Residential Solar Generator Market Size - By Capacity (≤ 1,000 W, > 1,000 W - 2,000 W, > 2,000 W - 3,000 W, > 3,000 W), By Phase (Single, Three), By Regional Outlook & Forecast, 2024 – 2032

Residential Solar Generator Market Size

Residential Solar Generator Market size was valued at USD 413.6 million in 2023 and is estimated to grow at a rate of 11.3% from 2024 to 2032. The growing consumer awareness of environmental issues, combined with the rising demand for renewable energy sources will positively influence the business landscape. For instance, as per IEA, renewable energy capacity is set to expand at a significant rate driven by solar, wind, and hydropower projects.
 

A residential solar generator harnesses sunlight to generate electricity for homes offering a sustainable and renewable energy solution. It consists of photovoltaic panels mounted on the roof or in the yard, these systems convert sunlight into electricity through semiconductor materials. The generated electricity can be used directly to power household appliances or stored in batteries for later use. These systems contribute to reducing carbon footprints by decreasing reliance on fossil fuels and lowering electricity bills over the long term, making them a popular choice among environmentally conscious homeowners looking to embrace clean energy solutions.
 

Residential Solar Generator Market Trends

The energy efficiency and conservation practices along with flourishing real estate sector is set to drive the adoption of solar generators. Rising fuel prices and the scarcity of alternative fuels will boost the product penetration. Additionally, the competitiveness of solar energy in household applications will motivate investors to pursue a stable political framework for the storage, generation and self-consumption of solar energy, thereby accelerating the industry potential globally.
 

Residential Solar Generator Market Analysis

The ≤ 1,000 W segment will exceed over USD 200 million by 2032. The rising cost of conventional fuels and the growing awareness of environmental sustainability are encouraging consumers to invest in renewable energy sources. These small-scale solar generators are particularly appealing for their ability to provide reliable, off-grid power solutions for essential household devices and emergency backup. Ongoing technological advancements have improved the efficiency and affordability of these systems, making them more accessible to a broader range of consumers.
 

The single phase residential solar generator market size will witness growth rate of over 11% by 2032. The industry is experiencing significant growth, driven by the increasing demand for renewable energy sources, advancements in solar technology and favorable government policies promoting clean energy adoption. Furthermore, increasing consumer inclination toward reducing electricity bills coupled with declining solar panel costs will positively impact the business landscape.
 

The Asia Pacific residential solar generator market is set to surpass USD 300 million by 2032. Government incentives, tax credits, and rebates promoting the adoption of renewable energy technologies will enhance the business landscape. Growing consumer desire to decrease reliance on the grid and shifting consumer focus toward utilization of solar power will further stimulate industry dynamics. The rise in remote work and the trend towards off-grid living will boost product deployment.
 

The U.S. residential solar generator market has experienced substantial growth driven by increasing consumer awareness of renewable energy benefits, advancements in solar technology and supportive government policies and incentives. Additionally, the integration of smart technologies and battery storage solutions is enhancing the appeal and functionality of residential solar generators, positioning them as a key component in the shift towards a more sustainable and resilient energy infrastructure.
 

Residential Solar Generator Market Share

GROWATT is one of the leading global providers of solar energy solutions, renowned for its innovative and high-efficiency solar generators and inverters. The company has quickly established itself as a trusted brand in the renewable energy industry, with a comprehensive product portfolio that includes residential, commercial, and industrial solar power systems. Its solar generators are designed to optimize energy production, featuring advanced technologies such as maximum power point tracking, high conversion efficiency, and robust build quality to withstand various environmental conditions. Its commitment to research and development ensures continuous improvement and innovation, making their products reliable and user-friendly.
 

Residential Solar Generator Market Companies

The key industry players include:

• ACOPOWER
• Anern
• Anker
• Aton Solar
• Bluetti
• EcoFlow
• Generac
• Goal Zero
• GROWATT
• HomeGrid
• Humless
• Inergy
• Jackery Inc.
• Lion Energy
• Milesolar
• Nature's Generator
• OUPES
• Powerenz
• PowerOak
• Renogy
   

Generator Industry News

• In January 2024, Jackery recently unveiled the Solar Generator Mars Bot, which earned TIME's Best Inventions of 2023 award. This innovative generator integrates solar panels, a Sunflower Solar Tracker for optimal charging and an energy storage system. Its foldable design and robust construction, along with its diverse applications, highlight dedication to clean energy innovation. Additionally, its product lineup includes the solar generator for rooftop camp and a solar generator 1000 plus, emphasizes versatility and sustainability in portable energy solutions.
   
• In April 2023, GROWATT recently announced the launch of its new solar generator, the Infinity 1300, which features lithium iron phosphate (LFP) batteries boasting a lifespan of over 3000 cycles. This advanced generator offers a capacity of 1,382 Wh and an output of 1,800 W, fully chargeable via solar panels. It also supports rapid charging, capable of reaching full charge in just 1.8 hours using an AC input. The Infinity 1300 series is equipped with 14 DC and AC outlets and incorporates bi-directional inverter technology. Additionally, users can control the generator through the SmartGro app, enhancing convenience and functionality.
   

The residential solar generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Phase

• Single Phase
• Three Phase

Market, By Capacity

• ≤ 1,000 W
• > 1,000 W - 2,000 W
• > 2,000 W - 3,000 W
• > 3,000 W

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

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Italy
  • Poland
  • Netherlands
  • Austria
  • France
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Philippines
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt
  • Nigeria
  • Israel
• Latin America
  • Brazil
  • Chile
  • Mexico