Market Overview:

The Global Low Capacity Portable Generator Market Size Was Valued At $2.2 Billion In 2022 And To Reach $3.50 Billion By 2030, Growing At A Compound Annual Growth Rate (CAGR) Of 6.0% From 2022 To 2030.

Weather conditions like heavy rain, heat waves, storms, hurricanes, and fog can stop the regular flow of electricity, so many places need backup power supplies. Camping, tailgating, and RVs are all places where portable generators are used. Portable generators are more popular because they can run for a long time and use fuel efficiently.

All over the world, there is a lot of growth in the portable generator business. Portable generators can be used to power emergency tools and equipment, medical devices, and small appliances, among other things. According to a study by Contrive Datum Insights, many people prefer to buy these generators because they are reliable and can do a lot of different things.

COVID-19 Impact:

The COVID-19 pandemic had a big effect on the portable generator business because it caused many problems in the global supply chain and made market players less likely to put money into their planned projects. In addition to the annual increases in the capacity of portable generators, which are expected to help the geothermal power industry, some projects are being held up by COVID-19 and global lockout measures put in place by many countries around the world.

As technology in the IT sector has improved, the digital revolution has grown, but virus attacks have slowed it down. This has led to an unexpected rise in industrial automation. Because of this, the need to keep up with the growing demand for electricity, mostly from businesses and homes, is expected to help the portable generators industry.

Market Dynamics:

Market Trends:

One of the most popular new types of portable generators is one that runs on batteries. The small batteries in these generators make them easy to move and store, and they are great for emergencies. They also have batteries that last longer than other types of generators. This makes them great for longer trips or less frequent use.

Another popular trend in the portable generator market is the use of solar power. The solar panels on these generators turn sunlight into electricity, which gives them a lot of power. They're great for people who want steady power without having to deal with smells or noise, and they can be used in a variety of places.

Driving Factors:

• Rapidly Rising the Construction Industry

Market growth is also being driven by the construction industry, which is growing quickly. In the construction industry, power tools of all sizes, such as drills, motors, compressors, and air hammers, are often used. Portable generators are often used in new construction projects where most of the work is done at night or where there is no electricity from a power grid.

• Rise in the Instances of Power Outages Owing to Extreme Weather Conditions

The country's power infrastructure is held together by the way electricity is sent and used. Transmission systems that haven't been updated properly can't handle more power, and in some cases, they can even break down and cause a power outage. In developed countries, transmission and distribution networks were set up a long time ago. Even with regular maintenance, infrastructure will weaken after a certain age. The National Association of Regulatory Utility Commissioners in the United States says that coal, gas, and nuclear power plants can work well for about 40 years. Because these power sources are getting to the end of their useful lives, countries like the US, the UK, and Germany have been replacing their old power generation, transmission, and distribution infrastructure to cut down on power outages.

Extreme weather is also likely to make more people want to buy portable generators. There are often and unpredictable power outages in the US electrical infrastructure. So, more money will be spent on backup power solutions, and more consumers will be aware of the need to be ready for emergencies. This will help the market grow even more. The Department of Energy (DoE) and the North American Electric Reliability Corp. (NERC) say that a system that can handle sudden jumps and drops in power can help keep the power on. The US has more blackouts than any other developed country, and they last longer than an hour. Over the past few years, the number of blackouts has steadily gone up. About USD 150 billion is lost every year by American businesses because of these blackouts.

• Rising Natural Calamities and Frequent Power Outage to Drive the Market

When natural disasters like tsunamis, earthquakes, floods, bushfires, storms, hurricanes, and volcanic eruptions happen, the number of people who need portable generators goes up. In some parts of the world, natural disasters happen often and disrupt the national grid infrastructure, making it hard to get electricity at all times. During these kinds of events, portable gensets are often used to power rescue operations.

Restraining Factors:

• Stringent Government Regulations Pertaining to Emissions on Generators

Portable generators are used in a wide range of ways in homes, businesses, and factories. When a generator burns diesel, it gives off oxides of nitrogen, carbon monoxide, and small particles. These emissions go straight into the air, and they hurt both the environment and the people who live there. Several rules have been put in place around the world to limit the amount of noise and air pollution that generator sets cause. Consumer Product Safety Commission (CPSC) is a key step toward regulating gas-powered generators, which can release as much carbon monoxide as a car. Countries are trying to cut down on the pollution caused by the fuels used in portable generators. For example, California has a law that says portable generators can't be used in the state.

