Residential Portable Inverter Generator Market Size – By Power Rating (< 1 kVA, 1 kVA - 2 kVA, > 2 kVA - 3 kVA, > 3 kVA - 4 kVA, > 4 kVA), By Power Source (Gasoline, Diesel), By Regional Outlook & Forecast, 2024 – 2032

Residential Portable Inverter Generator Market Size

Residential Portable Inverter Generator Market was valued at USD 2.6 billion in 2023 and is projected to grow at a CAGR of over 5.2% from 2024 to 2032. Rising awareness of the need for dependable backup power coupled with increasing popularity of outdoor activities will strengthen the business potential. Continuous technological enhancements in inverter generators in conjunction with improvements in performance and efficiency will augment the industry dynamics.
 

A residential portable inverter generator is a compact, lightweight, and mobile power source designed primarily for home use. Introduction of strict emission regulations and compliances along with rapid deployment of noise reduction and eco-friendly technologies will encourage the industry growth. Furthermore, surging power outages events and inconsistent power grid supply in line with increasing requirement for temporary backup power solutions will drive the penetration of portable inverter generators.
 

Residential Portable Inverter Generator Market Trends

The industry is poised for growth driven by the demand for cleaner and more stable power, especially for sensitive electronics. The persistent threat of natural disasters comprising of hurricanes, floods, and wildfires coupled with incorporation of smart features including mobile app connectivity, remote monitoring & automatic start/stop will further propel the deployment of these units. Additionally, continuous development and construction activities in residential establishment across key emerging economies combined with increasing emphasis on dependable power supply will escalate the demand of portable generators.

Residential Portable Inverter Generator Market Analysis

The 1 kVA - 2 kVA rated segment size will exceed USD 1.5 billion by 2032. These power ratings are set for notable growth owing to their reduced noise level and cost-effectiveness. Ongoing incorporation of ergonomic designs, digital displays, and easy-start mechanisms in conjunction with their capability to provide clean & stable power supply will entail the industry growth. Furthermore, these gensets offer lightweight design and compact size suitable for wide range of multifamily applications, thereby accelerating the product penetration.
 

The gasoline portable inverter generator market size will observe over 5% growth rate from 2024 to 2032. Rapid population growth in line with increasing power outages and rapid urbanization development will augment the business outlook. Advancements in inverter technology emphasizing fuel efficiency and noise reduction combined with stringent emission mandates toward adoption of sustainable & efficient systems will proliferate the business potential. Rising disposable incomes in tandem with burgeoning investment in premium portable power sources, which in turn will positively sway the industry prospects.
 

North America residential portable inverter generator market is set to surpass USD 1.5 billion by 2032. The region is experiencing substantial growth driven by increasing frequency of power outages due to aging infrastructure and harsh weather conditions. Ongoing advancements in portable inverter units making them more efficient, quieter, and easier to use coupled with robust development of multifamily and single family apartments will positively influence the business dynamics. Moreover, a rise in outdoor recreational activities in conjunction with heightened consumer awareness of the need for efficient and reliable systems will drive the business outlook.
 

U.S. residential portable inverter generator sector is poised for substantial growth on account of their broad availability, superior efficiency, and established consumer appeal. Continuous investing by homeowners in portable gensets units to ensure uninterrupted power during emergencies, further fueling the business growth. In addition, robust expansion and development of residential properties along with integration of smart systems comprising of digital displays & easy-start mechanisms will complement the product deployment.
 

Residential Portable Inverter Generator Market Share

Briggs & Stratton Corporation, a prominent player in the outdoor power equipment industry, specializes in manufacturing, designing, and servicing gasoline engines and generator sets. The company operates through two key segments: Engines and Products. Its diverse product lineup spans power generators, lawn & garden tools, turf care equipment, and job site products. These offerings are branded under well-known names including Briggs & Stratton, Snapper, Simplicity, Ferris, Branco, Billy Goat, Vanguard, Murray, Allmand, and Victa, underscoring the company's emphasis on quality and innovation.
 

Residential Portable Inverter Generator Market Companies

The key industry players include:

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

Residential Portable Inverter Generator Industry News

• In May 2024, Champion Power Equipment has unveiled its portable inverter generator. These generators boast heavy-duty frames and a unique dual-fuel technology, allowing them to operate on either petrol or propane gas. Noteworthy features include a brushless alternator for CO shielding, a maintenance-free motor, and enhanced efficiency.
   
• In May 2023, Generac Power Systems unveiled two new additions to its GP line series comprising of GP15500EFI and GP18000EFI. These generators are designed to offer robust whole-home backup power with a Generac HomeLink manual transfer switch. They both feature with the company’s G-FORCE 816CC EFI engine, known for its fuel efficiency, which minimizes both fuel consumption and emissions under various load conditions.
   

This residential portable inverter generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 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

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

• 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
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile