Portable Inverter Generators Market

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Portable Inverter Generators Market Growth
Drivers In 2022 Challenges By 2028
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Industry Overview

• The global portable inverter generators market
  share is set to grow at a considerable pace
  through 2028 on the back of the ever-growing
  demand for energy across the world. According to
  a recent IEA report a 5 increase in electricity
  demand was recorded for 2021, with approximately
  50 of it being fossil fuels.
• While renewables adoption is expanding at a rapid
  rate, the speed with which it is growing in not
  proving adequate enough to address the strong
  rebound in the world's electricity demand,
  especially for regions that fall off the grid.
  This has resulted in a sharp rise in the
  utilization of fossil fuel-based energy
  generation methods, particularly portable
  inverter generators in remote areas.
• Overall, the portable inverter generators
  industry is classified in terms of power rating,
  power source, application, and regional
  landscape.
• With respect to power ratings, the market
  landscape is categorized into gt 4 kVA, gt 3 kVA -
  4 kVA, gt 2 kVA - 3 kVA, 1 kVA - 2 kVA, and 1 kVA.
• Among these, the gt 2 kVA - 3 kVA subsegment is
  slated to report considerable growth fueled by
  growing consumer dependency on electricity backup
  solutions.

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• Meanwhile, the gt 3 kVA - 4 kVA segment is also
  earmarked to see notable growth impetus. Product
  characteristics such as light weight,
  compactness, and operational suitability are the
  key features that are encouraging the utilization
  of these units.
• Based on power source, the industry is bifurcated
  into gasoline-powered inverter generators, and
  diesel-powered inverter generators. Of the two,
  the diesel segment is projected to witness growth
  fueled by the rapidly increasing demand for small
  and less power generator sets across key
  application avenues.
• Speaking of applications, the market has been
  divided in terms of residential, outdoor sports,
  and construction. Of the three, the outdoor
  sports application segment is forecast to grow at
  a remunerative rate of approximately 8.2 by
  2028.
• From a regional stand-point, the Africa portable
  inverter generators market is set to create a
  robust revenue stream for the global market. The
  continent's aging electricity grid
  infrastructure, coupled with the deteriorating
  grid resiliency, is expected to stimulate the
  industry's business prospects over the coming
  years.

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Portable Inverter Generators Market

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