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Gasoline Powered Portable Inverter Generator Market – By Power Rating (< 1 kVA, 1 kVA - 2 kVA, > 2 kVA - 3 kVA, > 3 kVA - 4 kVA, > 4 kVA), By Application (Residential, Outdoor Sports, Construction), By Regional Outlook & Forecast, 2024 – 2032
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Gasoline Powered Portable Inverter Generator Market
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Base Year: 2023
Companies covered: 16
Tables & Figures: 41
Countries covered: 35
Pages: 110
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Gasoline Powered Portable Inverter Generator Market Size
Gasoline Powered Portable Inverter Generator Market size was valued at USD 4.5 billion and is set to grow at a CAGR of 4.9% from 2024 to 2032. Growing awareness for reliable backup power systems combined with increasing popularity of outdoor activities will stimulate the industry potential. Ongoing technological advancements in inverter generators along with upgradation in efficiency and performance will bolster the business dynamics.
For instance, in April 2024, the U.S. Department of Housing and Urban Development, in collaboration with the U.S. Census Bureau, reported that the seasonally adjusted annual rate of building permits issued for privately-owned housing units in March reached an impressive 1,458,000.
A gasoline-powered portable inverter generator is a type of generator that runs on gasoline and utilizes inverter technology to provide a stable and clean power output. Implementation of strict emission standards and compliances in conjunction with rapid adoption of eco-friendly and noise reduction technologies will influence the industry growth. Moreover, increasing frequency of power outages event and unreliable power grid supply coupled with rising need for temporary power solutions will drive the deployment of portable inverter generators.
Gasoline Powered Portable Inverter Generator Market Trends
The industry will experience notable growth on account of offering cleaner and more stable power suitable for sensitive electronics. Ongoing impact of natural disasters comprising of wildfires, floods, and hurricanes in line with integration of smart features including connectivity with mobile apps, automatic start/stop, and remote monitoring will encourage the product adoption. In addition, robust construction activities primarily across developing nations in association with growing need for reliable power supply will foster the demand of portable generators.
Gasoline Powered Portable Inverter Generator Market Analysis
The 1 kVA - 2 kVA rated segment size will exceed USD 3 billion by 2032. These power rating is poised for sustained growth owing to their cost effectiveness and reduce noise level. Continuous integration of ergonomic designs, easy-start mechanisms, and digital displays in tandem with their ability to deliver clean energy and stable power supply will propel the industry growth. Moreover, these gensets offer compact size and lightweight design suitable for wide range of applications including recreational activities to emergency preparedness and small business operations will complement the product penetration.
The residential gasoline powered portable inverter generator market size will observe a growth rate of over 4.5% by 2032. Rising urbanization and frequent power outages in line with surging population growth will energize the business landscape. Increasing innovation in inverter technology including enhancement in fuel efficiency and reduce noise levels coupled with stringent emission codes toward adoption of cleaner & more efficient models will drive the product deployment. Furthermore, growing disposable incomes enable more households to invest in high-quality portable power solutions, which in turn will positively influence the business growth.
The North America gasoline powered portable inverter generator market is set to surpass USD 2 billion by 2032. The region is observing appreciable momentum on account of rising number of power outages event owing to harsh weather conditions and aging construction activities. Continuous advancements in portable units making them efficient, easier to use, and quieter along with robust development of existing residential establishment for single family and multi family will augment the industry dynamics. Furthermore, growing outdoor recreational activities combined with surging consumer awareness toward adoption of efficient and reliable systems will enhance the business outlook.
U.S. gasoline powered portable inverter generator industry will witness an upsurge owing to their widespread availability, high efficiency, and strong consumer familiarity. The homeowners and small businesses are investing in portable units to ensure continuous power supply during emergencies, which in turn will stimulate the industry growth. Furthermore, rapid expansion of residential properties in line with growth integration of advanced systems including easy-start mechanisms and digital displays will strengthen the product deployment.
Gasoline Powered Portable Inverter Generator Market Share
Briggs & Stratton Corporation is a manufacturer, designer, and service provider of gasoline engines and generator sets for outdoor power equipment. The company operations are divided into two dynamic segments: Engines and Products. Their extensive product portfolio includes pressure washers, power generators, turf care equipment, and lawn and garden tools, as well as job site products. These are marketed under an array of esteemed brand names such as Briggs & Stratton, Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco, and Victa, highlighting their commitment to quality and innovation in the outdoor power equipment industry.
Gasoline Powered Portable Inverter Generator Market Companies
The key industry players include:
Gasoline Powered Portable Inverter Generator Industry News
The gasoline powered portable inverter generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:
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Market, By Power Rating
Market, By Application
The above information has been provided for the following regions and countries: