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Portable Inverter Generators Market Size
- Report ID: GMI5197
- Published Date: May 2023
- Report Format: PDF
Portable Inverter Generators Market Size
Portable Inverter Generators Market size was valued at USD 4.6 billion in 2023 and is estimated to witness 4.9% CAGR from 2024 to 2032. A portable inverter generator automatically adjusts engine speed to the current electrical demand, instead of running at a constant speed no matter the load size. These systems also include CO safety shutoff ensuring reliability & security. These units work on the principle wherein an alternating current (AC) produced varies in frequency with fluctuating engine speed.
The portable generators market is set to grow substantially during the forecast period, on account of affordable price range and versatile functionality, making them suitable for a variety of user needs. These products have transitioned from being simply supplementary power sources to essential requirements across a wide range of applications. Wide scale utilization of these units across households, light-duty commercial applications, construction sites, and recreational activities will accelerate the portable inverter generators market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Portable Inverter Generators Market Size in 2023: | USD 4.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.9% |
| 2032 Value Projection: | USD 7.1 Billion |
| Historical Data for: | 2019 to 2032 |
| No. of Pages: | 400 |
| Tables, Charts & Figures: | 1,025 |
| Segments covered: | Power Rating, Power Source, Application |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Portable Inverter Generators Market Scope
