Generator Market 2025-2029
The generator market is forecasted to grow by USD 24368.8 million during 2024-2029, accelerating at a CAGR of 8.5% during the forecast period. The report on the generator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid industrialization and growing construction equipment, growing instances of power grid failure, and increasing incidence of natural calamities causing power outages.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's generator market is segmented as below:
By Type
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