At 6.58% CAGR, Portable Generator Market to Hit USD 2619.41 Billion By 2028 - Value Chain Analysis, Growth Opportunities, Expansion Plans, and Future Prospect - Facts Factors (2023)

02-01-2023 07:27 AM CET |

Press release from:

Portable Generator Market

According to Facts and Factors, the global portable generator market was valued at USD 1,729.50 billion in 2021 and is predicted to increase at a CAGR of 6.58% to USD 2619.41 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

The research report presents a strategic analysis of the Portable Generator Market analysis through top players, size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors. Further, the market attractiveness index is provided based on a five-forces analysis. This report mainly focuses on the top players and their market segments, business tactics, geographical expansion, manufacturing & pricing, and cost structures. We have also focused on PESTLE, a SWOT analysis of the world's Portable Generator Market.

Facts & Factors published the latest market research report on "OriginalTitle" which includes 110+ pages of research PDF with TOC including a list of tables and figures in its research offerings. Every part of this finding is especially ready to find out crucial aspects of the worldwide Portable Generator Market industry. For example, the market dynamics segment discovers deeply into the drivers, restraints, trends, and opportunities of the global industry. With qualitative and measurable, we facilitate you with in-depth and detailed research on the Portable Generator Market in the world.

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The Advantages of Requesting a "FREE PDF" Sample Report Before Purchasing:

• Impact of COVID-19 on present market condition
• A summary of the Portable Generator Market and a quick introduction to the research report
• Global and regional analysis in a graphic format is covered.
• With revenue analysis, you can learn about the market's leading players.
• A range of visual representations of market information and trends are available.
• Example pages from the report.
• Facts & Factors (FnF) research methodology.

(Note: Before distribution, this report's sample includes COVID-19 effect analysis.)

Spreadsheet Chapters include

Market Consumption - Product/Service Consumption by Country, by Year, and Market Consumption in US$ The terms "market," "financial," "competitive," "market segmentation," "industries," "critical parameters," "marketing costs," "markets," "decision-makers," "performance," and "product launch" are all used to describe the various aspects of a market or industry.

Report Parameter Description

• The base year 2021
• Forecast period 2022-2028
• Market size (US$ Billions) and CAGR (%) from 2021 to 2028
• Geographical coverage North America (The USA), Europe, and Asia Pacific (China)

The purpose of this market analysis is to estimate the size and growth potential of the market based on the kind of product, the application, the end-use industry, and the area. Also included is a comprehensive competitive analysis of the major competitors in the market, including their company profiles, critical insights about their product and business offerings, recent developments, and important market strategies.

Some of Following Top Market Players Profile Included in Portable Generator Market Report:

List of Key Players in the Global Portable Generator Market:

Atlas Copco (Sweden)
Briggs & Stratton (US)
Generac (US)
Honda (Japan)
Yamaha (Japan)
Caterpillar (US)
Cummins (US)
Eaton (Ireland)
Honeywell (US)
Siemens (Germany)
Wacker Neuson (Germany)
Kubota (Japan)
Kohler (US)
Champion (US)
Himoinsa (Spain)
Duromax (US)
Loncin (China)

The players are analyzed through:

• Corporate profile
• Analysis of business segments
• Financial analysis
• SWOT analysis
• What is the impact of COVID-19 on the current market scenario?

COVID-19 Impact Analysis:

Communities and businesses across the world are attempting to keep up with the demands of the COVID-19 epidemic while also attempting to mitigate its effects. This pandemic has had a negative impact on the market size for the year 2020, with small and medium-sized enterprises (SMEs) struggling to maintain their operations in the short term. Industry leaders are concentrating their efforts on developing new business methods to deal with emergencies such as the COVID-19 pandemic, which is currently in progress.

COVID-19 is rapidly spreading and threatening to become a pandemic. Prepare your organization for the changes that are already underway. Develop a grasp of the risks and probabilities, as well as how your sector and country will be impacted by these changes.

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Furthermore, the Portable Generator Market report analyses the factors that are contributing to the expansion of the industry and the development of new market channels. The study begins with an overview of the industrial chain structure, which is followed by an explanation of its upstream. Additionally, the study examines the market size and forecast across a variety of geographic regions, product kinds, and end-use segments. Furthermore, the report includes information on the market price and channel characteristics.

The global portable generator market is segmented as follows;

By Application


By Fuel

Gasoline (Petrol)
Natural Gas
Others (LPG, Propane, and Biodiesel)

By Power Rating

Below 5 kW
5-10 kW
10-20 kW

By End-User


Scope of the Report:

A dynamic approach to the investment feasibility, supply chain management, import and export circumstances, significant return on investment, consumption volume, and end-use adds value to market data. Tables, charts, and graphic pictures are used to explain all of the factors that assist business owners in identifying the next stages of growth.

