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Three Phase Portable Conventional Gensets Market Trends

Report ID: GMI9969
Published Date: Jun 2024
Report Format: PDF

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Three Phase Portable Conventional Gensets Market Trends

The growing focus on environmental sustainability combined with the development and expansion of commercial and residential establishment will energize the industry dynamics. Rising awareness of energy resilience and security in conjunction with integration of IoT systems and smart control technologies in gensets, thereby accelerating the industry landscape. Additionally, burgeoning construction activities in emerging economies coupled with growing need for temporary power solutions for machinery and tools will fuel the demand for portable generator.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of three phase portable conventional gensets was worth USD 3.2 billion in 2023 and is projected to expand at 3.9% CAGR from 2024 to 2032, led by the aging grid infrastructure in line with increasing frequency of power outages.

The gasoline fuel segment in the three phase portable conventional gensets industry is projected to exceed USD 4 billion by 2032, owing to the adoption of efficient unit systems coupled with increasing investment by the key public and private industry players in reliable portable units.

The residential end-use segment in the three phase portable conventional gensets industry is estimated to record over 3.5% CAGR between 2024 and 2032, due to the rapid development and expansion of residential properties.

Asia Pacific three phase portable conventional gensets industry is poised to record more than USD 1.5 billion by 2032, on account of rising number of power outages owing to aging infrastructure, severe weather conditions, and heightened demand on the power grid in the region.