Wednesday, 21 December 2022 14:35

Portable Generator Market size worth USD 5.87 Billion by 2026

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The global portable generator market size is expected to reach USD 5.87 billion by 2026 from USD 3.88 billion in 2021, at a CAGR of 5.4%. The need for backup power during power outages is one of the key factors driving the growth of the portable generator market. Increasing adoption of dual fuel and variable frequency generators offers lucrative opportunities for manufacturers. The portable generator market size was valued at USD 1.33 billion in 2018 and Asia Pacific is expected to dominate the portable generator market share over the forecast period. Poor energy infrastructure in most African countries is creating multiple growth opportunities for the market in the Middle East and Africa region. Emerging economies occupy an important position in emerging economies, and their energy demand continues to grow.

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