April 25, 2022 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del., April 25, 2022 (GLOBE NEWSWIRE) -- In 2021, the portable inverter generators market was valued at more than USD 1.9 billion, and it is expected to grow at a CAGR of 6.9% from 2022 to 2032.

The global industry's annual installation is expected to exceed 3.7 million units. The growing demand for portable power has pushed the world toward adopting portable inverter generators that can generate electricity at the user's leisure. During the forecast period, more gasoline portable inverter generators are expected to be sold.  

With the ever-changing demands of individual consumers on power usage and the growing proliferation of electronic devices,  portable inverter generators are finding new utility applications. However, as the global power grid strives for sustainability, power outages cost millions of dollars in lost revenue. 

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A list of Key Players Covered in the Portable Inverter Generators Market are:

Compared to traditional generators, incorporating inverter technology in generators contributes to higher quality maximum power output with minimal surges. The microprocessor in inverter generators can calculate the amount of power consumed and then control and regulate the speed of the generator to optimize the equipment's power consumption. 

Developed countries are seeing an increase in the abuse of available power. Developing countries are struggling to reduce the challenges in their electricity distribution network, creating a disparity in the global power distribution network and increasing demand for portable inverter generators. 

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Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler, Generac Power Systems, Yamaha Motor Co., Honda Motor Co., Caterpillar, Atlas Copco, Honeywell International, Wacker Neuson SE, Deere & Company, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, A-iPower, Mitsubishi Heavy Industries, and HIMOINSA are among the key players operating in the portable inverter generators market. To meet the immense competition in the portable inverter generators market, the major players are leading the way toward digital advancements while forming mergers and acquisitions. 

Recent Developments in the Portable Inverter Generators Market: 

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    1.3. Key Market Characteristics & Attributes

3. Market Risks and Trends Assessment 

        3.1.1. COVID-19 Crisis and Impact on Portable Inverter Generators Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points 

    4.1. Portable Inverter Generators Market, By Key Countries

    4.2. Portable Inverter Generators Market Opportunity Assessment (US$ Mn)

    4.5. Forecast Factors - Relevance & Impact

        4.5.2. Global Portable Inverter Generators Market Growth

        4.5.3. Portable Inverter Generators Adoption Rate, By Country

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Portable Inverter Generators Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

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