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Residential Portable Inverter Generator Market Size
- Report ID: GMI10743
- Published Date: Aug 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Portable Inverter Generator Market Size in 2023: | USD 2.6 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 4.1 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Power Rating, Power Source & Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Residential Portable Inverter Generator Market Scope
