Portable Generator Market Registering A CAGR Of 5.2% From 2019 To 2025 : Grand View Research Inc.
San Francisco, 3 October 2019: The Report Portable Generator Market Size, Share & Trends Analysis Report By Product (Diesel, Gaseous), By Power Range, By End Use (Commercial, Residential, Industrial), And Segment Forecasts, 2019 – 2025 The global portable generator market size is expected to reach USD 5.2 billion by 2025, registering a CAGR of 5.2% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The market has witnessed considerable growth owing to the growing need for temporary mobile Alternative Current (AC) generators to offer uninterrupted power supply during power shortage. Increase in awareness about the use of mobile backup power solutions for homes in order to cope with power cuts is expected to drive product demand in the residential segment over the forecast period. Mobile generators are operated by fuels such as diesel or gas and are available in various models such as low-end and high-end. High-end models are used to operate