The global portable generator market will reach $2.5 billion by 2024

The global portable generator market is expected to grow from $2 billion in 2019 to $2.
5 billion by 2024, growing at a CAGR of 4.
1%
during the forecast period.

The market is set to see further growth
due to the increase in weather-related power outages and increasing demand for uninterrupted and reliable power supplies in both developed and developing countries.

From the end-user perspective, the residential segment will be the largest portable generator application market
.
Portable generators are mainly used as emergency power supplies in the event of weather-related power
outages.
Portable generators are used to run essential appliances such as lamps, refrigerators, and fans
.
In addition to basic appliances, portable generators are used for family entertainment activities
such as camping and picnics.
Ease of start-up and portability are the major factors
driving the portable generator industry for residential end-users.

In terms of fuel type, gasoline-fueled portable generators are expected to dominate the portable generator industry during the
forecast period.
Gasoline fuel is more compatible with small-capacity engines, which is the main reason for
the larger market share of gasoline-powered generators.
In addition to compatibility, fuel availability and clean operation are also major factors
in the development of gasoline portable generators.

In terms of application, the emergency sector is expected to account for the largest share
of the portable generator industry during the forecast period.
Weather-related power outages and aging power generation and distribution networks will drive the development of
emergency portable generator sets during the forecast period.

In terms of rated voltage level, the 5-10 kW market is expected to dominate the portable generator industry
over the entire forecast period.
The 5-10 kW portable generator market is growing due to its high usage rate in construction-related activities in the Asia-Pacific region
.
Similarly, in North America, 5-10 kW portable generators are mostly preferred as backup power
in the face of frequent power outages in regions such as Puerto Rico and Mexico.

From the perspective of the regional market, North America will dominate the global portable generator market
during the forecast period.
Weather-related power outages due to natural disasters, such as hurricanes and heat waves, are on the rise, which is disrupting the power
supply to millions of residential and commercial customers.
Due to these unfortunate events, the demand for portable generators in the North American market is increasing
.