The portable generator market mainly comprises generators used for both domestic as well as commercial applications. Portable generators are compact, lightweight, and easy to transport. These generators are used as backup power devices during power failures and electrical outages. Portable generators find extensive usage in outdoor activities such as camping, construction sites, and during natural calamities. The growing trend of outdoor recreational activities as well as increasing power outages due to grid failures have fueled the demand for portable generators globally.
The Global portable generator market is estimated to be valued at US$ 4.82 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key players operating in the portable generator market are Atlas Copco, Champion Power Equipment, Cummins, Duromax Power Equipment, Firman Power Equipment, Generac, Honda, Kohler, Lifan Industry (Group), Mi-T-M, Multiquip, Pramac, Pulsar Products, Subaru, Yamaha.
Key Takeaways
Key players operating in the portable generator market are Atlas Copco, Champion Power Equipment, Cummins, Duromax Power Equipment, Firman Power Equipment, Generac, Honda, Kohler, Lifan Industry (Group), Mi-T-M, Multiquip, Pramac, Pulsar Products, Subaru, Yamaha. These players are focusing on new product launches and strategic collaborations to gain a competitive advantage in the market.
There is Portable Generator Market Size generators in remote areas, construction sites, mining sites, and during natural calamities where temporary and mobile power solutions are required. The increasing construction activities across both developed and developing nations are expected to drive the demand.
The portable generator market players are focusing on expanding their global footprint by strengthening their distribution channels in developing regions including Asia Pacific, Latin America, and Middle East & Africa. These regions are anticipated to witness high demand for portable generators during the forecast period.
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