Single Phase Portable Generators Market Analysis

Single Phase Portable Generators Market Analysis

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The portable inverter generators market size will witness more than 4.8% growth rate through 2032. The growing apprehension among consumers regarding a dependable and uninterrupted power supply, coupled with the thriving construction sector, is set to have a favorable impact on the industry environment. The product provides significant advantages such as its lightweight design, compact size, quiet operation, and impressive fuel efficiency, contributing to the expansion of business opportunities.

The residential single phase portable generators segment held approximately 50% of the market share in 2023. Economic viability to cater to low power requirements primarily across wide tandem of application areas will strengthen the demand for these gensets. It is extensively utilized to meet the power needs of equipment with low power consumption.

The gasoline gensets industry is set to surpass USD 7.5 billion by 2032. It is the preferred fuel for generators due to its cost-effectiveness and convenient portability. Its widespread availability makes it a practical choice for air-cooled backup generators. These units are known for being quiet and easy to operate, thanks to their user-friendly control panels. This reduces the reliance on expert guidance, as users can easily understand and manage the operations themselves.

• The North America portable generators industry was worth over USD 2.8 billion in 2023. The inadequate power supply coupled with the elevated demand for continuous & reliable power will positively impact the portable gensets market.

   

• The increasing intensity & frequency of weather-related disasters resulting in prolonged outages in line with aging grid infrastructure and deteriorating grid resiliency will boost the product penetration. The industry landscape will be further enhanced by compliance with environmental and emission standards, coupled with the rising intensity and frequency of weather-related outages.