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Diesel Fired Portable Inverter Generator Market was valued at USD 52.3 million in 2023 and is likely to grow at a CAGR of 3.8% from 2024 to 2032. Increasing awareness toward adoption of reliable power systems in line with surging popularity of outdoor activities will escalate the business potential. Continuous innovation in technological advancements coupled with modernization in inverter gensets performance and efficiency will drive the industry dynamics.
A diesel fired portable inverter generator is a compact & mobile power generation device that uses diesel fuel to produce electricity and incorporates inverter technology to provide clean, stable power output. Ongoing implementation of stringent emission codes and compliances in association with robust adoption of lower emission & eco-friendly technologies will foster industry growth. In addition, rising fluctuation of power outages activities and unreliable grid supply combined with increasing demand for temporary power backup solutions will stimulate the deployment of portable inverter generators.
Report Attribute | Details |
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Base Year: | 2023 |
Diesel Fired Portable Inverter Generator Market Size in 2023: | USD 52.3 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 3.8% |
2032 Value Projection: | USD 72.6 Million |
Historical Data for: | 2021 to 2023 |
No. of Pages: | 100 |
Tables, Charts & Figures: | 40 |
Segments covered: | Power Rating, Application & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The industry is set for a substantial surge owing to rapid adoption of cleaner and more stable power solutions. Growing impact of natural disasters including floods, wildfires, and hurricanes coupled with incorporation of advanced features comprising of connectivity with mobile apps, remote monitoring, and automatic start/stop will influence the industry penetration. Moreover, increasing construction activities primarily across emerging economies in conjunction with surging requirement for uninterrupted power supply will boost the demand of portable generators.
The 1 kVA - 2 kVA rated diesel fired portable inverter generator industry size will account for over USD 30 million by 2032. These rating units are set for significant growth on account of stringent noise regulations and environmental concern. Ongoing incorporation of easy-start mechanisms, ergonomic designs, and digital displays coupled with their ability to provide effective power supply will propel the industry outlook. Additionally, these gensets offer lightweight and compact design ideal for various range of applications comprising of recreational activities, remote work sites, off grid areas & small business operations will proliferate the product adoption.
The residential diesel fired portable inverter generator market size will observe growth of over 3.5% through 2032. Growing urbanization growth and frequent power surges owing to severe weather events and grid instability along with rising population growth will foster industry growth. The homeowners are increasingly opting for these gensets owing to their longer run times compared to gasoline alternatives. Increasing disposable incomes allow homeowners to invest in high-quality power solutions, further encouraging the business potential worldwide.
The North America diesel fired portable inverter generator market is set to exceed USD 25 million by 2032, driven by rising extreme weather conditions and increasing demand for reliable power solutions. Surging off-grid living, RV travel, and outdoor recreational activities in the region has fueled the demand for these units. Furthermore, the proliferation of smart home systems and sensitive electronic devices coupled with ongoing awareness among consumers about the importance of having a reliable backup power source will drive the industry dynamics.
U.S. diesel fired portable inverter generator industry is observing significant growth on account of rising awareness of emergency preparedness and focus on environmental compliance. Paradigm swift and expansion of residential establishment coupled with the integration of advanced features including digital displays and easy-start mechanisms will boost product adoption. Moreover, there is growing demand for portable units in commercial and industrial applications comprising of construction sites, event venues, and remote job sites, which in turn will positively impact business growth.
Generac Power Systems designs & manufactures a wide range of power generation equipment and other engine-powered products serving the residential, light commercial, and industrial markets. The company offers a variety of portable, standby and mobile generators. It also designs engines portfolio for light towers and industrial mobile heaters, used in oil & gas, construction, and other industrial markets including a broad product line of outdoor power equipment for residential & commercial applications.
The key industry players include:
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Market, By Power Rating
Market, By Application
The above information has been provided for the following regions and countries: