Portable Generator Market Regional Analysis:
APAC Market Insights
Asia Pacific portable generator market is expected to account for around 32% revenue share by 2035. The market expansion in the region is driven by presence of natural gas such as coal, biofuels, and many more. According to a report, in 2023 APAC holds about 43% of the global coal reserves. Furthermore, a large part of the Asia Pacific region has favorable geographical conditions for the development of the portable generator sector. In addition, the Asia Pacific region has witnessed rapid industrial and economic growth in recent years, leading to increasing demands for power generation.
There is a high presence of renewable energy power stations in Japan which reduces the risk of outages. According to a report by the Energy Information Administration in 2024, renewable generation in Japan increased to 26% in 2022 from 21% in 2018. There is a high production of steel in China which makes a huge landscape for the portable generator market growth. According to a report in 2024, there has been an increase in the exports of steel products by 30% from Chinese steel companies.
North America Market Insights
North American portable generator market is likely to showcase lucrative growth rate through 2035, owing to growing demand for accessible and reliable powers in the energy & power sector, on account of the rise in population, which is shifting more towards the usage of clean energy. According to a report by the U.S. Energy Information Administration, in 2022 the usage of natural gas was about 33% of the whole energy consumption.
In the United States there have been rising government initiatives in the form of investment and campaigns to spread awareness regarding the usage of renewable energy. According to a survey conducted in 2023, it was revealed that more than 66% of U.S. adults prioritize using an alternative energy source like solar, hydrogen, and wind power. Moreover, Canada is predicted to have the presence of key players in the field of power generation and electricity demand which is further encouraging collaboration with the energy & power sector. According to a report in 2023, the energy consumption in Canada increased to 8585 petajoules from 2022 tp 2021.
