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Gasoline Powered Portable Inverter Generator Market Size

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

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Gasoline Powered Portable Inverter Generator Market Size

Gasoline Powered Portable Inverter Generator Market size was valued at USD 4.5 billion and is set to grow at a CAGR of 4.9% from 2024 to 2032. Growing awareness for reliable backup power systems combined with increasing popularity of outdoor activities will stimulate the industry potential. Ongoing technological advancements in inverter generators along with upgradation in efficiency and performance will bolster the business dynamics.

Gasoline Powered Portable Inverter Generator Market

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For instance, in April 2024, the U.S. Department of Housing and Urban Development, in collaboration with the U.S. Census Bureau, reported that the seasonally adjusted annual rate of building permits issued for privately-owned housing units in March reached an impressive 1,458,000.

Gasoline Powered Portable Inverter Generator Market Report Attributes
Report Attribute	Details
Base Year:	2023
Gasoline Powered Portable Inverter Generator Market Size in 2023:	USD 4.5 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	4.9%
2032 Value Projection:	USD 7 Billion
Historical Data for:	2021-2023
No. of Pages:	110
Tables, Charts & Figures:	41
Segments covered:	Power Rating, End Use & Region
Growth Drivers:	Growing consumer interest toward recreational activities Increasing intensity & frequency of weather-related outages Growing demand for uninterrupted power supply
Pitfalls & Challenges:	Increasing manufacturing costs

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A gasoline-powered portable inverter generator is a type of generator that runs on gasoline and utilizes inverter technology to provide a stable and clean power output. Implementation of strict emission standards and compliances in conjunction with rapid adoption of eco-friendly and noise reduction technologies will influence the industry growth. Moreover, increasing frequency of power outages event and unreliable power grid supply coupled with rising need for temporary power solutions will drive the deployment of portable inverter generators.

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

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