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The portable generator market size is forecast to increase by USD 2.18 billion at a CAGR of 5.79% between 2023 and 2028. The market is experiencing significant growth due to the inability of power infrastructure to keep pace with rapid urbanization and industrialization, particularly in residential settings and building sites. The emergence of hybrid generators, combining Internal Combustion Engines (ICE) with batteries, and dual fuel generators, which run on both gasoline and natural gas, are becoming increasingly popular trends. Traditional gensets are being replaced by mobile gensets and standby power systems to reduce greenhouse gas emissions and meet emission reduction targets. Renewable energy options, such as solar and energy storage technology, are also gaining traction as cost-effective alternatives to traditional power sources. The electricity bills and the need for uninterrupted power during residential activities and camping activities further fuel the demand for portable generators. The energy storage business is expected to grow in parallel with the market as the need for backup power and renewable energy integration increases. The market is expected to witness continued growth in the 5â10 kW portable generator segment due to its versatility and affordability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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