From GlobeNewswire: 2024-11-11 06:30:00

The global Portable Inverter Generator Market is projected to reach US$ 3,648.6 million in 2024 with a CAGR of 9.4% from 2024 to 2034. Demand is increasing in underdeveloped countries like India due to power outages. Portable inverter generators offer advanced features and are in demand in residential areas with inadequate power infrastructure.

Market study findings include a projection of US$ 8,959.8 million by 2034 with a 4% CAGR, an absolute $ opportunity of US$ 5,311.2 million, and North America holding a 1% market share. Leading players driving innovation include Atlas Copco, Honda Power Equipment, and Yamaha. Electric type generators are expected to grow at an 8% CAGR.

Strict environmental regulations like the Environmental Protection Act in the U.K. are expected to drive market growth, according to a Fact.MR analyst. Key players are focusing on expansion, technological advancements, and regulatory compliance to gain market share. Italian company Trime plans to introduce diesel generators with a power range of 6kVA to 670kVA.

BLUETTI recently launched a 62-pound portable power station with a 2,400-watt output, while Honda announced plans for a new EU32i portable generator with a 3.2kVA output. These developments indicate a growing market for portable power solutions. Fact.MR offers unbiased analysis of the global portable inverter generator market from 2019 to 2034.

The global Portable Inverter Generator Market is segmented by power grade, power output, use case, and sales channel. Fact.MR provides insights into market trends, growth paths, and competitive landscapes, empowering businesses with crucial data for informed decision-making. The company continues to assist clients in navigating dynamic market challenges and achieving long-term success.



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