Residential Solar Generator Market

Residential Solar Generator Market Size

The global residential solar generator market was valued at USD 465.3 million in 2024 and is expected to reach USD 1.26 billion by 2034, growing at a CAGR of 10.4% from 2025 to 2034. Growing concerns related to the environment in association with increasing demand for clean energy generation will positively sway the industry outlook.

The development of energy management systems for households, paired with the improvement in lithium-ion and solid-state batteries will enhance industry prospects. In addition, the increasing rate of power outage and grid system disruptions combined with rising focus on carbon emissions and emissions reduction policies will propel the movement toward renewable off-grid energy systems.

For instance, in 2021, Canada launched a USD 790 million Smart Renewables and Electrification Pathways Program (SREPs) to support grid modernization and clean energy adoption. The initiative funds projects involving wind, solar, hydro, storage, and other non-emitting technologies to drive a low-carbon, electrified economy across the country.

The rising adoption of smart home technologies for energy efficiency will accelerate the development of the solar generator. Furthermore, the increasing innovative efforts along with government policies directed toward renewables will improve energy efficiency and boost the system performance.

These systems aid in minimizing carbon footprints by lowering the reliance on fossil fuels and reducing electricity expenses in the long run. This makes them a popular choice among homeowners and helps them shift towards clean energy solutions. Furthermore, these systems serve energy independence and aid in attaining sustainability targets.

To illustrate, in 2024, Canada introduced draft regulations targeting a 35% reduction in oil and gas emissions from 2019 levels by 2030. The plan features a cap-and-trade framework and tax credits to incentivize emissions cuts, reinforcing the country's 2030 Emissions Reduction Plan and recent clean energy investment initiatives.

The residential solar generator industry is expected to suffer from an increase in the disruption of global supply chains and heightened production costs owing to the tariffs on components implemented by the Trump administration. The newly imposed tariffs will reduce international market competitiveness and simultaneously foster growth in the manufacturing sector within the domestic market.

Residential Solar Generator Market Trends

The positive outlook toward sustainable living combined with the expanding real estate sector will accelerate the deployment of these generator sets. The need for reliable, uninterrupted power supply coupled with the rising emphasis on energy efficiency will propel the demand for these systems owing to their supporting long-term adoption across newly built and modernized homes.

Rising concerns toward clean energy alternatives paired with surging electricity costs will stimulate the technological advancements in the market. The growing shift toward decentralized power generation along with rising focus toward sustainability will further encourage the installations of these systems and shape the business landscape.

For reference, in 2025, Canada declared an investment of more than USD 8.2 million to develop clean and alternative fuel technologies. Funded through the Energy Innovation Program and the Clean Fuel Fund, the financial aid supports solar, hydrogen, biomass, and waste-to-energy projects in various provinces, aiding Canada’s clean energy transition and innovation in low-emission fuels.

Increased awareness of climate change along with rising focus on emission will stimulate the product landscape. Growing frequency of power outages and increased emphasis on grid infrastructure will promote the adoption of efficient and robust energy alternatives. Inclination toward energy independence will further assist the shift toward cleaner power supplies.

The decline in the costs of solar panel installation and battery storage along with ongoing urbanization will accelerate the growth of the industry. Furthermore, the adoption of green building regulations will increase the incorporation of these generators into new housing complexes and foster sustainability lifestyle and reduce reliance on conventional energy sources.

For reference, in 2023, the European Investment Bank provided loans valued at USD 290 million for the development of solar power in Belgium, Sweden and Spain. The funding will enhance the deployment of both ground mounted solar and rooftop solar systems which will improve solar technology, strengthening the transition toward solar energy in Europe.

Residential Solar Generator Market Analysis

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• The residential solar generator industry was valued at USD 336.6, 413.6 & 465.3 billion in 2022, 2023 and 2024 respectively. Based on capacity, the market is segmented into ≤ 1,000 W, > 1,000 W - 2,000 W, > 2,000 W - 3,000 W and > 3,000 W. Ongoing developments in technology have enhanced the effectiveness and lowered the costs of these systems, broadening their availability to different consumers.
  
