North America to Hold the Leading Share with Capturing 40% of the Portable Inverter Generator Market - Seite 2

Key Takeaways:

• Around 18.5% of the total generator market is made up of portable inverter generators.
• Global portable inverter generator market is predicted to grow at a 10.2% CAGR in short-term (2022-2024).
• North America dominate in terms of market share and corner around 40% of global portable inverter generator market revenue.
• Gasoline portable inverter generators are expected to be preferred over diesel portable inverters.
• Portable inverter generators with the power output of 1,000-2,000 watt segment to grow rapidly.

Growth Drivers:

• Advanced technological features, its compact structure and minimal NV level is expected to drive the portable inverter generator market growth.
• Regularized power supply in underdeveloped regions to spur the demand of portable inverter generators.

Key Restraints:

• Government regulations lead the trade of portable inverter generators be more complex and expensive, and causing hindrance in growth of the global market.

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Competitive Landscape

The majority of the companies profiled in the research have focused on launching new products and growing their manufacturing operations in developing countries. Innovation, cooperation with important actors, partnerships, strategic alliances, and the strengthening of regional and worldwide distribution networks are all examples of strategies.

Leading manufacturers are focusing on developing new portable inverter generators that make effective use of innovative technologies such as Bluetooth and the Internet of Things (IoT) to automate operations. For example,

Ryobi Limited has released a bluetooth enabled portable inverter generator that can be coupled with an Apple or Android phone and gives warnings and messages regarding fuel use, low fuel levels, and other relevant information.

Key Players in the Portable Inverter Generator Market Include:

• ·  Honda Motor Co., Ltd.
• ·  Hyundai Motor Company
• ·  Lifan Industry (Group) Co. Ltd.
• ·  Toshiba Corporation
• ·  Yamaha Motor Co. Ltd.

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