Generator Market Size, Share, Analysis, Regional Outlook and Forecast 2023-2030
The global generator market is projected to reach USD 34.5 billion by 2030 from an estimated USD 23.1 billion in 2023, at a CAGR of 5.9% during the forecast period. The growth of the generator market is driven by growing demand for continuous power supply and evolving new technologies such as fuel cell generators.
Increasing demand for uninterrupted and reliable power supply, rapid industrialization...
Exploring the Opportunities in the Generator Market
The generator market has been experiencing significant growth in recent years, and this trend is expected to continue in the coming decade. According to market research, the generator market size was valued at $23.1 billion in 2023 and is projected to reach $34.5 billion by 2030. This represents a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
One of the primary drivers of the generator...
Generator Sales Market Size to Hit $34.5 billion by 2030
According to a research report “Generator Sales Market by Fuel Type (Diesel, Gas, LPG, biofuels), Power Rating (Up to 50 kW, 51–280 kW, 281-500 kW, 501-2000 kW, 2001-3500 kW, Above 3500 kW), Application, End-User Industry, Design, Sales Channel Region – Global Forecast to 2030″ published by MarketsandMarkets, the global generator sales market is projected to reach USD 34.5 billion...