Powering Progress: Trends, Innovations, and Opportunities in the Global Generator Industry
The global generator industry is undergoing a transformative phase, fueled by the growing need for reliable and uninterrupted power supply across sectors. With the market valued at USD 24.11 billion in 2024 and projected to reach USD 32.98 billion by 2030 at a CAGR of 5.4%, the generator market is poised for robust growth. This surge is driven by rapid industrialization, expanding manufacturing sectors,...
With 5.4% CAGR, Diesel Generator Market to Reach $23.4 Billion by 2029
The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel generators allow...
Diesel Generator Market worth $23.4 Billion by 2029
The global Diesel Generator Market is expected to reach USD 23.4 billion by 2029 from USD 17.9 billion in 2024 at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies. The longevity and durability of diesel...
Portable Generator Market Development Opportunities Accelerate in 2027
The global portable generator market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 2.2 Billion in 2022 to USD 2.9 Billion in 2027. Electricity transmission and distribution is the backbone for the power infrastructure in the country. Transmission systems that are not properly upgraded cannot sustain additional power burden and, in some cases, can also lead...