Frequently Asked Questions
The global portable inverter generators market was valued at USD 2.2 Billion in 2022.
The portable inverter generators market is expected to grow at a CAGR of 6.50% between 2023 and 2030, reaching USD 3.4 Billion in 2030.
1kVA to 2kVA category is the leading segment by power rating, holding over 35% share in terms of value in 2022.
The gasoline segment governs the demand for portable inverter generators in the world, holding a massive share of over 60% in 2022.
The construction segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the portable inverter generators industry, with over one-third share in 2022.
The top players include Honda Power Equipment WEN Products, Firman Power Equipment, Briggs & Stratton, Ryovi, Duromax Power Equipment. Champion Power Equipment, WEN Products, Generac Power Systems, Westinghouse Electric Company and Yamaha Motor Co.
In response to the increasingly frequent and severe electrical outages, market growth is ascribed to the increased importance of backup power and disaster planning measures. These units are expanding as a result of rising power outages, intensifying natural disasters, and declining grid resilience.
In comparison to conventional generators, portable inverter generators are more efficient and standard. Pricey portable inverter generators decreased consumer demand. As opposed to conventional generators, portable inverter generators offer less power.
The increasing population increase and poor grid infrastructure will encourage the use of portable inverter generators. The potential of the business will be shaped by rising consumer spending confidence and rising disposable incomes.