PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535844
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535844
Single phase portable conventional gensets market size is set to record 3.7% CAGR during 2024-2032 driven by the increasing demand for reliable backup power solutions in residential and small commercial applications. As power outages and disruptions have grown more common due to weather events, infrastructure failures and increased energy consumption, homeowners and small businesses are seeking portable generators to ensure continuous power supply. For instance, in April 2024, BLUETTI unveiled its new portable generator that offers IP65 dust and waterproofing, output up to 2,400W, and 1,200W solar charging.
The rise in outdoor activities and recreational use will also influence the market growth. With activities, such as camping, outdoor events, and remote work becoming more popular, there is growing need for portable power sources that operate in various locations without relying on the grid. Single phase portable gensets also provide the necessary power for lighting, cooking, and other electrical needs in these settings.
The overall industry is classified into fuel & power rating, end use, and region.
Based on fuel & power rating, the single phase portable conventional gensets market size from the diesel segment is expected to generate notable revenue by 2032. This is due to the superior performance, durability, and fuel efficiency offered by diesel generators. These gensets are known for their ability to deliver reliable and consistent power, especially in demanding conditions and extended usage scenarios.
In terms of end use, the single phase portable conventional gensets industry from the commercial segment is projected to observe robust CAGR during 2024 - 2032. This is owing to the strong need for reliable, temporary power solutions across various business operations. Many commercial establishments, such as retail stores, small offices, and restaurants, are deploying backup generators to maintain operations during power outages and ensure business continuity.
Asia Pacific single phase portable conventional gensets industry size will grow substantially between 2024 and 2032 attributed to the rapid economic development and urbanization, which is increasing the demand for reliable power solutions in both emerging and developed areas. With the expansion of infrastructure projects, small businesses, and residential areas, there is a heightened need for portable generators to ensure uninterrupted power supply and support construction and maintenance activities across the region.