Demand for Portable Inverter Generator Is Expected To Grow At 9.7% CAGR During 2022-2032
The global portable inverter generator market is expected to grow at 9.7% CAGR during 2022-2032 and surpass the value of USD 7.7 Bn by the end of 2032. The portable inverter generator market accounts for around 18.5% in overall generators market.
Key Segments Covered
By Fuel Type
- Under 1,000 Watt
- 1,000-2,000 Watt
- 2,000-3,000 Watt
- 3,000-4,000 Watt
- Above 4,000 Watt
Request Sample https://www.factmr.com/connectus/sample?flag=S&rep_id=372
Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Portable inverter generator market is gaining momentum over conventional generators due to its advanced technological features, high quality outputs, minimal NV (Noise & Vibration) levels and ease of carrying it anywhere. Residential application is most addressable segment by Tier-1 manufacturers owing to high demand, it is presumed that the residential customer will continue to be dominant owing to the need of power backups.