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Portable Gensets Market size to exceed 12mn Units by 2027

  • Published Date: July 12, 2021

Portable Gensets Market size is projected to exceed the annual installation of 12 million units by 2027, as reported in the latest study by Global Market Insights Inc.

Increased dependency on electrical appliances to conduct daily operations followed by need for consistent power supply to operate these units is set to boost the market revenue. Rising need to cater to the growing electricity demand owing to robust population growth, majorly across developing nations will further influence the industry scenario.

Easy accessibility of fuel owing to increased adoption of mega O&G exploration projects will drive the gasoline portable gensets industry outlook

Gasoline Portable Gensets market size is projected to witness over 5% CAGR from 2021 to 2027. Increasing investments towards O&G exploration and C&D projects with an aim to promote infrastructural development has resulted in easy fuel availability, thereby stimulating the product demand. Government initiatives to boost urbanization and digitalization coupled with growing involvement of end users in leisure activities including open-air theaters will stimulate the business scenario.

Shifting trend towards leisure activities on account of rising disposable income is set to result in large-scale commercialization of portable gensets

Commercial Portable Gensets market is anticipated to witness substantial growth on account of increasing customer participation in leisure activities following the increase in their purchasing power. Constant technological upgradations along with extended usage of these units across outdoor recreational applications comprising backyard parties, camping trips and RV installations will positively influence the market trends.

Increasing adoption of mega infrastructural projects along with escalating need to offer continuous power supply to off-grid construction sites will impart a driving force to the market expansion. The insurgent demand for reliable and consistent electricity supply with an aim to ensure uninterrupted functioning of onsite machines and equipment is set to propel the Portable Gensets industry landscape.

Browse key industry insights spread across 576 pages with 1197 market data tables & 38 figures & charts from the report, “Portable Generators Market Statistics By Product (Conventional Portable Generator, Inverter Portable Generator), Fuel & Power Rating (Diesel {<20 kW, 20-50 kW, >50-100 kW}, Gasoline {<2 kW, 2-5 kW, 6-8 kW, >8-15 kW}), Phase (Single Phase, Three Phase), By End-Use (Residential, Commercial, Construction), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027’’ in detail along with the table of contents:

Ongoing refurbishment & renovation activities across Europe will augment the Portable Gensets industry statistics

UK Portable generators market will witness significant growth as a consequence of increasing power demand following the expansion of residential spaces and rapid commercialization. Shifting government focus towards renovation of conventional infrastructures in line with growing deployment of energy efficient systems to mitigate the heightened energy usage is set to stimulate the market dynamics.

Nigeria accounted for over 20% of the Africa Portable Gensets market share in 2020. Rapid population growth coupled with escalated electricity prices and faulty grid network will continue to strengthen the product adoption. Leading manufacturers are fixating their focus on forming strategic partnerships, joint ventures and mergers and acquisitions to provide competitive pricing selections, thereby encouraging the market statistics.

The major key players functioning across the portable gensets market comprises of Cummins, Kirloskar Oil Engines Limited, Generac, Kohler, Honda Motor, Caterpillar, Yamaha, Atlas Copco, John Deere, Honeywell, Wacker Neuson, Champion, Westinghouse, Briggs & Stratton, Wen Products, Mitsubishi Heavy Industries, A-iPower, and HIMOINSA amongst others. The key participants are aiming at providing integrated & updated technology in order to sustain their market share.

Authors: Ankit Gupta, Asmita Semwal