Asia-Pacific Portable Generator Market Size (2024 - 2029)

The Asia-Pacific portable generator market is experiencing growth driven by the increasing demand for power, unreliable grid infrastructure, and the need for emergency backup solutions. Despite the challenges posed by the rising popularity of battery storage systems and cleaner power sources, the market is rebounding from the COVID-19 impact, with opportunities emerging in the commercial, industrial, and residential sectors. The region's market size is expected to expand, particularly with China leading the market.

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Market Size of Asia-Pacific Portable Generator Industry

Asia-Pacific Portable Generator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.20 %
Market Concentration Medium

Major Players

Asia-Pacific Portable Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Portable Generator Market Analysis

The Asia-Pacific portable generator market is expected to register a CAGR of more than 3.2% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.

  • Over the medium term, factors such as the ever-increasing demand for power, lack of reliable grid infrastructure, the need for emergency backup power solutions, and the demand for a steady power supply are driving the portable generator market in the Asia-Pacific region. Moreover, power outages have led to the adoption of standby power sources and portable generators, which can meet the requirements for reliable and regular electricity supply and be transported easily.
  • On the flip side, increasing demand for battery storage systems and other cleaner sources of standby power is expected to restrain the growth of the portable generators market.
  • Nevertheless, the commercial and industrial sectors of emerging economies, the residential sector of developed economies, and the increasing need for power in defense operations are expected to create significant opportunities for market participants in the Asia-Pacific region soon.
  • During the forecast period, China is expected to dominate the portable generator market in the Asia-Pacific region.

APAC Portable Generator Industry Segmentation

A portable generator is a gas or diesel-powered device which produces temporary electrical power. The engine drives a small turbine, which generates electricity up to a certain level of wattage. Electrical appliances and tools can be connected directly to the generator's sockets, or they can be professionally wired into the home's sub-panel. 

The Asia-Pacific portable generator market is segmented by power rating, fuel type, end-user, and geography. By power rating, the market is segmented into below 5 kW, 5-10 kW, and above 10 kW. By fuel type, the market is segmented into gas, diesel, and other fuel types. By end-user, the market is segmented into industrial, commercial, and residential. The report also covers the market size and forecasts for the portable generator market across major countries in the Asia-Pacific region. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

Power Rating
Below 5 kW
5-10 kW
Above 10 kW
Fuel Type
Gas
Diesel
Other Fuel Types
End-User
Industrial
Commercial
Residential
Geography
China
India
Japan
Rest of Asia-Pacific
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Asia-Pacific Portable Generator Market Size Summary

The Asia-Pacific portable generator market is poised for growth, driven by increasing power demands, unreliable grid infrastructure, and the necessity for emergency backup power solutions. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The region's susceptibility to natural disasters, such as cyclones and floods, has further propelled the adoption of portable generators, especially in densely populated countries like India, China, and the ASEAN nations. These generators are crucial for ensuring a steady power supply during emergencies and are increasingly being installed in residential areas to mitigate power instability during blackouts. However, the rising interest in battery storage systems and cleaner energy sources poses a challenge to the market's expansion.

China is expected to lead the Asia-Pacific portable generator market, fueled by its expanding infrastructure projects, growing power demand-supply gap, and the expansion of manufacturing facilities. The country's focus on improving living standards and the 'Made in China' initiative are significant contributors to the market's growth. The recent electricity shortages, particularly in regions like Guangdong, have compelled industries to rely on portable generators, further boosting market demand. The market is moderately fragmented, with key players such as Generac Holdings Inc., Caterpillar Inc., and Honda Siel Power Products Ltd. actively expanding their presence in the region. These developments indicate a robust growth trajectory for the portable generator market in the Asia-Pacific region over the forecast period.

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Asia-Pacific Portable Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast, in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Rating

      1. 2.1.1 Below 5 kW

      2. 2.1.2 5-10 kW

      3. 2.1.3 Above 10 kW

    2. 2.2 Fuel Type

      1. 2.2.1 Gas

      2. 2.2.2 Diesel

      3. 2.2.3 Other Fuel Types

    3. 2.3 End-User

      1. 2.3.1 Industrial

      2. 2.3.2 Commercial

      3. 2.3.3 Residential

    4. 2.4 Geography

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 Rest of Asia-Pacific

Asia-Pacific Portable Generator Market Size FAQs

The Asia-Pacific Portable Generator Market is projected to register a CAGR of greater than 3.20% during the forecast period (2024-2029)

Generac Holdings Inc., Caterpillar Inc., Honda Siel Power Products Ltd, Briggs & Stratton Corporation and Kohler Power Systems are the major companies operating in the Asia-Pacific Portable Generator Market.

Asia-Pacific Portable Generator Report Snapshots

Asia-Pacific Portable Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)