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Portable Generators Market Size
- Report ID: GMI3384
- Published Date: Jul 2024
- Report Format: PDF
Portable Generators Market Size
Portable Generators Market was valued at USD 11.6 billion in 2023 and is projected to grow at a CAGR of 4.3% between 2024 and 2032. Surging frequency of power outages coupled with aging grid infrastructure in key emerging economies will augment the industry landscape. Ongoing advancements in portable genset systems in association with increasing demand for reliable, user-friendly, and efficient units will foster the business growth.
A portable generator is mobile power unit designed to supply electricity in areas where access to the main power grid is unavailable, unreliable, or during emergencies. Surging advancements in technological systems including remote control operation, electric start, and enhanced fuel efficiency are the primary factors, thereby propelling the industry outlook. Supportive regulatory policies, incentives programs comprising of rebates and tax credits for the adoption of generators sets along with the rising demand for sustainable & efficient power units with lower emissions will accelerate the business potential.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Portable Generators Market Size in 2023: | USD 11.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.3% |
| 2032 Value Projection: | USD 16.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 60 |
| Segments covered: | Product, Fuel & Power Rating, Phase, End Use & Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Portable Generators Market Scope
