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Gasoline Powered Portable Inverter Generator Market Analysis

  • Report ID: GMI10432
  • Published Date: Jul 2024
  • Report Format: PDF

Gasoline Powered Portable Inverter Generator Market Analysis

The 1 kVA - 2 kVA rated segment size will exceed USD 3 billion by 2032. These power rating is poised for sustained growth owing to their cost effectiveness and reduce noise level. Continuous integration of ergonomic designs, easy-start mechanisms, and digital displays in tandem with their ability to deliver clean energy and stable power supply will propel the industry growth. Moreover, these gensets offer compact size and lightweight design suitable for wide range of applications including recreational activities to emergency preparedness and small business operations will complement the product penetration.
 

Gasoline Powered Portable Inverter Generator Market Revenue Share,  By Application, 2023

The residential gasoline powered portable inverter generator market size will observe a growth rate of over 4.5% by 2032. Rising urbanization and frequent power outages in line with surging population growth will energize the business landscape. Increasing innovation in inverter technology including enhancement in fuel efficiency and reduce noise levels coupled with stringent emission codes toward adoption of cleaner & more efficient models will drive the product deployment. Furthermore, growing disposable incomes enable more households to invest in high-quality portable power solutions, which in turn will positively influence the business growth.
 

North America Gasoline Powered Portable Inverter Generator Market Size,  2022 - 2032 (USD Billion)

The North America gasoline powered portable inverter generator market is set to surpass USD 2 billion by 2032. The region is observing appreciable momentum on account of rising number of power outages event owing to harsh weather conditions and aging construction activities. Continuous advancements in portable units making them efficient, easier to use, and quieter along with robust development of existing residential establishment for single family and multi family will augment the industry dynamics. Furthermore, growing outdoor recreational activities combined with surging consumer awareness toward adoption of efficient and reliable systems will enhance the business outlook.
 

U.S. gasoline powered portable inverter generator industry will witness an upsurge owing to their widespread availability, high efficiency, and strong consumer familiarity. The homeowners and small businesses are investing in portable units to ensure continuous power supply during emergencies, which in turn will stimulate the industry growth. Furthermore, rapid expansion of residential properties in line with growth integration of advanced systems including easy-start mechanisms and digital displays will strengthen the product deployment.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Gasoline powered portable inverter generator industry was valued USD 4.5 billion in 2023 and will grow at 4.9% CAGR between 2024 and 2032, attributed to increasing demand for reliable power backup solutions during emergencies and outdoor activities.

The residential market will witness 4.5% CAGR through 2032, fueled by increasing power outage occurrences and the growing need for reliable backup power at homes.

North America gasoline powered portable inverter generator industry will surpass USD 2 billion by 2032, driven by robust infrastructure and the rising consumer preference for portable power solutions

Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Inc., Deere & Company, Generac Power Systems Inc., Honda India Power Products Ltd., Kirloskar, Kohler Co., WEN Products, Westinghouse Electric Corporation, and Yamaha Motor Co., Ltd. among others.

Gasoline Powered Portable Inverter Generator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 41
  • Countries covered: 35
  • Pages: 110
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