Market Size of India Portable Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Portable Generator Market Analysis
The Indian portable generator market is expected to register a CAGR of over 4.4% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Various factors, such as favorable government regulations to reduce emissions generated from high-rated diesel-generated sets, are expected to drive the market during the forecast period.
- On the other hand, the market studied may face hurdles shortly due to the growing trend of renewable power generation, particularly in industries that have targeted reducing greenhouse gas emissions.
- Nevertheless, the increasing popularity of portable hybrid generators and the rising reliability of the hybrid system may be an opportunity for the industry. Portable generators will reduce costs and dependence on a single fuel. This, in turn, is expected to provide a significant opportunity for portable generator manufacturers in the near future.
