Low-Capacity Portable Generator Market Analysis US - Size and Forecast 2024-2028

US Low-Capacity Portable Generator Market Size 2024-2028

The US low-capacity portable generator market size is forecast to increase by USD 36.3 billion at a CAGR of 9.54% between 2023 and 2028.

• The low-capacity portable generator market is witnessing significant growth due to the rising instances of power grid failure and power outages, which necessitate the use of backup power sources. Another trend driving market growth is the increasing adoption of dual-fuel systems in low-capacity portable generators, which offer the benefits of both gasoline and propane fuels. Additionally, emerging alternatives to low-capacity portable generators, such as solar panels and fuel cells, are gaining popularity due to their eco-friendly and cost-effective nature. These factors are expected to fuel market growth in the coming years.

What will be the size of the US Low-Capacity Portable Generator Market during the forecast period?

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• The low-capacity portable generator market is witnessing significant growth due to the increasing demand for backup power solutions during power outages caused by various weather conditions, including heavy rain, heat waves, storms, hurricanes, and fog. These generators are essential for providing power during emergencies and are widely used for backup power supplies in residential, commercial, and industrial applications. Portable generators come in various sizes and types, including inverter systems, which offer better fuel economy and reduced greenhouse gas emissions. Lightweight models with smart connectivity and remote monitoring capabilities are gaining popularity due to their ease of use and advanced control capabilities.

• Fuel efficiency is a critical factor in the portable generator market, with consumers preferring models that run on cleaner fuels such as natural gas or propane. The market is also witnessing an increasing trend towards the use of portable generators for non-emergency applications, such as camping, tailgating, and powering RVs. Medical devices, electricity transmission, and power infrastructure are other sectors that rely on backup power solutions to ensure uninterrupted power supply. Coal, gas, and nuclear power are the primary sources of power generation, but portable generators offer a more convenient and cost-effective alternative for backup power needs.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Conventional generator
  • Inverter generator
• Type
  • Gasoline
  • Gas
  • Diesel
• End-user
  • Residential
  • Commercial
• Geography
  • US

By Product Insights

• The conventional generator segment is estimated to witness significant growth during the forecast period.

Portable generators serve as essential backup power solutions for various applications, including off-grid activities, outdoor events, recreational vehicles, and even medical devices. These lightweight models offer the convenience of portable power with advanced features such as inverter systems for clean power, fuel economy, and noise reduction. Fuel efficiency and budget-conscious considerations have led to the increasing popularity of dual fuel capability and propane compatibility. Moreover, smart connectivity, remote monitoring, and control capabilities enhance user experience and ensure optimal performance. Fuel type options include gasoline, diesel, and propane generators, catering to diverse power output requirements. Renewable energy sources are also gaining traction as an alternative power source for portable generators.

Weather conditions, such as heavy rain, heat waves, storms, hurricanes, and fog, necessitate the need for reliable backup power. Portable generators provide essential power during these situations, ensuring electricity demand is met. Tailgating, RVs, camping, and industrial automation are some industries that significantly benefit from portable generators. Fuel economy and greenhouse gas emissions are crucial factors in the selection process for these applications.

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The conventional generator segment was valued at USD 25.70 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Low-Capacity Portable Generator Market?

Rising instances of power grid failure and power outages is the key driver of the market.

• The increasing reliance on electricity for various applications, coupled with the unreliability of the power grid, has led to a rise in demand for low-capacity portable generators in the US. These generators provide backup power during power outages caused by weather conditions such as heavy rain, heat waves, storms, hurricanes, and fog. They are essential for outdoor activities like camping, tailgating, and powering recreational vehicles (RVs). Moreover, they are indispensable for medical devices, small appliances, and industrial automation. Portable generators come in various types, including gasoline, diesel, and propane generators. Inverter systems ensure clean power output, while lightweight models offer enhanced fuel economy and reduced greenhouse gas emissions.