• The ≤ 1,000 W residential solar generator market will grow at a CAGR of over 10.5% till 2034. Ensured off-grid power capability for critical home appliances and dependable emergency backup capabilities are increasingly making these generators the preferred choice across the residential sector.
  
• The > 1,000 W - 2,000 W rated residential solar generators market was valued at over USD 150 million in 2024. A combination of persistent power outages and unreliable power grids will drive homeowners to adopt smaller and more dependable auxiliary power alternatives.
  
• For reference, in 2025, Europe reported that their real estate investment amounted to USD 51 billion, owing to an increase of 6% year-over-year. This increase was with the lower interest rates alongside a better underlying economic condition, although escalating global trade tensions might temper investment activity in the future.
  
• The > 2,000 W - 3,000 W rated residential solar generator market is expected to reach over USD 400 million by 2034. The adoption of these solar generators is being accelerated by the growing integration of smart energy systems as well as the demand for operating high-load appliances. These generators provide superior control, and optimal efficiency for modern houses.
  
• The > 3,000 W rated residential solar generator market will grow at a CAGR of over 10.5% till 2034. The increasing use of energy within a household, positive net metering policies, and improved battery storage technologies will further enhance energy savings while providing energy resilience, thus shifting the industry landscape.
  
• For instance, in 2024, the Biden administration” released a novel housing strategy with the goal of constructing 3.87 million additional homes by 2031. This initiative, which is backtracked by Budget 2024 investments, will help to increase the availability of affordable housing and make certain that housing is accessible and affordable for all Canadians.

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• Based on phase, the market is segmented into three and single. The single phase residential solar generator market holds a share of over 75.4% in 2024. The shifting consumption trend, such as paying less on electricity, combined with the falling prices of solar panels, will have a beneficial impact on the business environment further, driving the adoption of these solutions.
  
• For reference, in 2024, Canada has announced to invest USD 9.7 million towards upgrading Antigonish's electrical grid accompanied by alleviating the region's emissions through the transition to clean energy.
  
• The market for three phase residential solar generators is expected to grow at a CAGR of over 10% through 2034. The sector will witness strong growth on account of an increasing need for renewable resources and continuous innovation within the solar sector in tandem with favorable government policies that catalyze the utilization of clean energy systems.
  

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• The U.S. residential solar generator market was estimated at USD 149.6, 168.4 & 189.2 million in 2022, 2023 and 2024 respectively. The rising frequency of power disruptions combined with an increasing focus on energy security will drive the product deployment. Furthermore, government authorities across countries are offering tax credits and incentives to enhance investments within the industry will fuel the business environment.
  
• For instance, in 2024, the U.S. Department of the Treasure reported clean energy investments of USD 3.5 billion owing to the Low-Income Communities Bonus Credit Program. This initiative bolsters almost 2 billion kWh of solar energy generation yearly, reduces the cost of energy, promotes energy equity, and provides underserved communities with approximately USD 270 million worth of clean electricity annually.
  
• The North America residential solar generator market will witness a growth rate of over 9.5% till 2034. The rising focus on energy sufficiency and growing concerns over the cost of electricity and grid reliability will significantly impact the industry landscape. Ongoing concerns over environmental sustainability and the adoption of renewable sources of energy will further enhance product penetration.
  
• The Asia Pacific residential solar generator market is set to reach over USD 350 million by 2034. Government incentives including tax credits and rebates will further increase adoption of renewable energy technologies in the region. These financial benefits will reduce expenses for consumers and will accelerate the transition toward clean energy alternatives.
  
• To illustrate, in 2024, Australia announced the USD 80 million investment package focused on the development of renewable energy technology in the pacific. This money which is part of the REnew Pacific and APPET initiatives, will support the region's energy transition and climate change mitigation efforts.
  
• The Europe residential solar generator has a market share of over 24% in 2024. Increased environmental policies paired with stricter emission standards will fuel the shift toward more efficient and cleaner generators. Furthermore, the growing attention on energy security and the shift toward reliable power supply in different parts of the region will increase the demand for these solutions.
  
