipment, including household appliances and construction tools. It provides a dependable backup power supply for residential homes, vacation properties, and commercial buildings. The convenience and versatility of these compact power generators make them highly sought after by homeowners.

Gasoline generators find utility in various settings, including construction sites and domestic use. They are also frequently used during picnics and research expeditions, contributing to the segment's growth prospects in the forecast period.

In terms of power range, the portable generator industry is categorized into Low Power (8-20KW), Medium Power (21-370KW), and High Power (371-450KW).

Based on application, the global portable generator market is segmented into prime/continuous and emergency. The emergency segment is expected to hold the dominant position in the market during the forecast period. The demand for reliable backup power during power outages or emergencies is the primary driver for portable emergency generators.

Emergency generators are commonly employed in both residential and commercial settings, designed to provide backup power in the event of an outage or power failure. These generators are often compact and portable, making them easy to install and transport. The aging power infrastructure in many areas has heightened the risk of power outages, further boosting the need for emergency generators.

In terms of end-use, the global portable generator industry is divided into commercial, residential, and industrial sectors. The residential segment is expected to witness the highest compound annual growth rate (CAGR) during the forecast period. This growth is attributed to the increased occurrence of extreme weather conditions, such as hurricanes and snowstorms, which can lead to prolonged power outages.

Many households are turning to portable generators as reliable backup power sources to keep their essential appliances and devices running during such outages. Additionally, the rising demand for user-friendly, compact, and portable generators for camping trips and outdoor activities is driving the expansion of this segment.

The global Portable Generator market is segmented as follows:

Browse the full “Portable Generator Market By Product (Diesel Generator, Gaseous Generator, Gasoline Generator, And Others), By Power Range (Low Power (8-20KW), Medium Power (21-370KW), High Power (371-450KW)), By Application (Prime/Continuous And Emergency), By End-Use (Commercial, Residential, And Industrial), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/portable-generator-market-size

Some of the main competitors dominating the global Portable Generator market include -

Key Insights from Primary Research:

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The Asia Pacific region is poised to take the lead in driving market growth throughout the forecast period. The increasing demand for power backup solutions in residential settings, coupled with the growing adoption of portable generators in the infrastructure and construction sectors, is fueling the demand for these generators in this geographical area.

Furthermore, the availability of affordable portable generators and the expansion of the e-commerce industry are expected to bolster revenue growth in this region. Additionally, the rising occurrence of natural disasters such as floods and typhoons is anticipated to further boost the demand for portable generators in the Asia Pacific.

Conversely, North America retains a substantial market share during the forecast period. The demand for portable generators in North America is being propelled by the necessity for power backup in the oil & gas and construction industries, as well as the increasing frequency of natural disasters like hurricanes and wildfires, which often result in power disruptions.

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