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Solar Generator Market Size

  • Report ID: GMI8675
  • Published Date: Mar 2024
  • Report Format: PDF

Solar Generator Market Size

Solar Generator Market size was valued at USD 570.1 million in 2023 and is estimated to grow at a CAGR of 11.5% between 2024 and 2032. Increasing consumer awareness toward environment issues coupled with surging demand for renewable energy sources will positively sway the business scenario. For instance, the solar power generation across the U.S. reached a mark of 145,598 GWh in 2022.


A solar generator is a device that harnesses sunlight to produce electrical power using solar panels. These generators typically consist of photovoltaic cells that convert sunlight into electricity, which is stored in batteries for later use. Ongoing technological advancements have led to more efficient and affordable solar panels and energy storage solutions, accelerating the industry potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of solar generator reached USD 570.1 million in 2023 and is set to witness 11.5% CAGR through 2032, owing to the increasing consumer awareness toward environment issues coupled with surging demand for renewable energy sources.

The residential solar generator segment will grow at over 11% CAGR till 2032, attributed to the integration of these systems with smart technology and mobile apps, that has made them user-friendly and convenient option for the residential consumers.

North America market will surpass USD 550 million by 2032, backed by the favorable government incentives, along with the tax credits & rebates toward the adoption of renewable energy technologies.

EcoFlow, Goal Zero, GROWATT, HomeGrid, Humless, Inergy, Jackery, Lion Energy, Maxoak Corporation, Powerenz, PowerOak, Renogy, ACOPOWER, Anern, and Anker.

Solar Generator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 762
  • Countries covered: 21
  • Pages: 350
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