Rising Occurrence of Power Outages in Emerging Countries is Driving the Market, States Fact.MR
Rising Occurrence of Power Outages in Emerging Countries is Driving the Market, States Fact.MR
As per Fact.MR, a competitive intelligence and market research firm, the global portable inverter generator market is anticipated to reach a valuation of US$ 3,648.6 million in 2024 and grow at a CAGR of 9.4% across the forecast period (2024 to 2034).
The need for uninterrupted power supply is on the rise at a rapid rate in the underdeveloped nations. According to the International Journal of Advancements in Research & Technology, India experiences a daily power failure of 30,000 MW. Moreover, the nation is short of approximately 80,000 million units of electricity annually. This scenario is expected to repeat in the coming years, thus driving the demand for portable inverter generators.
Apart from that, portable inverter generators come with many superior features, including high-quality outputs, less vibration and noise, compared to the traditional generators. Therefore, their demand is most likely to increase in the domestic market where the transmission systems are not completely developed and cannot carry the additional load of power.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=372
Key Takeaways from Market Study
"Implementation of strong environmental legislations, for instance, Environmental Protection Act in the U.K. will fuel the market" a Fact.MR analyst stated.
Leading Players Driving Innovation in the Portable Inverter Generator Market
Key players in the Portable inverter generator market are Atlas Copco, Briggs & Stratton, Caterpillar, Cummins, Inc., DuroMax Power Equipment, Ford Generators, Generac, Honda Power Equipment, Honeywell International Inc., Hyundai, John Deere, Kohler Co., Lincon, Toshiba Corporation, and Yamaha.
Market Development
Global portable inverter generator market leading players are investing in expansion plans, technological innovations, product development, strategic collaborations and alliances, and regulatory requirements to gain notable share in the market.
Get Customization on this Report for Specific Research Solutions-
https://www.factmr.com/connectus/sample?flag=S&rep_id=372
Portable Inverter Generator Industry News:
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global portable inverter generator market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of the Type (Diesel, Gasoline, Propane, and Electric), Power Output (Up to 1 kW, 1 - 3 kW, 3 - 5 kW, and Above 5 kW), Use Case (Residential Power Backup, Commercial Backup, and Industrial Backup), Sales Channel (Electrical Equipment Retailers, Big Box Retailers, Company Online Channels, and eCommerce Website), across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
Check out More Related Studies Published by Fact.MR:
The U.S. vacuum pump market was valued at US$ 1.7 billion in 2021 and is expected to surpass US$ 3.43 billion by 2032, growing at a 6.6% CAGR.
The global solar dryer market, valued at US$ 2.64 billion in 2022, is projected to grow at a 6.1% CAGR, reaching US$ 4.76 billion by 2032.
The global surveillance drone market is valued at US$ 5.51 billion in 2023 and is projected to reach US$ 21.16 billion by 2033, growing at a 14.4% CAGR.
The global modular cleanroom solutions market is valued at US$ 240.7 million in 2022 and is projected to reach US$ 799.7 million by 2032, growing at a 12.7% CAGR.
The global milling machines market, valued at US$ 7.5 billion in 2023, is projected to reach US$ 13 billion by 2033, growing at a 5.6% CAGR.
The global aerial inspection services market is set to grow from US$ 1.9 billion in 2023 to US$ 9.5 billion by 2033 at a 17.5% CAGR.
The global biodetectors and accessories market is projected to value at US$ 16.5 billion in 2024 and expand at a CAGR of 12.5% to end up at US$ 53.6 billion by 2034.
The Europe Tire Shredder Market size is set to reach US$ 454.9 million in 2023 and is projected to grow at a CAGR of 4.1% to reach US$ 680.9 million by the end of 2033.
A portable inverter generator is a compact power source that converts DC power to AC power, providing electricity for various applications while being quieter and more fuel-efficient than traditional generators.
Market share is the percentage of an industry's sales that a particular company controls. It is a measure of a company's size relative to its market and competitors.
Key players are the leading companies or organizations within a specific market that have significant influence, market share, and competitive advantages.
An absolute dollar opportunity refers to the total potential revenue that can be generated from a specific market or product over a defined period.
Explore more articles in the Research Reports category
