Power Ratings (< 1 kVA, 1 kVA - 2 kVA, > 2 kVA - 3 kVA, > 3 kVA - 4 kVA, > 4 kVA)
1KVA-2KVA segment is projected to hold diesel fired portable inverter generator market share of more than 43.1% by 2037, owing to its wide use in residential and small commercial applications where reliability and portability are a cause for significant preference. With the growing rate of blackout occurrences and the ever-increasing trend of off-grid living and outdoor recreation, consumers always prefer these units as perfect for RVs and sensitive electronic devices. Since 1KVA - 2KVA generators are affordable, these units are attractive both in terms of performance and cost. The 1KVA-2KVA segment will witness a significant surge concerning versatility, affordability, and rising applications by various industries.
In May 2023, The GP18000EFI and GP15500EFI portable generators from Generac Power Systems are part of the GP series, which offers backup power for the entire home via a manual transfer switch. It is a dependable portable power source for high-wattage worksite needs, do-it-yourself projects, and emergency home backup. In addition, by ensuring optimal fuel efficiency across a range of engine speeds and load demands, these two models contribute to the reduction of emissions and fuel consumption. Furthermore, it has COsense technology helps to automatically turn the unit off in case of high carbon monoxide emissions.
Application (Residential, Outdoor Sports, Construction)
Based on application, the residential segment will dominate the diesel fired portable inverter generator market attributable to the ever-increasing demand for energy combined with the growing concerns associated with power outages. Also, a growing requirement for backup power solutions by residential users increases the demand. As people tend to install more smart home technologies and are becoming reliant on electronic devices, the need for stable and uninterrupted power supply becomes critical. Furthermore, the extended duration of these generators over gasoline alternatives is making homeowners choose them more frequently thus, the global commercial potential is further encouraged by rising disposable incomes, which enable homes to invest in superior power solutions.
Our in-depth analysis of the global diesel fired portable inverter generator market includes the following segments:
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Author Credits: Dhruv Bhatia
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