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The China - portable generator market size is estimated to grow at a CAGR of 7.04% between 2022 and 2027. The market size is forecast to increase by USD 390.85 million. The growth of the market depends on several factors, such as power shortages and grid instability, rapid urbanization and industrialization, and the availability of Bluetooth-enabled portable generators.
This report extensively covers market segmentation by power rating (below 5 kW, 5 - 10 kW, and 10 - 20 kW), type (diesel and gas), and end-user (residential, commercial, and industrial and infrastructure). It also includes an in-depth analysis of drivers, trends, and challenges.
China Portable Generator Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Power shortages and grid instability, due to factors such as extreme weather events, maintenance, or capacity constraints, lead to frequent power outages. Thus, in order to avoid disruptions to critical operations, businesses, industries, and even households often invest in portable generators to serve as backup power sources.
Moreover, some regions in China experience power shortages, and the electrical grid can be unreliable in certain areas. As a result, it fuels the demand for portable generators as a backup power source to ensure a continuous electricity supply, especially for critical infrastructure and businesses. Furthermore, portable generators are used to power construction equipment, tools, and temporary facilities, contributing to project efficiency. Hence, such factors are positively impacting the China - portable generator market growth. Therefore, it is expected to drive the growth of the China portable generator market size during the forecast period.
There is an increasing trend in China toward the adoption of green sources and more environmentally friendly portable generators. This comprises generators powered by propane, natural gas, or other alternative fuels. In addition, as environmental concerns rise, consumers and businesses are increasingly seeking generators that produce fewer emissions. Moreover, natural gas is considered a clean-burning fuel, producing fewer emissions and pollutants compared with gasoline or diesel.
As a result, this makes natural gas generators an environmentally friendly choice. The availability of propane and natural gas infrastructure can significantly influence demand. In addition, areas with well-established propane or natural gas supply networks may have a higher demand for gas-based generators due to fuel accessibility. Furthermore, the cost of propane and natural gas can be more stable and cost-effective compared with gasoline or diesel, depending on local fuel prices. This can influence demand, especially for users concerned about long-term operating costs, which in turn will drive the growth of the China portable generator market share during the forecast period.
Portable generators typically have lower power output compared when compared to standby or whole-house generators. Portable generators are unable to power all the appliances and systems in a home or business simultaneously, requiring users to prioritize essential loads. In addition, portable generators are typically designed to provide enough power for essential loads during a power outage, such as refrigeration, lighting, and some small appliances.
Moreover, this limitation can lead homeowners to consider larger, whole-house generators for more comprehensive backup power solutions. As more consumers and businesses shift towards using EVs, the demand for higher-capacity chargers at home or charging stations may grow. Furthermore, portable generators with limited power output may not be sufficient for rapid EV charging, potentially limiting their utility in this application. Thus, the limited power output of portable generators can negatively impact the China portable generator market growth. Therefore, it is expected to hinder the China portable generator market growth during the forecast period.
The below 5 kW segment is estimated to witness significant growth during the forecast period. Generators with power ratings below 5 kW continue to be in high demand as these smaller generators are versatile and can offer backup power, support outdoor activities, and serve various commercial and industrial needs. In addition, a high demand for generators with a capacity of less than 5 kW typically indicates a need for smaller, portable, and more accessible power sources.
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The below 5 kW segment segment was the largest segment and was valued at USD 266.11 million in 2017. Moreover, homeowners often require small generators to offer backup power during electrical outages. In addition, these generators can keep essential appliances and lights running during emergencies. Portable generators under 5 kW are commonly used for camping, RV trips, and other outdoor activities to power lighting, cooking equipment, and electronic devices. Farmers and agricultural workers use small generators to power equipment and machinery in remote areas of their farms. Furthermore, due to their versatility and ability to meet a wide range of power requirements, generators with power ratings below 5 kW continue to be in high demand, which is expected to fuel the growth of the China portable generator market growth during the forecast period.
Based on type, the segment is classified into diesel and gas. The frequency and intensity of extreme weather events, including hurricanes, storms, and wildfires, have led homeowners to seek backup power solutions. In addition, residential portable generators provide a reliable source of electricity during power outages caused by these events, ensuring that essential appliances and systems, including refrigeration, heating, cooling, and medical equipment, remain functional. Moreover, portable generators have become more efficient, quieter, and user-friendly due to technological advancements. As a result, this has increased their appeal to homeowners who want a convenient and reliable power backup solution. Furthermore, the combination of these factors has contributed to a growing demand for residential portable generators, as homeowners increasingly recognize the importance of backup power solutions to maintain their quality of life and security during power interruptions fuelling the China portable generator market growth growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Briggs and Stratton LLC: The company offers portable generators such as P2400 PowerSmart series inverter generator with CO guard, P4500 PowerSmart series inverter generator, and Q6500 inverter generator with CO guard.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Caterpillar Inc., Chongqing Zongshen General Power Machine Co., Ltd., Cummins Inc., Dongguan CHY Power Technology Co., Ltd., FUJIAN KENT MECHANICAL AND ELECTRICAL CO., LTD, Fujian Yukun Qiangwei Motor Co., Ltd., Generac Holdings Inc., Guangzhou Shiyang Energy Technology Co., Ltd, Honda Motor Co. Ltd., KOHLER Co., Loncin Motor Co. Ltd, Shenzhen Pordie Energy Technology Co., Ltd., Shenzhen Taico Technology Co., Ltd., Taizhou Bison Machinery Co., Ltd., Taizhou Genour Power Machinery Co., Ltd., Wuxi Ifanite Power Technology Co., Ltd., Yanmar Holdings Co. Ltd., Yichun Dawnice Manufacture and Trade Co., Ltd, and Huaming Energy CO., Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The China portable generator market analysis forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
China Portable Generator Market Scope |
|
Report Coverage |
Details |
Page number |
134 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.04% |
Market growth 2023-2027 |
USD 390.85 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.11 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Briggs and Stratton LLC, Caterpillar Inc., Chongqing Zongshen General Power Machine Co., Ltd., Cummins Inc., Dongguan CHY Power Technology Co., Ltd., FUJIAN KENT MECHANICAL AND ELECTRICAL CO., LTD, Fujian Yukun Qiangwei Motor Co., Ltd., Generac Holdings Inc., Guangzhou Shiyang Energy Technology Co., Ltd, Honda Motor Co. Ltd., KOHLER Co., Loncin Motor Co. Ltd, Shenzhen Pordie Energy Technology Co., Ltd., Shenzhen Taico Technology Co., Ltd., Taizhou Bison Machinery Co., Ltd., Taizhou Genour Power Machinery Co., Ltd., Wuxi Ifanite Power Technology Co., Ltd., Yanmar Holdings Co. Ltd., Yichun Dawnice Manufacture and Trade Co., Ltd, and Huaming Energy CO., Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Power Rating
7 Market Segmentation by Type
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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