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Portable Inverter Generator Market Size
The global portable inverter generator market size was valued at USD 4.9 billion in 2024 and is estimated to grow at a CAGR of 5% from 2025 to 2034. The industry is poised for growth owing to their key benefits including affordability and versatile functionality, make them an ideal for diverse user needs. These generators have evolved from supplementary power sources to essential tools for various applications. Their widespread use across households, light commercial settings, construction sites, and recreational activities is set to boost the business potential significantly.
A portable inverter generator is a compact, lightweight power source designed for versatility and efficiency. Unlike traditional generators, which provide raw, unstable power, inverter generators use advanced technology to produce clean and stable electricity making them safe for sensitive electronics. These generators are highly portable, offering a quieter and more fuel-efficient operation owing to their variable speed control, which adjusts engine output based on the power demand.
What is the growth rate of the portable inverter generator industry in the construction segment?
The construction segment is anticipated to grow at a CAGR of over 5% through 2034, supported by their reliable energy supply for essential tools and equipment.
How big is the portable inverter generator market?
The market size of portable inverter generator reached USD 4.9 billion in 2024 and is estimated to grow at a 5% CAGR from 2025 to 2034, driven by their affordability and versatile functionality.
Who are the major players in the portable inverter generator industry?
The key players in the industry include A-iPower, Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Deere & Company, DuroMax Power Equipment, Generac Power Systems, Himoinsa, Honda Motor, Kirloskar, Kohler and Yamaha Motor.
How much is the U.S. portable inverter generator market worth?
The U.S. market is projected to surpass USD 2.5 billion by 2034, led by the increasing frequency of extreme weather events and advancements in technology.