Market Size of South America 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 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Portable Generator Market Analysis
The South American portable generator market is expected to register a CAGR of over 4% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020, with reduced power demand in industrial and commercial sectors.
- Over the long term, the South American portable generator market is expected to thrive due to various factors, such as the lack of reliable grid infrastructure, the need for emergency backup power solutions, and increasing development operations in several remote and rural areas in the region.
- On the other hand, increasing demand for battery storage systems and other cleaner sources of standby power is expected to restrain the market's growth.
- Nevertheless, the commercial and industrial sectors of emerging economies in the South American region, the residential sector of developing economies, and the increasing need for power in defense operations will create significant opportunities for market participants shortly.
- Brazil dominates the geographical segment as the country has an increased demand for reliable power.
South America Portable Generator Industry Segmentation
A portable generator provides electricity by running a fuel-powered generator that turns an onboard alternator to generate electrical power. Unlike standby generators, portable generators are not permanently installed, can be easily moved from place to place, and must be manually started.
The South America Portable Generator Market is Segmented by Power Rating (Below 5 kW, 5-10 kW, and Above 10 kW), Fuel Type (Gas, Diesel, and Other Fuel Types), End-user (Industrial, Commercial, and Residential), and Geography (Brazil, Argentina, Chile, and Rest of South America). The report offers the market size and forecasts in USD billion for all the above segments.
By Power Rating | |
Below 5 kW | |
5-10 kW | |
Above 10 kW |
By Fuel Type | |
Gas | |
Diesel | |
Other Fuel Types |
By End-user | |
Industrial | |
Commercial | |
Residential |
By Geography | |
Brazil | |
Argentina | |
Chile | |
Rest of South America |
South America Portable Generator Market Size Summary
The South American portable generator market is poised for growth, driven by the region's unreliable grid infrastructure and the increasing need for emergency backup power solutions. The market experienced a setback during the COVID-19 pandemic due to decreased power demand in industrial and commercial sectors. However, the demand for portable generators is expected to rise, particularly in remote and rural areas where development operations are expanding. Despite the growing interest in battery storage systems and cleaner standby power sources, significant opportunities remain in the commercial and industrial sectors of emerging economies, the residential sector of developing economies, and defense operations. Brazil, with its substantial demand for reliable power, leads the market geographically.
The residential segment is anticipated to expand as households increasingly install generators to ensure emergency power supply amid poor power quality and rising energy demand. Events like the power outage in Buenos Aires highlight the region's vulnerability, further boosting the market for portable generators. Brazil's reliance on hydropower, coupled with infrastructure growth and challenges like droughts, underscores the need for portable generators to bridge the power supply gap. The market is moderately fragmented, with key players such as Generac Holdings Inc., Caterpillar Inc., and Kohler Power Systems actively introducing new products to meet the evolving demands.
South America 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 Industry Attractiveness - 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 Substitute 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 By 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 By 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 By 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 By Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Chile
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2.4.4 Rest of South America
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South America Portable Generator Market Size FAQs
What is the current South America Portable Generator Market size?
The South America 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 South America Portable Generator Market?
Generac Holdings Inc, Caterpillar Inc, Kohler Power Systems, Briggs & Stratton Corporation and Atlas Copco AB are the major companies operating in the South America Portable Generator Market.