Portable Inverter Generators Market Analysis

Portable Inverter Generators Market Analysis

The portable inverter generators market from gasoline gensets segment size will expand at 4.9% CAGR through 2032. These generators offer the advantage of operating with reduced noise levels, making them suitable for use in enclosed spaces. Additionally, the fuel used in these generators can be conveniently stored in plastic gasoline containers, eliminating the need for frequent trips to local gas stations. Small size, simpler design, and relatively lower maintenance costs will further fuel the product penetration.
 

The 1 kVA – 2 kVA rated  portable inverter generators market holds over 45% revenue share in 2022. The increasing preference of consumers for compact and easily portable generators will continue to drive the dominance of smaller power-rated gensets. These generators are well-equipped to meet the power demands of residential establishments, which further strengthens their position in the industry. The key benefits including lightweight design, and operational convenience are additional factors that contribute to the growing popularity of these units.
 

The portable inverter generators market size from construction application was reached USD 500 million in 2022. These units are versatile power sources that find applications in various settings such as shops, retail outlets, and construction sites. They provide reliable power to a wide range of tools, including air circulation fans, battery chargers, small compressors, electric concrete vibrators, circular saws, concrete drills, and various hand tools. These units are utilized to support equipment at jobsites, power communication systems, and provide lighting in order to ensure uninterrupted operations at the sites which in turn will foster the business outlook.
 

The North America portable inverter generators market is set to surpass USD 2.5 billion by 2032. Aging grid infrastructure along with the rising demand for continuous & reliable power will positively sway the business growth. The increased occurrence and severity of weather-related disasters leading to prolonged outages will further drive the adoption of these products. Growing investments in backup power solutions and increasing consumer awareness will further contribute to the positive industry outlook.