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Home > Energy and Power > Electrical Equipment > Generator Sets > Diesel Portable Inverter Generator Market
The diesel portable inverter generator market is valued at US$52.3 million in 2023 and is likely to grow at a CAGR of 3.8% from 2024 to 2032. With the growing popularity of outdoor recreation, growing awareness of the implementation of reliable energy systems will potentially drive the growth of this business. Continued innovation in technological advancement coupled with upgrading the performance and efficiency of inverter generator sets will propel the growth of the industry.
A portable diesel inverter generator is a compact, mobile power generation equipment that uses diesel fuel to generate electricity and uses inverter technology to provide clean and stable power output. Continued enforcement of strict emissions regulations and requirements, as well as aggressive adoption of low-emission, clean technologies will support industry growth. Additionally, increased power outage volatility and unreliable power supply, coupled with growing demand for temporary power backup solutions, will drive the adoption of portable inverter generators.
The industry will see significant growth due to the rapid adoption of cleaner and more stable power solutions. The increasing impact of natural disasters such as floods, wildfires and hurricanes coupled with a combination of advanced capabilities such as mobile app connectivity, remote monitoring and automatic start/stop will impact industry penetration. Additionally, increasing construction activity, mainly in emerging economies, coupled with growing demand for uninterrupted power supply will drive demand for portable generators.
By 2032, the production volume of 1-2KVA portable diesel inverter generators will exceed US$30 million. Due to strict noise regulations and environmental concerns, these rating units will increase significantly. The continued combination of easy-to-activate mechanisms, ergonomic design and digital displays, coupled with their ability to deliver efficient power, will propel the industry forward. Additionally, the lightweight and compact design of these generator sets makes them ideal for a variety of applications including recreational activities, remote work sites, off-grid areas and small business operations, which will increase product adoption.
By 2032, the residential diesel portable inverter generator market will grow by more than 3.5%. Increasing urbanization, severe weather events and grid instability, as well as frequent power surges due to population growth will contribute to industrial growth. More and more homeowners are choosing these generator sets because they can last longer compared to gasoline-powered alternatives. Increased disposable income allows homeowners to invest in high-quality electrical solutions, further stimulating business potential around the world.
The portable diesel inverter generator market in North America is expected to exceed $25 million by 2032 due to increased extreme weather conditions and increased demand for reliable energy solutions. Demand for these apartments is fueled by the growth of self-contained living, RV travel and outdoor recreation in the area. Additionally, the proliferation of smart home systems and sensitive electronic devices, coupled with continued consumer awareness of the importance of having reliable power backup, will drive industry dynamics.
The diesel portable inverter generator industry in the US is growing significantly due to increased awareness of emergency preparedness and concern for environmental compliance. Rapid paradigm evolution and expansion of residential facilities coupled with the integration of advanced features such as digital displays and easy-start mechanisms will drive product adoption. In addition, there is an increasing demand for portable devices in commercial and industrial applications, including construction sites, event venues and remote work sites, which in turn will have a positive impact on business growth.
Generac Power Systems designs and manufactures a variety of power equipment and other motor-driven products serving the residential, light commercial and industrial markets. The company offers a wide selection of portable, standby and mobile generators. The company also develops motor combinations for lighting towers and industrial mobile heaters for the oil and gas, construction and other industrial markets, including an extensive line of outdoor power equipment for residential and commercial applications.
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Post time: Aug-27-2024