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Solar Generator Market Trends

Report ID: GMI8675
Published Date: Mar 2024
Report Format: PDF

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Solar Generator Market Trends

The energy efficiency & conservation practices among urban and suburban con‘sumers are anticipated to drive the adoption of solar generators. The rising fuel prices and the lack of availability of alternative fuel will fuel the product penetration. Moreover, the competitiveness of solar energy in residential applications will incentivize investors to seek a stable political framework for the storage, generation, and self-consumption of solar energy, thereby accelerating the industry's potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of solar generator reached USD 570.1 million in 2023 and is set to witness 11.5% CAGR through 2032, owing to the increasing consumer awareness toward environment issues coupled with surging demand for renewable energy sources.

The residential solar generator segment will grow at over 11% CAGR till 2032, attributed to the integration of these systems with smart technology and mobile apps, that has made them user-friendly and convenient option for the residential consumers.

North America market will surpass USD 550 million by 2032, backed by the favorable government incentives, along with the tax credits & rebates toward the adoption of renewable energy technologies.

EcoFlow, Goal Zero, GROWATT, HomeGrid, Humless, Inergy, Jackery, Lion Energy, Maxoak Corporation, Powerenz, PowerOak, Renogy, ACOPOWER, Anern, and Anker.