Industry analysis on Portable Generator Industry Trends, Share, Size

 

Portable Generator: Introduction

• Portable generator, also known as engine generator, is an engine driven generator that is manufactured for multiple uses. Portable generator consists of a prime mover, which is engine, and electrical generator. These are mounted together to form an electric generation unit.
• Portable generator unit consists of various components that are assembled together to form a single unit. Primary components include fuel tank, alternator, starter, and internal combustion engine. Portable generator is not permanently installed and can be moved from one place to another place. This is the difference between standby generator and portable generator. Furthermore, it is manually started. Portable generator is primarily used to provide electrical power where electricity is unavailable or required for temporary purpose. Frequent power outages and rise in demand for uninterrupted electricity are driving the demand for portable generators.

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Key Drivers and Restraints of Portable Generator Market

• Rise in demand for uninterrupted power supply in residential and commercial establishments is likely to drive the global portable generator market during the forecast period. Portable generator is less expensive than stationary generator. This makes its adoption preferable in residential and commercial establishments.
• Technological innovation in design of portable generator to optimize efficiency is projected to propel the global portable generator market between 2021 and 2031

COVID-19 Impact Analysis

Governments of various countries have imposed restrictions on the movement of individuals and economic activities to limit the spread of the COVID-19 pandemic. As a result, several industries had to halt their operations temporarily. Disruption in the operation of industrial sector has adversely affected the demand for electricity, as it is the major consumer of electricity.  This, in turn, is expected to hamper the demand for portable generators.

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Global Portable Generator Market: Segmentation

• The portable generator market can be segmented based on power rating, fuel, and application
• Based on power rating, the portable generator market can be divided into up to 5 kW, between 5 kW and 10 kW, between 10 and 15 Kw, and above 15 Kw. The 10 kW to 15 Kw segment accounted for major share of the market in 2020. 10 to 15 Kw portable generators are primarily used for residential and commercial purposes. They also meet the need of end-users in terms of cost. The between 10 kW and 15 Kw segment is also anticipated exhibit significant growth rate during the forecast period. The above 15 Kw segment is anticipated to expand at a moderate rate in the near future.
• Based on fuel, the portable generator market can be segregated into gasoline, diesel, and others. The gasoline segment dominated the market in 2020 due to its compatibility toward small capacity engine. Gasoline is also readily available and enables quick starting of the engine.

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Asia Pacific to Constitute Major Share of Global Portable Generator Market

• In terms of region, the global portable generator market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
• In terms of consumption, Asia Pacific held significant share of the portable generator market in 2020. In Asia Pacific, portable generators are used in small shops during various outdoor events and functions. It is likely to remain the dominant region during the forecast period. After Asia Pacific, North America accounted for large share of the portable generator market in 2020. Increase in natural calamities in North America in the form of hurricanes is hampering power usage; as a result, demand for portable generators is increasing in the region. Portable generators are primarily used at drilling and mining sites in Middle East & Africa and Latin America owing to the low availability of power supply at these sites.

Key Players Operating in Global Market

Leading companies operating in the global portable generator market include:

• Yamaha Motor Co., Ltd.
• Honda Siel Power Products Limited
• Kohler Co

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Global Portable Generator Market, by Power Rating

• Up to 5kW
• 5kW-10kW
• 10kW-15kW
• Above 15kW

Global Portable Generator Market, by Fuel

• Diesel
• Gasoline
• Others

Global Portable Generator Market, by Application

• Residential
• Commercial
• Industrial

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