An in-depth analysis of the market expansion and other elements of the Portable Generator Market in important countries is included in the research (regions):

• North America (the U.S., Canada, and Mexico)

• South America (Brazil, Argentina, Chile, Colombia)

• Europe (European Union) (Germany, UK, France, Russia, Spain, and Italy)

• Asia-Pacific (China, Australia, Japan, India, Korea, and South-east Asia)

• The Middle East and Africa (UAE, Saudi Arabia, Egypt, Nigeria, and South Africa)

Report Coverage

The report gives an in-depth look at how much Portable Generator Market is available and how much it is needed in the global market. Make data-driven decisions about how to grow your business with this tool. This report has the most up-to-date information on market trends and opportunities, consumption, production, imports, exports, and price changes. The forecast shows how the Portable Generator Market will look through to 2028.

It gives an overview of the industry, including its definition, applications, and manufacturing process. If you want to see the competitive landscape, the research report Portable Generator Market is broken down by company, country, and use/type. If you want to know what to expect in 2022-2028, you can look at the market's current trends as well as upstream raw materials, downstream demand, and market dynamics.

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Highlights of the Report:

• For the period 2022-2028, accurate market size and compound annual growth rate (CAGR) predictions are provided.
• Exploration and in-depth evaluation of growth potential in major segments and geographical areas
• Company profiles of the top players in the global Portable Generator Market are provided in detail.
• Comprehensive investigation on innovation and other market developments in the worldwide Portable Generator Market.
• Industry value chain and supply chain analysis that is dependable.
• A thorough examination of the most significant growth drivers, limitations, obstacles, and future prospects is provided.

(We alter your report as indicated by your exploration need. Ask our outreach group for report customization.)

Free Customization

This report features Free Customization, which includes a "breakout" of specific industries or countries. An analyst call can be set up as part of the free customization. The Portable Generator Market can be tailored to a country or market sector. The report also recognizes that each client has unique business needs, thus we deliver totally customized solutions.

In-depth qualitative analyses identify and investigate the following:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Market Opportunities & Emerging Product Trends
• Porter's Five Forces Analysis

Reasons to buy:

• Acquire competitive intelligence to develop effective R&D plans.
• Analyze the product portfolios of new competitors and design counter-strategies.
• Categorize new clients or partners in the target market.
• Develop tactical initiatives by studying leading organizations' focus areas.
• Identify Top Manufacturer to plan mergers and acquisitions.
• Understand Portable Generator Market pipeline depth to formulate correction procedures.
• Develop in-licensing and out-licensing strategies by finding promising partners.
• The report will be updated with the most up-to-date data and delivered to you in 2-4 working days after you order it.
• If you want reliable, high-quality data and analysis to support your internal and external presentations, this is the place for you!
• Create regional and country-wide strategies based on data and analysis from your area.

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Portable Generator Market Report: Research Findings, Market Size Evaluation, Global Market Share, Consumer Needs, and Customer Preference Change, Data Source are some of the things it says at the end of the report. These things will help the business grow more as a whole.

Key Offerings:
• Market Size, Trends, & Forecast by Revenue | 2022-2028
• Market Dynamics - Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation - A detailed analysis by segmentation, and by Region
• Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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What is the market analysis for generators? ›

The industrial sector had a valuation of US$ 19,697.2 Mn in 2021. Several residential complexes also depend on generators for power backup as lifts and building lights depend on them for their functioning in case of a power outage. By 2032, the residential segment is expected to reach US$ 3,422.7 Mn.

What is the size of the US generator market? ›

Industry Overview

North America Portable Generators Market size surpassed USD 2 billion in 2021 and the annual installation is anticipated to surpass 3.5 million units by 2028.

What is the market size of power generators? ›

The global portable generator market size was valued at USD 4.43 billion in 2021 and is expected to reach USD 7.01 billion by 2030, poised to grow at a CAGR of 5.34% during the forecast period 2022 to 2030. The Asia Pacific market size was estimated at USD 2.14 billion in 2022.

Are generators in demand? ›

“According to the latest research study, the demand of global Portable Generator Market size & share was valued at USD 1,729.50 billion in 2021 and it is expected to surpass around USD 2619.41 billion Mark, by 2028, at a compound annual growth rate (CAGR) of about 6.58% during the forecast period 2022 to 2028.”

Is it smart to invest in a generator? ›

Increased re-sale value: Long-term planning is always a wise choice. Investing in a home generator will increase your home's value, as buyers are interested in homes that offer a pre-installed backup power system.

Is a generator a good investment? ›

It's true—installing a whole house generator is a financial investment. However, this initial expense can save you thousands in the long run. Power outages do more than just cut out the lights. All appliances from refrigerators to sump pumps are unable to function.

Who sells the most generators? ›

Generac Power Systems, Inc., headquartered in Waukesha, WI, is the leading manufacturer of home standby generator systems and offers a wide range of power products in the marketplace including portable, residential, commercial, and industrial generators as well as manual and fully automatic transfer switches and ...

