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Residential Solar Generator Market Trends

Report ID: GMI10446
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta , Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Residential solar generator industry size was worth USD 413.6 million in 2023 and will expand at 11.3% CAGR between 2024 and 2032, owing to increasing awareness of environmental issues and the need for sustainable energy sources.

Residential solar generator industry from the ? 1,000 W segment will reach over USD 200 million by 2032, fueled by its affordability and suitability for small to medium-sized households.

APAC residential solar generator industry will surpass USD 300 million by 2032 due to rapidly growing population, increasing energy demands, and significant government initiatives for promoting renewable energy.

Key players operating in the residential solar generator industry are 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, and Renogy among others.