Portable Generators Market Analysis

Portable Generators Market Analysis

Portable generators market valuation from the gasoline fuel segment to exceed USD 14 billion by 2032. Gasoline remains the most commonly used fuel in gensets since it is easily available and affordable. It supports air-cooled backup generators, which are easy to operate owing to user-friendly control panels. Moreover, gasoline generators are extensively used across residential settings as well as small industrial facilities, and construction sites due to their ability to effectively function continuously for 4-11 hours each day.
 

A dramatic rise in construction activities globally has accelerated the need for high-performance construction equipment, thus spurring the demand for gensets. For illustration, in India alone, Foreign Direct Investment (FDI) in the construction development (housing, townships, etc), and construction (infrastructure) during April 2022-December 2021 were valued at USD 26.17 billion and USD 26.30 billion respectively. India is also aiming to boost the development of infrastructure and industrial projects worth more than USD 1 trillion.
 

Asia Pacific portable generators market is set to depict more than 4% CAGR from 2023 to 2032. Moreover, with increasing urban population, and large-scale residential construction activities, the demand for single-phase portable generators has escalated substantially in APAC countries such as India and China. The North America portable generators industry is expected to cross USD billion valuation by 2032.