GITNUX MARKETDATA REPORT 2024

Generator Industry Statistics

Generator industry statistics provide insights into market size, growth trends, competitive landscape, and technological advancements within the industry.

Statistic 1

"The global generator sales market was valued at $22.3 billion in 2018."

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Statistic 2

"Market size of the generator manufacturing industry in the US has grown 1.2% in 2021."

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Statistic 3

"Diesel generator sets held over 70% share of the overall generator market size in 2020."

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Statistic 4

"In 2018, the global portable generators market was valued at approximately $2 billion."

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Statistic 5

"Asia-Pacific commanded the largest share of the global generator sales market in 2018."

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Statistic 6

"Natural gas generators are expected to grow at the highest CAGR from 2020 to 2025."

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Statistic 7

"There were 400 generator manufacturing businesses in the USA in 2021."

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Statistic 8

"The global power generator rental market valued at $2.92 billion in 2017."

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Statistic 9

"The industrial sector holds a significant share in the generator sales market."

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Statistic 10

"The gas generators segment is predicted to grow at a 5.9% CAGR from 2021 to 2028."

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Statistic 11

"The US market for portable generators is expected to display a CAGR of 6.2% from 2020 to 2025."

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Statistic 12

"Cummins Inc. held the maximum generator sets market share of over 15% in 2019."

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Statistic 13

"The global generators market size is expected to grow from $22.3 billion in 2018 to more than $29 billion by 2024."

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Statistic 14

"Diesel generators form the largest market by fuel type, accounting for over $12 billion in 2019, and are expected to remain dominant during the forecast period 2020-2025."

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Statistic 15

"The global generator circuit breakers market size is expected to reach USD 383.1 million by 2027."

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Statistic 16

"Generators with less than 30 kW power capacity dominated the global market with an 85% share in 2020."

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Statistic 17

"The global generator market for telecom industry is projected to grow at a rate of 2% during the forecast period 2020-2024."

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