Portable Generator Market

1. Portable Generator Marketglobal Analysis Report 2024-2030 Published by: Rahul, Marketing Head

2. Market Size & Overview: The global portable generator market was valued at approximately USD 2.34 billion in 2023 and is projected to reach nearly USD 3.58 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.25% during the forecast period. Portable generators are versatile power solutions designed for easy transportation, providing temporary electricity during outages, outdoor events, construction sites, and in remote areas lacking a stable power source. These generators operate on various fuels, including gasoline, diesel, and propane, and are available in multiple power capacities to meet diverse consumer needs.

3. Market Growth & Opportunities The demand for portable generators is primarily driven by the increasing frequency of natural disasters such as hurricanes, earthquakes, and wildfires, which often lead to power outages. These events highlight the necessity for reliable backup power solutions to maintain essential services in residential, commercial, and industrial settings. Additionally, the rise in outdoor recreational activities and events has bolstered the need for portable power sources. Technological advancements, particularly the development of dual-fuel generators capable of operating on gasoline or liquefied petroleum gas (LPG), offer consumers flexible and efficient power options, further propelling market growth. Sample Request

4. Market Segmentation by Fuel Type • Diesel • Gasoline • Natural Gas • Others by Power Rating • Less than 5kW • 5–10kW • Above 10 kW

5. Regional Analysis: North America: This region holds a significant share of the portable generator market, attributed to the aging power infrastructure and a high incidence of weather-related power disruptions. The United States, in particular, experiences frequent hurricanes and storms, leading to increased adoption of portable generators for emergency preparedness. Europe: The European market is experiencing growth due to the rising demand for uninterrupted power supply in residential and commercial sectors. Countries like Germany and the United Kingdom are investing in portable generators to support their energy needs, especially in remote and off-grid areas. Asia-Pacific (APAC): APAC dominates the portable generator market, with a market size of approximately USD 1.33 billion in 2018. The region's growth is driven by rapid urbanization, industrialization, and frequent natural disasters, leading to a heightened need for reliable backup power solutions. Countries such as China and India are significant contributors to this demand.

6. Regional Analysis Customized Report Request

7. Merges and Acquisition • Kohler Co. Acquires Heila Technologies (January 2022): Kohler Co., a prominent player in the power systems industry, acquired Heila Technologies, a company specializing in modular energy platforms. This acquisition aims to enhance Kohler's clean energy management portfolio, aligning with its vision to provide advanced power resiliency solutions. • Briggs & Stratton Acquires SimpliPhi Power (September 2021): Briggs & Stratton expanded its footprint in the energy storage market by acquiring SimpliPhi Power, a U.S.-based manufacturer of energy storage and management systems. This strategic move enables Briggs & Stratton to offer a comprehensive range of energy solutions to a broader customer base. • Generac Holdings Inc. Acquires Off Grid Energy Ltd. (September 2021): Generac Holdings Inc., a leader in backup power generation products, acquired Off Grid Energy Ltd., a UK-based designer and manufacturer of industrial-grade mobile energy storage systems. This acquisition strengthens Generac's position in the rapidly growing distributed energy and microgrid markets Buy This Report

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