The global Portable Inverter Generators Market was valued at USD XX million in 2017 and is expected to reach a valuation of approximately USD XX million by 2025, riding on the back of a strong CAGR of XX% during the forecast period. Portable inverter generators are generally used as a substitute in the production of direct current power and later convert it into alternate current electricity. Portable inverter generators are characterized by their smaller size, lighter weight and also enables a more stable power stream similar to the power lines. They are generally used by households and residents in case of requirement of source of power in physical space such as garden, cafeteria, or living room.
The global portable inverter generator market includes primary participants such as Lifan Industry (Group) Co., Ltd., Honda Motor Co., Ltd., Champion Power Equipment, Inc., Briggs & Stratton Corporation, Hyundai Motor Company, Yamaha Motor Co., Ltd., Toshiba Corporation, Wuxi Kipor Power Co. Ltd., Generac Holdings Inc., Ryobi Limited and other are some of the prominent players in the portable inverter market.
The portable inverter market can be segmented into power capacity, fuel used and regions. Based on power capacity, the market is segmented into <1000 watt, 1000-2000 watt, 2000-3000 watt, 3000-4000 watt and >4000 watt. In the coming years it is expected that portable inverter generators which are equipped with power capacity of 1000-2000 watts will be sold more.
Further, on the basis of fuel used the portable inverter generator market is segmented into gasoline and diesel. Based on the region the market is divided into five regions.
Portable Inverter Generator Market Key Segments:
On the basis of Power Capacity:
On the basis of Fuel Used:
On the Basis of Region:
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
The global portable inverter generators market is growing on account of rising number of residents buying portable inverter generators to meet their power needs in open spaces including gardens living rooms, and cafeterias. Furthermore, consumers consider portable inverter generators to be the perfect answer to the frequent power outages. Additionally, failures in electrical circuit lead to power grids outage of the whole city, leading to the emergence of portable inverter generators as appropriate sources of power. These are the primary factors driving the demand of portable inverter generators.