I work on a MacBook Pro, so sometimes I throw out the previews to free up space if I just finished working across hundreds of images from the same set, like from a two-week trip. Why? Because if I'm moving on from that project and culled them down to the top 50 or so, I'm storing hundreds of previews for images I won't look at again for a while. By throwing out the previews, Lightroom Classic will rebuild and store previews only for the completely different, and usually much smaller, set of images I’ll browse through over the next week, and I won't miss the deleted previews that are for the hundreds of images I'm done with for now.
Also, two more points:
If Generate Previews in Parallel is on in Lightroom Preferences > Performance, Lightroom Classic will use unused CPU cores to build them in the background.
So indirectly, having a larger monitor increases the space you commit to previews.
Yes, and the big surprise for some is how big the Standard Preview Size (Catalog Settings > File Handling) can be for a “small” display. For example, on my 13" MacBook Pro, Lightroom thinks that Standard Preview Size: Auto should be 3360 pixels across. But for my 27" desktop display, it thinks Standard Preview Size: Auto is just 2560 px. Why?
Because the MacBook Pro has a Retina (or HiDPI in Windows) display. The 13" Retina laptop display has more pixels than the conventional 27" display. So logically, but unexpectedly for many, the file size for Auto previews on the little laptop is much larger than for the big desktop display.
If you use a Retina/HiDPI display and you think Lightroom Classic previews take up too much space, you can check how your Standard Preview Size is set, and decide whether you’re OK with lowering the Standard Preview Size to save some space.