• For instance, in 2025, the UK government will get clean energy investments worth over USD 29 billion from private sector investment courtesy of Iberdrola and Orsted. Such investments will strengthen the UK's economy, energy security, and employment opportunities while also bolstering the UK's infrastructure for renewable energy and climate leadership.
  
• The Middle East & Africa residential solar generator market is poised to grow at a CAGR of over 10% till 2034. The emerging consumer interest toward self-sufficiency, alongside the shift moving toward the adoption of solar power, will boost the industry’s growth.
  
• The Latin America residential solar generator market will exceed USD 40 million by 2034. The growing shift towards remote employment along with the rising need for self-sufficient power supply units is expected to increase the demand for these generators. In addition, the ongoing emphasis on sustainable energy will further accelerate the adoption of these products.
  
• For reference, in 2024, Brazil received funding worth USD 27.4 million for establishing a solar plant in Minas Gerais, which has a capacity of 142 MW. This will increase Scatec’s total capacity in Brazil to 835 MW, marking another step in the country’s transition to renewable energy and foreign investment infrastructure expansion.
  

Residential Solar Generator Market Share

• The top 5 players, including Generac Power Systems, Jackery, GROWATT, Goal Zero and Lion Energy together hold a share of about 45% in the residential solar generator industry. Generac commands the largest market share owing to its robust network of corporate partnerships and strategic joint ventures across the global market.
  
• Generac Power Systems maintains a dominant market share of the residential solar generator market with its innovative servicing model and maintenance distribution of their energy solutions. The systems provided by Generac improve dependability of energy, reduce household energy expenditures, and foster energy self-sufficiency to enable homeowners to maximize performance.
  
• GROWATT is known for their innovative solar generators and high-efficiency inverters. They have established a strong presence in the renewable energy market by providing products for residential, commercial and industrial solar power systems.
  

Residential Solar Generator Market Companies

• In the year 2024, Generac reported a revenue of USD 4.30 billion which is an increase of 7 percent year over year, mainly caused by growth in the residential segment. The net income also rose to USD 316 million, and the adjusted EBITDA rose to USD 789 million.
  
• In 2024, Jackery recorded USD 14.9 million revenue in 2024, exemplifying growth in the portable power solutions industry. The company continues to demonstrate its flexibility in the clean energy sector through innovation by solar-powered generators alongside other battery-operated devices.
  
• GOAL ZERO has earned revenue of USD 24 million for FY 2024, remarkable in the sales of the company's portable solar energy products. The constant off-grid technology innovation and its application onto products drives growth in that market.
  

Major players operating in the residential solar generator industry are:

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

Residential Solar Generator Industry News

• In April 2025, the BLUETTI Apex 300 is a portable solar generator with 2,764.8Wh of capacity and off-grid output of 3,840W, serving as a home backup generator. Additionally, this is the first unit designed for effortless solar panel connection at the user’s discretion enabling rooftop installations and smart energy controls due to its modular expandability.
  
• In January 2024, Jackery showcased the Solar Generator Mars Bot, receiving recognition by TIME for it being one of their Best Inventions of 2023. This product includes solar panels, a Sunflower Solar Tracker, and a power bank, all of which highlight its inclusiveness.
  
• In April 2023, GROWATT introduced the Infinity 1300 solar generator, equipped with LFP batteries that have a lifecycle exceeding 3,000 cycles. Its 1,382 Wh capacity and 1,800 W output power supports rapid solar or AC charging, and 14 DC/AC ports, bi-directional inverter to dual charge with remote control through SmartGrow application adds convenience.
  
• In September 2023, Anker unveiled the SOLIX X1 Home Energy Solution during RE+ at Las Vegas. Anker’s system of up to 180 kWh capacity is complemented by X1’s modular compact design, AI energy management, and rapid charge/discharge rates, guaranteeing off-grid power availability. This addresses the enormous gap in smart and resilient home energy solution systems in the U.S.
  

The residential solar generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) and revenue (USD Million) from 2021 to 2034, 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 countries:

• 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