Global Market Size of Portable Generator Market – 10 Year Market Forecast

Energy & Power

Portable Generator Market Size Forecast 2022-2029

The market value of the global portable generators market is estimated to be USD 2.48 billion in 2022 and USD 3.13 billion by 2029, at a CAGR of 3%. The portable generator market’s cumulative market size value is USD 22 billion during the 2022 to 2029 forecast period. The leading market segment is the Europe region accounting for the majority of the shares of the portable generators market. The by fuel segment is categorised as gasoline (petrol), diesel, natural gas and others. Over the study period, The residential sector is expected to be the largest application segment in the portable generators market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global market database studies the ongoing trends within the market and updates the market information on a quarterly basis.
• What is the key factor driving the growth of the portable generators market?

• The key factor driving the growth of the portable generators market is the need for backup power during power outages.
• How has COVID-19 impacted the portable generator market?

• As industrial activities witnessed a slow growth due to COVID-19, the portable generators market also was adversely affected by the pandemic.
• Which factors attribute to the market growth of portable generators?

• Rising concerns over power stability during power outages and natural calamities for uninterrupted business operations is the major factor attributing to the market growth.
• What is the most extensively used application of portable generators market?

• The most extensively used application for portable generators is in the residential sector.

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