Portable Inverter Generator Market Is Expected To Accelerate At A Whopping 9.7% CAGR, Reaching US$ 7.7 Billion By 2032

The portable inverter generator market reached a valuation of US$ 2.78 Billion in 2021, and is likely to register a Y-o-Y growth rate of 8.0% in 2022, closing at US$ 3.05 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 9.7% CAGR, reaching US$ 7.7 Billion.

Portable generators are designed to provide alternating current (AC-based) for non-hardwired and standalone applications. Increasing business downtime across the globe, owing to rise in weather-related power outages, has resulted in an increasing demand for uninterrupted power supply. This is a major factor in driving product demand.

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Portable Inverter Generator Market- Competitive Landscape

Prominent players in the Portable Inverter Generator Industry are taking advantage of the rapidly increasing demand for the Portable Inverter Generator in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

• In January 2022, Honda announced planned to begin sales of its new EU32i portable generator equipped with a newly designed dedicated engine (with a maximum output of 3.2kVA). The company also revealed that sales would begin in the European region in March 2022, followed by the expansion of sales to other regions globally.

• In June 2021, Generac Holdings Inc. announced that the company had acquired Deep Sea Electronics Limited, an advanced controls designer and manufacturer. Deep Sea Electronics provides a diverse suite of controller products that provide flexible solutions for multiple applications, including generators, automatic transfer switches, battery charging, and off-highway vehicles.

• In March 2021, Generac Power Systems announced their complete redesign of Powermate portable generators. The new line-up consists of ten modules of portable generators to meet nearly all the demand, and make life easier for homeowners.

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Key Companies Profiled

• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Lifan Industry (Group) Co. Ltd.
• Toshiba Corporation
• Yamaha Motor Co. Ltd.

Key Segments Covered in the Portable Inverter Generator Industry Survey

• By Fuel Type :

o Gasoline
o Diesel

• By Power :

o Under 1,000 Watt
o 1,000-2,000 Watt
o 2,000-3,000 Watt
o 3,000-4,000 Watt
o Above 4,000 Watt

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

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Questionnaire answered in the Portable Inverter Generator Market report include:

• How the market for Portable Inverter Generator has grown?
• What is the present and future outlook of the global Portable Inverter Generator on the basis of region?
• What are the challenges and opportunities for the Portable Inverter Generator?
• Why the consumption of Portable Inverter Generator highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Portable Inverter Generator market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Portable Inverter Generator market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Portable Inverter Generator market and assists to create strategies to overcome the obstacles that may hinder the growth of the Portable Inverter Generator market.

• Leverage: The Portable Inverter Generator market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Portable Inverter Generator market.

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