• Smart connectivity, remote monitoring, and control capabilities add to their convenience. Dual fuel capability and propane compatibility offer flexibility in fuel type. Noise reduction features cater to budget-conscious customers. Fuel efficiency is a critical consideration for those engaged in off-grid activities. The market for low-capacity portable generators is expected to grow due to the increasing electricity demand and the need for reliable power sources. Renewable energy sources are gaining popularity, but they cannot provide consistent power during power outages. Therefore, portable generators remain a viable solution for both residential and commercial applications. The supply chain for these generators is strong, ensuring their availability during power outages.

What are the market trends shaping the US Low-Capacity Portable Generator Market?

Increasing adoption of dual-fuel systems in low-capacity portable generators is the upcoming trend in the market.

• Low-capacity portable generators have gained significant popularity among consumers for providing backup power during power outages and supporting off-grid activities. These generators offer the convenience of portable power with various advanced features such as inverter systems, smart connectivity, remote monitoring, and control capabilities. Fuel economy and reduced greenhouse gas emissions are crucial factors influencing the market. companies are introducing lightweight models, noise reduction technologies, and dual fuel capability with propane compatibility to cater to budget-conscious customers.

• Fuel efficiency is a key consideration, with gasoline, diesel, and propane generators offering different power output and fuel type advantages. Weather conditions, such as heavy rain, heat waves, storms, hurricanes, and fog, necessitate the need for reliable backup power supplies. Portable generators are essential for outdoor events, recreational vehicles, camping, medical devices, and small appliances. The supply chain for these generators is impacted by the volatile fuel prices, leading companies to innovate with dual-fuel systems, enabling engines to operate on natural gas without significant modifications. These systems offer affordability and operational reliability, making them a popular choice for industrial automation and electricity demand applications.

What challenges does US Low-Capacity Portable Generator Market face during the growth?

Emerging alternatives to low-capacity portable generators is a key challenge affecting the market growth.

• The low-capacity portable generator market in the US is witnessing a shift towards alternative backup power solutions due to rising fuel and equipment costs, maintenance expenses, storage requirements, and emission regulations. Residential consumers are increasingly opting for battery power packs and inverter systems as more cost-effective and eco-friendly alternatives to traditional generators. These power packs, also known as portable power stations, feature a large battery coupled with an inverter and offer AC wall plug-styled outlets and USB ports for added convenience. Fuel economy and reduced greenhouse gas emissions are significant advantages of these systems.

• Additionally, they cater to the needs of budget-conscious customers, off-grid activities, outdoor events, recreational vehicles, and industrial automation. Lightweight models with smart connectivity, remote monitoring, and control capabilities, as well as noise reduction features, are gaining popularity. Dual fuel capability and propane compatibility further enhance their versatility. Fuel efficiency, clean power output, and compatibility with various fuel types, including gasoline, diesel, and propane, make these generators suitable for various applications, such as medical devices, small appliances, and electricity demand during weather conditions like heavy rain, heat waves, storms, hurricanes, and fog.

Exclusive US Low-Capacity Portable Generator Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Atlas Copco AB
• Briggs and Stratton LLC
• Caterpillar Inc.
• Champion Power Equipment Inc.
• Cummins Inc.
• Deere and Co.
• Generac Holdings Inc.
• Kohler Co.
• Mi T M Corp.
• Multiquip Inc.
• Quanta Services Inc.
• Siemens AG
• Wacker Neuson SE
• Westinghouse Electric Corp.
• Yamaha Motor Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The low-capacity portable generator market caters to the growing demand for backup power solutions for various applications, including off-grid activities, outdoor events, recreational vehicles (RVs), and emergencies. These generators come in various fuel types, such as gasoline, diesel, and propane, with inverter systems ensuring clean power and improved fuel efficiency. Lightweight models with smart connectivity, remote monitoring, and control capabilities are popular among budget-conscious customers.

Furthermore, fuel economy, and reduced greenhouse gas emissions are key considerations for consumers, leading to the increasing popularity of dual fuel capability and propane compatibility. Weather conditions, such as heavy rain, heat waves, storms, hurricanes, and fog, necessitate the use of portable generators for backup power supplies. The market is expected to grow due to the increasing electricity demand in industrial automation and the need for powering small appliances and medical devices. Noise reduction and fuel type are essential factors influencing the market's growth.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across US
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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