• High Manufacturing Costs

Costs of making portable generators are going up, and safety concerns are getting bigger. This could hurt the market for portable generators. A number of technical and functional problems, like the fact that they can only power a small number of devices, make a lot of carbon monoxide, are loud, and use a lot of gasoline, also make it hard for people to buy these generators. This makes it unusable if the power goes out suddenly, which means an operator has to help and limits the product's use to some extent.

• Initiatives by Governments and International Authorities to Improve Access to Electricity

Developing countries are paying close attention to how often the power goes out and how little electricity they have. The size of the market is likely to shrink as local governments become more interested in expanding the grid infrastructure to meet the needs of end users. Also, growing worries about greenhouse gas emissions and a shift toward clean energy technology are likely to slow the market's growth.

Opportunities:

• Technological Advancements such as Dual Fuels and Inverter Portable Generators

In general, hybrid generators are made up of an internal combustion engine and batteries. Many OEMs offer hybrid generators. When the load is high, the engine is directly powered by these hybrid gensets. When the load is low, the engine is powered by the battery. They are better than traditional generator sets in a number of ways, such as that they run for less time, use less fuel, and make less noise. They are also expected to get into the market for mobile generator sets, which are mostly used in homes and on construction sites.

Dual fuel generators make standby power systems more reliable because they take the best parts of both gas and diesel generators. In an emergency, diesel can be the only fuel for portable generators that can run on both gas and diesel. Several generator companies are putting in place dual fuel technology to solve problems with diesel engines.

• Easy Availability and Affordability Factor

By 2032, the gasoline fuel segment of the portable generators market will be worth more than USD 14 billion. Gasoline is still the most common fuel for generators because it is easy to get and cheap. It works with backup generators that are cooled by air and have easy-to-use control panels. Also, gasoline generators are widely used in homes, small industrial facilities, and construction sites because they can work effectively for 4–11 hours a day.

Challenges:

• Increasing Adoption of Renewable Energy Technologies and Energy Storage Solutions

In the last few years, the business of storing energy has grown at a very fast rate. The main things that are driving the energy storage market are the focus on reducing greenhouse gases and the strict goals for reducing emissions. These problems also make it hard for the market for portable generators to grow. Solar and battery prices have been going down every year, and we expect them to go down even more during the projection period. Renewable energy options are becoming more popular because more people want to control and lower their electricity bills. In residential settings, battery energy storage systems are used to power buildings. So, the growing use of energy storage technology is slowing the growth of machines that use fuel to make power, like portable generators.

Strategic Development:

• In May 2017 - Atlas Copco released two new inverter power (iP) generators. These generators give contractors a reliable, effective, and light source of portable power. P 3500i and P 2000i are the newest additions to Atlas Copco's wide range of portable generators.
• Atlas Copco Portable Energy has kept its focus on making power. It has already shown off Predictable Power at Bauma. This is the face of its careful approach to the on-site generator and power generation business.
• In January - Yamaha Motor Corp. released a new line of portable inverter generators called EF2200iS. These generators will be added to its current line of portable generators. They will have more power and a control panel with LED lights. They will also be lighter.
• In January 13, 2021 - Atlas Copco has made its QES portable generators go up to 500 kVA as of. This lets the generators work nonstop for up to 500 hours and in temperatures that are very hot or very cold.
• In July 2020 - All of Honda Power Equipment's portable generators will come with CO-MIDER and an advanced carbon monoxide (CO) detector system. This makes it possible for the unit to shut down automatically before the CO level gets too high.
• In July 2020 - Duracell Power has said that their gas-free PowerSource generator, which has a solar controller and gives power when needed, will be available. This has led to a simple and clean alternative energy source that can be used as a backup power source.
• In March 2021 - Generac Power Systems has said that Powermate portable generators will get a whole new look. The new line-up has ten modules of portable generators that can meet almost all the needs of homeowners and make their lives easier.

Key Vendors:

Top key players are

• Eaton

Eaton is a power management company that has been in business for more than 100 years. The business is split into different parts, such as electrical Americas, electrical global, aerospace, vehicle, and eMobility.

• Generac Holdings

Generac is a leading company in the field of energy technology that wants to power a smarter world. Through our backup and main power systems, our goal is to lead the way toward a world that is more resilient, efficient, and sustainable. Generac was started in 1959. It was the first company to make a backup generator that was affordable. Later, it created the market for automatic home standby generators, where nearly eight out of ten generators sold are Generacs.

• Honda Power Equipment

Honda is committed to making products that make people's lives better, and this goes way beyond cars and motorcycles. Since 1953, Honda has made more than 100 million power products that are sold all over the world. Honda is still the leader in making 4-stroke engines with low emissions, good fuel efficiency, and low impact on the environment. These engines are used in generators, water pumps, lawn mowers, outboard motors, and many other types of power equipment.

