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Single Phase Portable Generators Market was valued at USD 6.4 billion in 2023 and is expected to grow at over 4.1% CAGR from 2024 to 2032. Increasing infrastructural investments & ongoing construction boom is emerging as one of the catalysts for business growth. Moreover, the massive growth in the telecommunications sector is accompanied by a comparable growth in the gensets market
Surging severity & frequency of weather-related disasters causing prolonged blackouts will positively sway the industry growth. The market is poised for expansion due to a heightened awareness of increased risks and the continued implementation of preparedness measures to address natural calamities. In addition, growing regulatory emphasis toward machine-to-machine communications and Internet of Things (IoT) will entail the expansive use of power generation equipment.
Report Attribute | Details |
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Base Year: | 2023 |
Single Phase Portable Generators Market Size in 2023: | USD 6.4 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.1% |
2032 Value Projection: | USD 9.1 Billion |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 550 |
Tables, Charts & Figures: | 1,537 |
Segments covered: | Product, Fuel & Power Rating, End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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