Portable Inverter Generators Market Size - By Power Rating (1 kVA, 1 kVA – 2 kVA, > 2 kVA – 3 kVA, > 3 kVA – 4 kVA, > 4 kVA), By Power Source (Diesel, Gasoline), By Application (Residential, Outdoor Sports, Construction) & Forecast, 2024 – 2032

Portable Inverter Generators Market Size

Portable Inverter Generators Market size was valued at USD 4.6 billion in 2023 and is estimated to witness 4.9% CAGR from 2024 to 2032.  A portable inverter generator automatically adjusts engine speed to the current electrical demand, instead of running at a constant speed no matter the load size. These systems also include CO safety shutoff ensuring reliability & security. These units work on the principle wherein an alternating current (AC) produced varies in frequency with fluctuating engine speed.
 

The portable generators market is set to grow substantially during the forecast period, on account of  affordable price range and versatile functionality, making them suitable for a variety of user needs. These products have transitioned from being simply supplementary power sources to essential requirements across a wide range of applications. Wide scale utilization of these units across households, light-duty commercial applications, construction sites, and recreational activities will accelerate the portable inverter generators market growth.  
 

COVID– 19 Impact

The COVID- 19 pandemic has impacted the market on a slight margin. The residential and construction sectors were relatively unaffected by the coronavirus. The world economy has seen an increase in the installation of portable inverter generators, particularly in residential buildings, as it aligns with the ongoing pandemic situation. However, the sports activities and commercial sectors have experienced a decline due to the closure of outdoor activities and shutdown of various premises.
 

Portable Inverter Generators Market Analysis

The portable inverter generators market from gasoline gensets segment size will expand at 4.9% CAGR through 2032. These generators offer the advantage of operating with reduced noise levels, making them suitable for use in enclosed spaces. Additionally, the fuel used in these generators can be conveniently stored in plastic gasoline containers, eliminating the need for frequent trips to local gas stations. Small size, simpler design, and relatively lower maintenance costs will further fuel the product penetration.
 

The 1 kVA – 2 kVA rated  portable inverter generators market holds over 45% revenue share in 2022. The increasing preference of consumers for compact and easily portable generators will continue to drive the dominance of smaller power-rated gensets. These generators are well-equipped to meet the power demands of residential establishments, which further strengthens their position in the industry. The key benefits including lightweight design, and operational convenience are additional factors that contribute to the growing popularity of these units.
 

The portable inverter generators market size from construction application was reached USD 500 million in 2022. These units are versatile power sources that find applications in various settings such as shops, retail outlets, and construction sites. They provide reliable power to a wide range of tools, including air circulation fans, battery chargers, small compressors, electric concrete vibrators, circular saws, concrete drills, and various hand tools. These units are utilized to support equipment at jobsites, power communication systems, and provide lighting in order to ensure uninterrupted operations at the sites which in turn will foster the business outlook.
 

The North America portable inverter generators market is set to surpass USD 2.5 billion by 2032. Aging grid infrastructure along with the rising demand for continuous & reliable power will positively sway the business growth. The increased occurrence and severity of weather-related disasters leading to prolonged outages will further drive the adoption of these products. Growing investments in backup power solutions and increasing consumer awareness will further contribute to the positive industry outlook.
 

Portable Inverter Generators Market Share

The major participants operating across the portable inverter generators market include:

• Cummins, Inc.
• Kirloskar
• WEN Products
• Briggs & Stratton
• Kohler Co.
• Yamaha Motor Co Ltd
• Generac Power Systems
• Honda Motor Co., Ltd.
• Caterpillar
• Atlas Copco
• Wacker Neuson
• Champion Power Equipment
• DuroMax Power Equipment
• Westinghouse Electric Corporation
• A-iPower
• Deere & Company
• Mitsubishi Heavy Industries
• HIMOINSA

Portable Inverter Generators Industry News

• In May 2022, Caterpillar acquired Tangent Energy, an energy solutions provider with headquarters in the U.S. The company offers smart energy solutions to provide value to customers. Tangent’s EaaS products complement the company’s electric power product portfolio, enabling better customer services for reliable, efficient, sustainable & connected power solutions that support business operations while generating new revenue streams.
   
• In January 2021, Cummins Inc. expanded its gasoline & liquid propane genset line by launching the Onan QG 2800i & 2500i to cater to the recreational vehicle market. These units produce 62.7% less noise and 60.6% less vibrations compared to other alternatives. The inverter-based units are easier to operate & maintain and are largely used by Class B vans and truck campers offering a power output of 2.8 kW and 2.5 kW, respectively.
   

This portable inverter generators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

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Market, By Power Rating

• < 1 kVA
• 1 kVA - 2 kVA
• > 2 kVA - 3 kVA
• > 3 kVA - 4 kVA
• > 4 kVA

Market, By Power Source

• Gasoline
• Diesel
• Others

Market, By Application

• Residential
• Outdoor Sports
• Construction
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
  • Singapore
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile