The recent hurricane that did so much damage along the northeastern coast of the United States has caused a spike in the sale of portable generators that convert fuel—gasoline, diesel, natural gas, propane, etc.—into electric power. These systems are often referred to as Gensets and two of the leading manufacturers of such systems are Cummins and Caterpillar. Today’s market size is the value of the portable generator market worldwide in 2011 and the forecasted value by 2020.

Geographic reference: World
Year: 2011 and 2020
Market size: $12 billion and $22.3 billion respectively
Source: “Research and Markets: Diesel and Gas Generator, 2012 – Global Market Size, Segmentation and Equipment Market Share to 2020,” BusinessWire, August 30, 2012, available online here.
Original source: GlobalData
Posted on November 12, 2012