• Yamaha Motor

Yamaha went to India for the first time in 1985. Yamaha Motor India became a 100% subsidiary of Yamaha Motor Co., Ltd., Japan, in August 2001. (YMC). Mitsui & Co., Ltd. made a deal with YMC in 2008 to invest in the company "India Yamaha Motor Private Limited (IYM)" with them. IYM has two state-of-the-art plants, one in Surajpur, Uttar Pradesh, and the other in Faridabad, Haryana (Haryana).

• Briggs and Stratton

Briggs & Stratton is based in Milwaukee, Wisconsin, and helps people get work done with new products and different ways to use power. Briggs & Stratton is the biggest company in the world that makes engines for outdoor power equipment. It also makes lithium-ion batteries, standby generators, energy storage systems, lawn and garden, turf care, and job site products.

• Champion Power Equipment

Champion Power Equipment is the market leader when it comes to equipment for making electricity. Champion has been making reliable and long-lasting power products in the US for North America and the rest of the world for many years. Champion products are the standard for how well they work at home, at work, and in play.

• Honeywell International

Honeywell International Inc. is a technology and manufacturing company with offices all over the world. The company makes and sells products and services for the aerospace industry. It also makes control, sensing, and security technologies for commercial buildings, as well as solutions for safety and productivity, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and products and services that save energy.

• Kohler

Kohler Company is one of the biggest privately owned businesses in the US. Kohler has always been owned and run by a circle of the founder's family members. This is different from other companies that were once public but went private through debt-filled leveraged buyouts. Kohler is one of the biggest employers in Wisconsin. It is best known for making bathtubs, sinks, toilets, and other bathroom fixtures.

Segmentation Analysis:

By Type:

There are two main types of portable generators on the market: conventional portable generators and inverter portable generators. In 2021, around 58-64% of the portable generator market's revenue came from the conventional portable generators segment.

• Conventional portable generators
• Inverter portable generators

By Fuel:

Portable generators can run on a variety of fuels, most of which are diesel, gas, and others. Diesel is the most common type of fuel used in home generators because it is more efficient, cheaper than gasoline, and lasts longer. Diesel generators are very reliable and can run for a long time with a heavy load. They are also driving the trends in the portable generator market.

• Diesel
• Gas
• Others

By Power Rating:

The residential sector is anticipated to offer a sizeable prospects for the below 5kVA segment. These generators are transferable and flexible and protect lives during natural disasters by maintaining continuous power. It is reliable equipment to mitigate frequent power outages and to counter the blackouts in the event of grid failure. Similarly, other segments are experiencing gradual growth on account of the expansion of commercial spaces and SMEs.

• Below 5KVA
• 5-15kVA
• 15-45kVA
• 45-75kVA

By Application:

As more and more people move from villages to cities, the world is becoming more and more urbanized. The growth of the world's GDP is largely due to urban areas. This growth attracts investors who want to grow their businesses, which in turn increases the need for electricity. People can find jobs, start businesses, and improve their lives in many different ways in metro areas. There is a lot of growth potential in the urban sector, which means that more people are moving to metro cities. So, the size of the market is likely to grow as the population grows and the commercial and urban sectors grow.

• Residential
• Commercial
• Others

Regional Insights:

Due to more people using electricity and more blackouts, the portable generator business is expected to grow a lot in the coming years. Asia-Pacific has a big impact on the residential generator market and is expected to have the most market share in the portable generator market. Emerging economies like China and India, which are putting a lot of money into the energy and power sector, are to blame for the growth. Even though the government is investing in grid infrastructure, millions of people in this region still don't have access to electricity, which could help the portable genset grow.
North America and Europe, on the other hand, have steady growth that is mostly caused by more natural disasters. Due to poor grid infrastructure in African countries, there is a lot of demand for home generators in the Middle East and Africa. Portable generators are used a lot in many Gulf countries to provide backup or continuous power during public events or in case of natural disasters. Also, this area has a lot of potential for economic growth, and a lot of multinational companies are investing in a variety of industries. So, portable generators are the best way to provide power in remote areas and keep the power from going out often.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The portable generator market report gives a lot of information about the market from different points of view. Some of them are growth drivers, growth restraints, competitive landscape, regional analysis, and challenges.
• It also gives an analysis of the trends and estimates in the portable generator market to show where the next investment opportunities are.
• Along with this, the report gives a detailed look at how the market works, what new trends are happening, and how the competition is doing.
• The report gives key information about the adoption trends of the residential industry by individual segments, recent industry developments like partnerships, mergers, and acquisitions, and key industry trends.