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Portable Inverter Generators Market Size By Power Rating (1 kVA, 1 kVA – 2 kVA, > 2 kVA – 3 kVA, > 3 kVA – 4 kVA, > 4 kVA), By Power Source (Diesel, Gasoline), By Application (Residential, Outdoor Sports, Construction), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5197
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Portable Inverter Generators Market size valued at over USD 1.9 billion in 2021 and is expected to grow at a CAGR of around 7.1% from 2022 to 2028. Global industry annual installation is projected to cross 3.7 million units by 2028.
 

Portable Inverter Generators Market Overview

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Stringent government compliances coupled with shifting consumer preferences toward inadequate power supply & chronic outages will favor the market growth. The surging dependency on power equipment to sustain day-to-day operations across a multitude of consumers will stimulate the technological deployment. Moreover, the product offers key advantages including lower noise level, insulation materials, and special quality mufflers, stimulating the industry potential.
 

The burgeoning residential & commercial sector will augment the gasoline portable inverter generator market expansion

Portable Inverter Generators Market Share

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The gasoline segment is estimated to witness 7.1% growth rate through 2028. Gasoline is the primary choice for fuel inverter gensets due to its reasonable cost and easy portability. However, natural gas is the preferred fuel for residential applications with propane as the second choice. It is preferred in air-cooled backup generators attributed to its unlimited availability. Inverter generators are quiet and easy to operate owing to their user-friendly control panel, influencing the product adoption.
 

Diesel is less volatile and more stable as opposed to gasoline with easy maintenance and availability. It is an efficient & cost-effective alternative fuel for generators as it can be easily supplied in remote areas and desired locations. The lack of ignition system in diesel-based portable gensets ensures low maintenance cost and low ignition risks along with longer shelf life. The diesel generators can function in different environmental conditions with an ability to handle large power loads and longer duration operations.
 

Compact size and operational suitability to propel the 1 kVA to 2 kVA segment growth

The 1 kVA to 2 kVA portable inverter generators market exceeded USD 915 million in 2021. The growing consumer focus on units with smaller surface footprint and easier portability will sustain the dominance of these generators. The ability of these systems to adequately cater to consumer power requirements, predominantly across residential establishments, will favor their incursion in the industry. Light weight, operational suitability, and compactness are the key features encouraging the use of these units.
 

The paradigm shift toward lower price index and multi-use capacity will drive the market progression of diesel portable inverter generators. These units have experienced a significant transition from merely being an additional power source to a necessity across a wide multitude of applications. These systems cater to a wide-ranging uses from households to light-duty commercial applications, construction sites, and recreational activities, driving the product acceptance.
 

The flourishing residential sector will boost the industry trends of portable inverter generators

The residential application in the portable inverter generators market is anticipated to reach USD 1.7 billion by 2028. Increasing applicability across residential, construction, outdoor sports, and recreational activities including camping, tailgate parties & family gatherings will energize the industry expansion. These systems are utilized across occasional situations during longer power cuts and are intended to power a few basic appliances. The wide scale utilization across construction sites for offering reliable power to various tools including air circulation fans, battery chargers, small compressors, electric vibrators, circular saws, concrete drills, and multiple hands will favor the business scenario.
 

Portable inverter gensets are imperative in the construction sector to ensure continuous operations even during power interruptions, further avoiding cost overruns and delayed schedules. These units are deployed to aid jobsite equipment, power communication systems, and provide lighting in the sites for uninterrupted operations. Robust construction activities driven by an elevated infrastructure spending have triggered the demand for portable inverter generators.
 

The global economy has been hit hard by an unforeseen outbreak of COVID- 19. The development & construction activities were operational followed by no prohibitions by governments. However, the world witnesses a decline in the execution of projects, primarily across outdoor activities and the commercial sector. In addition, the increasing work-from-home concept and surging healthcare infrastructure development will impel the portable inverter generators demand.
 

North America region will dominate the overall market revenue

Portable Inverter Generators Market Size

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North America portable inverter generators market held 35% of revenue share in 2021 led by the inadequate power supply along with accelerated demand for continuous & reliable power supply. Increasing intensity and frequency of weather-related disasters resulting in prolonged outages will boost the product usage. Aging grid infrastructure coupled with deteriorating grid resiliency will foster the business outlook. Moreover, rising investments toward backup power solutions coupled with the growing consumer awareness will further complement the industry progression.
 

Europe market is poised to attain a CAGR of 5.1% till 2028 owing to the increasing commercial and construction activities. The environmental and emission compliances including the proposed introduction of the EU Stage V limits will further play an influential role in the industry landscape. This has resulted in an accelerated shift toward cleaner power sources including gas & dual fuel configurations. The surging demand from infrastructure expansion, real estate development, and rapid industrialization will propel the industry demand.
 

Product innovations & developments will act as a key point for market participants

The companies operational in the market include Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler, Generac Power Systems, Yamaha Motor Co., Honda Motor Co., Caterpillar, Atlas Copco, Honeywell International, Wacker Neuson SE, Deere & Company, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, A-iPower, Mitsubishi Heavy Industries, and HIMOINSA. The major players are leading toward digital advancements while forming mergers and acquisitions to meet the industry competition.
 

The portable inverter generators market research report includes an in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2018 to 2028, for the following segments:

Market, By Power Rating

  • 1 kVA
  • 1 kVA – 2 kVA
  • > 2 kVA – 3 kVA
  • > 3 kVA – 4 kVA
  • > 4 kVA

 Market, By Power Source

  • Diesel
  • Gasoline
  • Others

Market, By Application

  • Residential
  • Outdoor Sports
  • Construction
  • Others

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • UK
    • Germany
    • France
    • Spain
    • Austria
    • Italy
  • Asia Pacific
    • Australia
    • Japan
    • China
    • India
    • Indonesia
    • Thailand
    • Philippines
    • Malaysia
    • Singapore
    • Vietnam
    • South Korea
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Turkey
    • Iran
    • Oman
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • South Africa
    • Angola
    • Kenya
    • Mozambique
  • Latin America
    • Mexico
    • Chile
    • Argentina
    • Brazil

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market size of portable inverter generators was valued at more than $1.9 billion in 2021 and is projected to showcase 7.1% CAGR over 2022-2028.

Gasoline is expected to record around 7.1% CAGR in the global through 2028 as the fuel is cost effective and can be easily transported across places.

The residential applications is predicted to reach $1.7 billion 2028 as portable inverter generators are being extensively used across construction sites, households, outdoor sports centers, and recreational parks.

North America held nearly 35% of revenue share in 2021 due to the rising power outages caused by weather-related calamities and the growing demand for a consistent and reliable power supply.

Leading companies, such as Kirloskar Oil Engines Limited, Cummins, Kohler, Briggs & Stratton, Yamaha Motor Co., Honda Motor Co., Generac Power Systems, Atlas Copco, and Honeywell International, among several others, are positively influencing the global market forecast.

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Premium Report Details

  • Published Date: Feb 2022
  • Companies covered: 20
  • Tables & Figures: 714
  • Countries covered: 37
  • Pages: 400

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