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Portable Generators Market Trends

Report ID: GMI3384
Published Date: Jul 2024
Report Format: PDF

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Portable Generators Market Trends

The industry is poised for prominent growth on account of increasing focus on environmental sustainability and expansion of commercial and residential establishment. Growing awareness of energy resilience and security coupled with incorporation of IoT & smart control technologies will further drive the market landscape. Furthermore, rising construction activities in emerging economies in association with growing need for temporary backup power solutions for machinery and tools will strengthen the adoption of these units.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of portable generators was reached USD 11.6 billion in 2023 and is anticipated to register 4.3% CAGR between 2024 and 2032, due to the booming construction sector and increasing frequency of weather-related disasters.

The construction segment in the portable generators market is expected to record 4% CAGR through 2032, driven by robust urbanization and development of residential establishment.

North America portable generators market is set to surpass USD 5.5 billion by 2032, owing to aging infrastructure, severe weather conditions, and heightened demand on the power grid.

Allmand Bros., Inc., Atlas Copco AB, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Inc., Deere & Company, DEWALT, DuroMax Power Equipment, and FIRMAN Power Equipment, among others.