Portable Generator Market Expected to Reach 3.58Billionby2030
**Market Overview:** The global portable generator market is expected to reach **US 3.58 billion by 2030**, growing at a CAGR of 6.25% from 2024. This growth is driven by:
- Increased demand for reliable backup power due to natural disasters and power grid vulnerabilities.
- Growing popularity of outdoor activities like camping and RVing.
- Dual-fuel capable models offering versatility and efficiency.
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Report Scope:
This report offers a comprehensive analysis of the global portable generator market from 2018 to 2030, covering:
- Historical data
- Current market size
- Future projections
- Market segments
- Key players
Research Methodology:
The report utilizes a combination of primary and secondary research techniques, including:
- Interviews with industry experts
- Surveys
- Data analysis from reliable sources
Segmentation:
- Power Rating: Less than 5kW, 5-10kW, Above 10kW
- Fuel Type: Diesel, Gasoline, Natural Gas, Others
- End User: Commercial, Industrial, Residential
Regional Insights:
- Asia Pacific held the largest market share in 2023 and is expected to maintain its lead due to rising demand in residential and infrastructure sectors.
- North America is the second-largest market, driven by the need for backup power in construction and oil & gas industries.
Key Findings:
- Gasoline generators dominate the market due to affordability and diverse applications.
- Residential users are the largest segment, seeking backup power during outages.
- Growing demand for cleaner alternatives like battery storage systems may challenge traditional generators.
Portable Generator Market Key Players:
North America Portable Generator Market Top Players:
1. Generac Holdings Inc. - (USA)
2. Briggs and Stratton LLC - (USA)
3. Caterpillar, Inc.. - (USA)
4. Cummins Inc. - (USA)
5. Deere and Co. - (USA)
6. Honeywell International Inc. - (USA)
7. Kohler Co. - (USA)
Europe Portable Generator Market Top Players:
1. Atlas Copco AB - (Sweden)
2. KAZANCI HOLDING - (Turkey)
3. Eaton Corp. Plc - (Ireland)
4. Siemens AG - (Germany)
5. Wacker Neuson SE - (Germany)
6. JCB Power Products - (United Kingdom)
7. Perkins Engines Company Limited - (United Kingdom)
8. MTU Onsite Energy - (Germany)
APAC Portable Generator Market Top Players:
1. Doosan Corp. - (South Korea)
2. H.S. ENGINEERS - (India)
3. Himalayan Power Machines Co. - (India)
4. Honda Motor Co. Ltd. - (Japan)
5. ITOCHU Corp. - (Japan)
6. Kirloskar Oil Engines Ltd. - (India)
7. Skyline Power Solutions - (India)
8. Yamaha Motor Co. Ltd. - (Japan)
9. Yanmar Holdings Co. Ltd. - (Japan)
10. Atlas Copco (India) Ltd. - (India)
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