Who is the largest manufacturer of generators? ›

12 Biggest Generator Companies in the World
  • Qulliq Energy Corporation. Market Value as of November 29, 2022: N/A. ...
  • Kirloskar Electric Company Limited (NSE:KECL. NS) ...
  • Wacker Neuson SE (ETR:WAC.DE) ...
  • Aggreko Plc. ...
  • Generac Holdings Inc. ...
  • Mitsubishi Heavy Industries, Ltd. ...
  • Ingersoll Rand Inc.
Dec 2, 2022

Is there a generator better than Generac? ›

Kohler has been making generator engines for 40 years more than Generac. Therefore, Kohler whole house generators offer more durability and firmness in terms of mechanics as they have more experience in the industry. Whenever there is a power outage, it will start automatically.

What are the top 3 generators? ›

There are three kinds of machines to consider.
  • Best overall: Generac 7042 Standby Generator.
  • Editor's pick: Westinghouse WGen9500DF Dual Fuel Portable Generator.
  • Best for low prices: Champion Power Equipment 3500-Watt Portable Generator.
  • Best inverter generator: Briggs & Stratton P2200 PowerSmart Inverter Generator.
Dec 21, 2022

What is the best month to buy a generator? ›

For most people, the best time of the year to buy a generator is between late summer and early fall. However, those with mild winters and intense summers may want to purchase a generator in the spring.

Which company is best for generator? ›

1) Caterpillar

As the world's best manufacturer for construction and mining equipment, Caterpillar provides high-quality generator sets. The company sells both diesel-powered (7kW to 16,200kW) and gas-powered generators (9kW-600kW) to many countries globally.

Which generator is better Cummins or Generac? ›

In addition to those qualities the Cummins Quite Connect series is quieter than competitors like Generac, they have a more robust and fulfilled warranty, and they also have a longer lifespan. with yearly maintenance, you can expect a Cummins unit to last between 20-25 years.

What is the best portable generator 2023? ›

Our overall top pick of the best portable generator is the Westinghouse WGen9500c Portable Generator that can run for up to 12 hours on one tank of gas and provides 12,500 starting watts to power all of your necessities in the event of a blackout.

What time of year is best to buy a generator? ›

Early spring or early fall are likely the best options for generator shopping to avoid the panic buying before, during, and after severe weather events.

Do generators hold their value? ›

According to Consumer Reports, a whole-house generator properly installed by licensed and certified electricians could raise your home's value by 3% to 5%.

Does a generator increase property value? ›

Because power outages are expensive and dangerous, new homeowners desire the added level of security home generators provide. In addition to increasing the overall value of your home, a generator can help you save large sums of money on home repairs that result from prolonged power outages.

Should I buy generator in winter? ›

If you have yet to purchase an emergency generator for your home, now is a perfect time to consider doing so. Winter is right around the corner—and with the new season comes an increased chance for power outages to occur.

Which is the No 1 generator brand in the world? ›

1. Caterpillar Inc. Caterpillar Inc. is a global manufacturer of mining and construction equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

Which is best solar or generator? ›

Depending on your backup power requirements, a generator may be the better option. Also, solar battery prices will always vary, depending on the size of your system and what kind of solar panel battery storage system best meets the needs of you and your home.

What company owns Generac? ›

Generac, a subsidiary of Generac Holdings, Inc. (NYSE: GNRC), is a leading producer of commercial and industrial portable and standby generators.

What percentage of Americans have generators? ›

However, only 15% of residents currently have backup power.

What is the market share of Generac home generators? ›

Overall company Market Share Q3 2022

Despite strong revenue increase of 15.44 % in Overall company, Generac Holdings Inc lost market share, to approximate 1.76 %. << More on GNRC Market Share. *Market share is calculated based on total revenue.

How big is the utility industry in the US? ›

Utilities in the US - Market Size 2005–2028
$961.4bnUtilities in the US Market Size in 2023
1.4%Utilities in the US Annualized Market Size Growth 2018–2023
Purchase this report or a membership to unlock our data for this industry.Utilities in the US Market Size Growth 2023–2028
1 more row
Sep 21, 2022

How many backup generators are there in the US? ›

Backup generation is widely deployed across the United States. Carnegie Mellon's Electricity Industry Center reports that there are about 12 million backup generators in the United States with over 200 GW of generating capacity (growing at ~5 GW per year)1.

Should I sell my Generac stock? ›

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Generac in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GNRC shares.

Should I buy stock in Generac? ›

Is Generac Holdings Stock a good buy in 2023, according to Wall Street analysts? The consensus among 22 Wall Street analysts covering (NYSE: GNRC) stock is to Buy GNRC stock.

Who is competition for Generac generators? ›

Generac Power Systems competitors include Kohler, Terex, Cummins Inc., MTD Products and Briggs & Stratton Corporation. Generac Power Systems ranks 3rd in Customer Net Promoter Score on Comparably vs its competitors.

Are Generac generators made in China? ›

Generac G-FORCE® and OHVI engines are designed and manufactured by Generac Power Systems Inc. at our facilities in Wisconsin.

What states ban generators? ›

The California generator ban goes into effect in 2028 and will directly impact many RVers, especially those who utilize gas-powered portable generators. However, the ban only limits the sale of these small engines and not their use.

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