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Residential Portable Inverter Generator Market Trends

Report ID: GMI10743
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of residential portable inverter generator was crossed USD 2.6 billion in 2023 and is projected to grow at 5.2% CAGR during 2024 to 2032, driven by the rising awareness of the need for dependable backup power.

1 kVA - 2 kVA rated residential portable inverter generator market will exceed USD 1.5 billion by 2032, owing to their reduced noise level and cost-effectiveness.

North America residential portable inverter generator market is set to surpass USD 1.5 billion by 2032, driven by increasing frequency of power outages due to aging infrastructure and harsh weather conditions.

Cummins, Inc, Kirloskar, Briggs & Stratton, Kohler Co, Generac Power Systems Inc, and Yamaha Motor Co., Ltd. among others.