Market Size of Europe Portable Generator Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Portable Generator Market Analysis
The European portable generator market is projected to register a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has 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 European portable generator market. On the other hand, increasing demand for battery storage systems and other cleaner sources of standby power is expected to restrain the growth of the European portable generator market.
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 players in the near future. Germany accounted for the largest share of the market in 2021 due to increasing urbanization leading to power demand.
Europe Portable Generator Industry Segmentation
A portable generator is a gas or diesel-powered device that 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 European 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 region, including the United Kingdom, Germany, France, Italy, and Rest of Europe. For each segment, the market sizes and forecasts are provided in terms of value in 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 | |
United Kingdom | |
Germany | |
France | |
Italy | |
Rest of Europe |
Europe Portable Generator Market Size Summary
The European portable generator market is experiencing a resurgence, having recovered to pre-pandemic levels after the initial setbacks caused by COVID-19. The market is driven by an increasing demand for reliable power sources due to factors such as inadequate grid infrastructure and the necessity for emergency backup power solutions. The surge in urbanization and the growing need for consistent electrical supply, particularly in residential areas, are further propelling market growth. However, the rise in demand for battery storage systems and cleaner energy alternatives poses a challenge to the market's expansion. The commercial and industrial sectors in emerging economies, along with the residential sector in developed regions, are expected to offer significant opportunities for market players.
Germany is anticipated to lead the European portable generator market, supported by its expanding infrastructure projects and rising power demand. The country's focus on improving living standards and the affordability of portable generators contribute to this growth. The increasing electricity consumption, driven by sectors such as transportation and building heating, underscores the need for reliable power backup systems. The market is characterized by fragmentation, with key players like Atlas Copco, HIMOINSA, Inmesol SLA, FG Wilson, and Wacker Neuson SE actively participating. Recent developments, such as Honda's introduction of a new portable generator model, highlight the ongoing innovation and competition within the market.
Europe Portable Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Power Rating
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2.1.1 Below 5 kW
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2.1.2 5-10 kW
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2.1.3 Above 10 kW
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2.2 Fuel Type
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2.2.1 Gas
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2.2.2 Diesel
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2.2.3 Other Fuel Types
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2.3 End User
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2.3.1 Industrial
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2.3.2 Commercial
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2.3.3 Residential
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2.4 Geography
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2.4.1 United Kingdom
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2.4.2 Germany
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2.4.3 France
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2.4.4 Italy
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2.4.5 Rest of Europe
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Europe Portable Generator Market Size FAQs
What is the current Europe Portable Generator Market size?
The Europe Portable Generator Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Europe Portable Generator Market?
Atlas Copco, HIMOINSA , Inmesol S.L.A, FG Wilson and Wacker Neuson SE are the major companies operating in the Europe Portable Generator Market.