GITNUX MARKETDATA REPORT 2024
Portable Generator Industry Statistics
The portable generator industry is forecasted to experience steady growth in the coming years, driven by an increasing demand for backup power solutions in residential and commercial settings.
Statistic 1
"By 2023, the global portable generator market is projected to reach USD 2.28 billion at a 3.66% CAGR."
Statistic 2
"In 2020, the U.S. portable generator market size was valued at USD 476.6 million."
Statistic 3
"The Asia Pacific region, particularly China and India are expected to observe the fastest growth in the portable generator industry with a CAGR of 4.8%."
Statistic 4
"Generally, less than 4 kilowatts (kW) portable generators are estimated to hold approximately 50% of market share in terms of volume."
Statistic 5
"85% of the portable generator market supply is dominated by companies like Briggs & Stratton, Honda, Generac, Yamaha, and Caterpillar."
Statistic 6
"By 2027, the global commercial portable generator market size is expected to reach USD 5.2 billion."
Statistic 7
"In 2020, gasoline-fueled portable generators accounted for over 65% market share."
Statistic 8
"The residential sector of portable generators is projected to hold more than 60% of the market share by 2024."
Statistic 9
"Diesel portable generators accounted for more than 40% of worldwide sales in 2020."
Statistic 10
"By 2025, the Portable Inverter Generator market is expected to reach USD 1.5 billion."
Statistic 11
"The demand for portable generators in the construction industry is expected to grow by 3.6% CAGR till 2027."
Statistic 12
"Latin America market is expected to grow by a CAGR of 3.5% during 2021-2028."
Statistic 13
"The Middle East & Africa market for portable generators is expected to grow at a CAGR of around 2% during 2021-2026."
Statistic 14
"From 2020-2026, the propane portable generator market is predicted to register a CAGR of 4%."
Statistic 15
"In 2018, the global revenue for the portable generator market was $2.8 billion."
Statistic 16
"In 2020, Single phase Portable Generators accounted for close to 70% of the total market demand."
Statistic 17
"In 2021, North America held the second-largest share of the global portable generator market at 32.2%."
