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Increasing popularity among consumers for home backup, outdoor activities, and light-duty commercial use will stimulate the portable generators market. Ongoing shift toward generators with advanced safety features, including CO safety shutoff systems, and smart technology for remote monitoring and load management will shape the product outlook. Additionally, the focus on clean energy solutions will promote inverter generators with lower emissions and higher fuel efficiency in line with evolving regulatory standards. This growth is further spurred by frequent power outages and the need for uninterrupted power in critical applications, further expanding the industry potential.
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.
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.
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.
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.