Portable Generator Market Share

  • Report ID: 3236
  • Published Date: Jun 05, 2023
  • Report Format: PDF, PPT

Portable Generator Market Share

APAC Market Statistics

Asia Pacific in portable generator market is expected to account for around 32% revenue share by 2036. The market expansion in the region is expected on account of the 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 to this, 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 Analysis

North American portable generator market is likely to showcase over 5.3% growth rate through 2036 and will hold the second position owing to the 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. Hence, this factor is estimated to impact the overall growth of the Portable generator industry in Canada. According to a report in 2023, the energy consumption in Canada increased to 8585 petajoules from 2022 tp 2021.

Research Nester
Portable Generator Market Size
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Author Credits:  Dhruv Bhatia

  • Report ID: 3236
  • Published Date: Jun 05, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the portable generator market was over USD 6 billion.

The market size of the portable generator market is projected to cross USD 12 billion by the end of 2036 expanding at a CAGR of 5.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Generac Power Systems, American Honda Motor Corp., Caterpillar Inc., Cummins Inc., Ingersoll Rand, John Deere, HiPower Systems, Kohler–SDMO, Wacker Neuson, and others.

In terms of fuel, the gasoline segment is anticipated to garner the largest market share of 42% by 2036 and display significant growth opportunities during 2024-2036.

The market in the Asia Pacific region is projected to hold the largest market share of 32% by the end of 2036 and provide more business opportunities in the future.
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