These companies are focusing on expansion initiatives to boost business footprint
Authors:
Ankit Gupta, Shubham Chaudhary
Frequently Asked Questions (FAQ) :
The market size of portable generators surpassed USD 11.6 billion in 2023 and is primed to grow at 4.3% CAGR during 2024 to 2032, driven by the swift developments in the construction sector globally.
The construction segment held more than 40% of the portable generators industry share in 2022, owing to massive investments in infrastructure development.
Asia pacific industry size is anticipated to witness 4% growth during 2023 to 2032, owing to the surging investments in smart city development projects.
Promising enterprises in the portable generators business scenario include Kirloskar, Briggs & Stratton, Kohler, Caterpillar, Atlas Copco, HIMOINSA, YANMAR, Allmand Bros., and Snapper.