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Portable Conventional Generator Market Trends

Report ID: GMI9603
Published Date: May 2024
Report Format: PDF

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Portable Conventional Generator Market Trends

The surge in product adoption by businesses will be fueled by the weather-related disasters, the rise awareness and mitigation efforts against natural calamities will further boost the portable generator market. Additionally, heightened construction sector demand along with infrastructural growth and urbanization will positively the industry outlook. The introduction of mobile electric generators, aimed at reducing environmental impact is set to fuel the business potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of portable conventional generator reached USD 6.9 billion in 2023 and will expand at a 3.8% CAGR between 2024 and 2032, owing to increasing demand for reliable power supply in remote and off-grid areas, and the rising need for backup power during natural disasters.

Construction portable conventional generator industry size will exhibit 3.5% CAGR from 2024 to 2032, attributed to the continuous expansion and need for reliable power on job sites.

North America market will exceed USD 3 billion by 2032, primarily due to frequent power outages, severe weather conditions, and high demand for backup power solutions.

Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Deere & Company, Generac Power Systems, HIMOINSA, Honda India Power Products, Kirloskar, and Kohler among others.