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In 2021, the portable inverter generators market was valued at more than USD 1.9 billion, and it is expected to grow at a CAGR of around 7% from 2022 to 2028.

By 2028, the global industry’s annual installation is expected to exceed 3.7 million units. The growing demand for portable power has pushed the world toward adopting portable inverter generators that can generate electricity at the user’s leisure. During the forecast period, more gasoline portable inverter generators are expected to be sold.

With the ever-changing demands of individual consumers on power usage and the growing proliferation of electronic devices, portable inverter generators are finding new utility applications. However, as the global power grid strives for sustainability, power outages cost millions of dollars in lost revenue.

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Compared to traditional generators, incorporating inverter technology in generators contributes to higher quality maximum power output with minimal surges. The microprocessor in inverter generators can calculate the amount of power consumed and then control and regulate the speed of the generator to optimize the equipment’s power consumption.

Developed countries are seeing an increase in the abuse of available power. Developing countries are struggling to reduce the challenges in their electricity distribution network, creating a disparity in the global power distribution network and increasing demand for portable inverter generators.

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Cummins, Kirloskar Oil Engines Limited, Briggs & Stratton, Kohler, Generac Power Systems, Yamaha Motor Co., Honda Motor Co., Caterpillar, Atlas Copco, Honeywell International, Wacker Neuson SE, Deere & Company, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, A-iPower, Mitsubishi Heavy Industries, and HIMOINSA are among the key players operating in the portable inverter generators market. To meet the immense competition in the portable inverter generators market, the major players are leading the way toward digital advancements while forming mergers and acquisitions.

Recent Developments in the Portable Inverter Generators Market:

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The post Portable Inverter Generators Market | Increase at a Steady CAGR of 6.9%, Reaching US$ 3.74 Bn by 2032 appeared first on Future Market Insights.

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