Portable Generator Market Size

Portable Generator Market size was valued at USD 6 Billion in 2023 and is set to cross USD 12 Billion by the end of 2036, registering more than 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of portable generator is evaluated at USD 6.7 Billion.

The reason behind this boost is credited to the increasing power outages attributed to the extreme changes in weather conditions and cases such as natural disasters, and many more. According to a report by the National Centers for Environmental Information in 2024, the U.S. has experienced an average of about 18 billion USD in climate disasters each year, with about 18 climate disasters in 2022 causing a total of more than 175.2 billion USD in damage and resulting in 474 fatalities.