Portable Inverter Generators Market Business Growth and Industry Development 2022 to 2030

An engine-generator is the combination of an electrical generator and an engine mounted together to form a single piece of equipment. This combination is also called an engine-generator set or a gen-set. In various concepts the engine is taken for granted and the combined unit is simply called a generator. An engine generator maybe a fixed installation, part of a vehicle or made small enough to be portable. Many engine generators use reciprocating engines, which could be a steam engine, such as coal-powered fossil-fuel power plants use some engine- generators use a turbine as the engine. Portable inverter generators, which are also often known as engine generators and, as the name indicate, are generators driven by an engine.

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The 3-10 kW generators are on high demand in commercial applications, which include college tailgate events, concerts, live shows, and many others. In addition, major players offer several generators in this product category make it a potential market in power output segment.

North America was the largest market in portable inverter generators industry for 2015. Owing to growth in need of in-house power backup, Canada and Mexico are expected to grow with a significant growth rate. Other fuel sources including bio-diesel, propane, and other natural gas are on high demand in environment stringent countries, such as UK, Germany, France, U.S., Canada, and others.

Industrial application segment is expected to grow at the highest CAGR during the forecast period, owing to elevated industrial and development projects in the emerging economies, which include China, India, Japan, Russia, Brazil, and South Africa. In several constructions sites which lay beyond regular power supply areas and remote places, requirement of portable power generators are considered vital to power machines and electric tools.

Based on the geography, the portable inverter generators industry is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2014, accounting for around 35.5% share of the overall portable inverter generators market size. The Asia-Pacific market is projected to grow at the highest CAGR of 8.0% during the forecast period, driven by the adoption of diesel fueled portable inverter generators for commercial and industrial applications.

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The report features a competitive scenario of the portable inverter generators industry and provides comprehensive analysis of key growth strategies adopted by major players. Key players profiled in the study are Generac Power Systems, Inc., Cummins Inc., Briggs & Stratton Corporation, Honda Motor Co., Ltd., Caterpillar, Inc., Eaton Corporation Plc, Kohler Co., Yamaha Motor Corporation, Champion Power Equipment, Inc., and Smarter Tools, Inc. All these players are involved in competitive strategies including new product launch, business expansion, and collaboration to augment growth of the global portable inverter generators market.

Market Trends
• Consumers, especially home owners around the globe are buying portable inverter generators to enable themselves with an absolute power source for moving around a fixed physical space such as living room, cafeteria or garden.
• Increasing incidents of power outages has also boomed the demand for portable inverter generators.
• With power grids in developed countries experiencing a standstill due to circuit failures, companies and individuals are going through huge losses.
• Everyday power supply still remains to be challenge in underdeveloped parts of the world and these countries are turning out to be the strongest consumer base for portable inverter generators.
• Places where fuels such as diesel and gasoline are easily available, while the access to proper electricity remains budding.
• Manufacturers of portable inverter generators are actively focusing on tapping such markets for catering to the power of needs of the consumers.
• The key downside towards the growing adoption of portable inverter generators is the use of fossil fuels in generation of raw materials.

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