Residential Portable Inverter Generator Market size is assessed at USD 2.9 billion in 2024 and is expected to cross USD 5.8 billion by the end of 2037, registering more than 5.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of residential portable inverter generator is estimated at USD 3 billion.
The increasing demand for reliable backup solutions in homes due to alarming extreme weather events and an aging electrical infrastructure will drive the residential portable inverter generator market. Such extreme changes have accelerated the need for residential backup power, thus opening opportunities for residential portable inverter generators in the market. Players in the market are tapping into this opportunity to develop advanced products. For example, in July 2021, Yamaha released its EF2200iS Inverter Generator, featuring CO sensor technology that further makes it an even safer experience for homes.
Technological advancements and government initiatives are some of the major demand propellers of residential portable inverter generators. Government efforts, such as incentivizing preparedness in case of emergencies, also drive market growth since more homeowners have begun to rely on these portable solutions. For instance, in April 2023, the Consumer Product Safety Commission (CPSC) proposed new standards that would lessen problems with carbon monoxide emissions from portable generators. This is anticipated to drive innovation in the industry to bring forth more efficient models that reduce fatalities.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.5% |
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Base Year Market Size (2024) |
USD 2.9 billion |
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Forecast Year Market Size (2037) |
USD 5.8 billion |
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Regional Scope |
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Power Rating (< 1 kVA, 1 kVA - 2 kVA, > 2 kVA - 3 kVA, > 3 kVA - 4 kVA, > 4 kVA),
1 kVA - 2 kVA segment is set to capture around 37.2% residential portable inverter generator market share by the end of 2037 as 1 kVA - 2 kVA rating power offers a better balance between power output and portability and is thus greatly suitable for residential areas. Compact and lightweight models are finding more interest among homeowners in supplying power for their main appliances during outages. For example, in May 2023, Generac launched GP15500EFI and GP18000EFI in May 2023 with sophisticated electronic fuel injection, or EFI, for better fuel economy and fewer emissions. These new portable generators can be used for residential and commercial purposes.
Power Source (Gasoline, Diesel, Others)
By 2037, gasoline segment is expected to hold more than 95% residential portable inverter generator market share owing to easy availability and affordability. Such generators witness extensive application in emergency cases wherein fuel accessibility holds an important place. Companies are launching innovative portable inverter generators, which can run on either gasoline or propane, depending upon the user's choice for adaptability, whether at home or outdoors during power loss or camping.
Our in-depth analysis of the residential portable inverter generator market includes the following segments
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Power Rating |
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Power Source |
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North America Market Analysis
North America in residential portable inverter generator market is projected to dominate around 36.5% revenue share by the end of 2037. Rapidly increasing extreme weather conditions, such as hurricanes and winter storms, often severe enough to cause lengthier power outages, is a significant factor contributing to growth. Apart from this, the U.S. government is investing heavily in grid modernization projects while encouraging backup power for residential owners, boosting demand for these generators in the region. Customers in the residential sector are increasingly seeking generators that are reliable, fuel-efficient, and meet new environmental standards.
The U.S. is anticipated to lead the residential portable inverter generator market in North America. With a strong focus on innovation and product diversification, the competition in the U.S. is very high. Companies are competing with various innovative launches targeted toward various needs of the consumers. For example, Trime introduced a new range of diesel-powered generators in May 2024. the lineup will offer a power range from 6kVA to 670kVA and will be equipped with advanced diesel engines from manufacturers such as Kohler Stage V, Yanmar, FPT Iveco, and Perkins.
Canada market is influenced by the urge of the government for environment-friendly power solutions. Emission regulations are becoming strict and companies are striving to innovate with cleaner and lower-emission portable generators. The Clean Energy Regulations Canada launched new regulations covering portable inverter generators in 2024, targeting reduced emissions. Hence, under such pressure, the future of the market is likely to be influenced, and the firms increasingly focus on the carbon footprint of their products.
Asia Pacific Market Analysis
Asia Pacific residential portable inverter generator market is projected to grow at more than 6% CAGR through 2037, enabled by demand caused by frequent power outages in developing countries such as India and China. Further, rapid urbanization and increased demand for electric supply across the region are driving affordable adoptions of portable generators as potential solutions for electricity supply. Rural electrification programs spur market growth even further, given the fact that some regions still face unreliable grid connectivity.
The disruption of power supplies in rural areas and the developing road projects contributed to an increase in demand for residential portable generators in India. Mahindra Powerol Ltd. inaugurated a plant in March 2021 through its GOEM Perfect Generators Technology Pvt. Ltd. based in Ghaziabad. The strategic launch gave Mahindra Powerol a competitive edge in offering its products in the northern part of the country and widened its reach.
In contrast, China is both a major producer and consumer of portable generators. Innovation efforts on the part of manufacturers target competitive pricing for applications from mass markets. The governmental policy regarding renewable energy resources has equally had impacts on product designs to facilitate fuel efficiency and cleaner burning. Therefore, most manufacturing companies offer more dual-fuel generators to serve the needs of both residential and commercial purposes.
The residential portable inverter generator market is highly competitive, with several key players leading the industry. These include Generac, Yamaha, Honda, Westinghouse, and Champion. These firms are focusing on technological advancements, safety features, and fuel efficiency to stay atop the market. Continuous product innovations, especially in dual fuel and inverter technology, help these companies keep their competitive edge.
In June 2024, EcoFlow introduced the EcoFlow DELTA Pro 3, an ultra-powerful portable power station that is super user-friendly and makes backup power at home easier and more convenient than ever. With a high-capacity DELTA Pro 3, some of the most demanding requirements are tackled creatively due to advanced features. The launch has represented the move of the industry into more efficient and greener solutions that would help companies address the emerging demand of consumers for safer and greener power.
Here are some leading players in the residential portable inverter market
Author Credits: Dhruv Bhatia
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