Asia Pacific Portable Inverter Generator Market Size By Power Rating(Below 500 W, 500 W – 1000 W, 1000 W – 2000 W, and 2000 W – 4000 W), By Fuel Type(Gas and Battery-powered), By Geographic Scope And Forecast
Asia Pacific Portable Inverter Generator Market Size By Power Rating(Below 500 W, 500 W – 1000 W, 1000 W – 2000 W, and 2000 W – 4000 W), By Fuel Type(Gas and Battery-powered), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Asia Pacific Portable Inverter Generator Market Size By Power Rating(Below 500 W, 500 W – 1000 W, 1000 W – 2000 W, and 2000 W – 4000 W), By Fuel Type(Gas and Battery-powered), By Geographic Scope And Forecast
Asia Pacific Portable Inverter Generator Market Size And Forecast
Asia Pacific Portable Inverter Generator Market size was valued at USD 33.13 Million in 2021 and is projected to reach USD 78.95 Million by 2030, growing at a CAGR of 11.92% from 2023 to 2030.
Government spending on upcoming infrastructure projects is driving the APAC construction sector. The Asia-Pacific Portable Inverter Generator Market is expected to grow during the forecast period owing to the ever-increasing demand for power, lack of reliable grid infrastructure, and demand for emergency backup power solutions in construction sites, and the need for a steady power supply. The Asia Pacific Portable Inverter Generator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Portable Inverter Generator?
Inverter generators? Think of them as portable generators, but with a smart, electronic twist! Instead of roaring away at the same speed no matter what you plug in, an inverter generator cleverly adjusts its engine speed to match how much power you're actually using. This means you save fuel and enjoy a much quieter operation. So, is an inverter generator right for your off-grid setup? It really depends, and you need to weigh everything up. Here's a cool factthese generators start by making three-phase AC power. Then, the built-in inverter electronically transforms that into DC power. Finally, it flips it back to AC, but this time as a super clean 'pure sine wave'. This high-quality power is perfect for all our gadgets with microchips and microprocessors – which, let's face it, is pretty much everything these days! The super smooth power that inverter generators deliver can even help your electronics last longer. Bonus!
As a group, inverter generators are pricier than conventional portable models but have distinct advantages. Some of the advantages of using these generators includebeing much more fuel-efficient than conventional fuel-powered generators, The inverter’s electronics technology producing a sine wave that outputs fewer fuel emissions and much cleaner power than a traditional generator, producing low noise level, requiring very little maintenance compared to their conventional counterparts and lastly inverter generators are more lightweight than standard fuel-powered generators due to the smaller fuel tank hence are portable.
The pandemic has harmed sales of the Portable Inverter Generators Market. Nonetheless, the market has reached pre-pandemic levels. The Asia-Pacific Portable Inverter Generator Market is expected to grow during the forecast period owing to the ever-increasing demand for power, lack of reliable grid infrastructure, and demand for emergency backup power solutions in construction sites, and the need for a steady power supply.
Asia Pacific Portable Inverter Generator Market Overview
The Asia-Pacific (APAC) construction scene is buzzing thanks to government investments in new infrastructure projects. One thing we're really seeing take off is construction outsourcing – it seems to be working well in APAC and offers some serious benefits. Governments are putting more cash into things like roads and bridges, which is giving the whole industry a boost. You know, a country's economic health is tied to its power grid, and a lot of places here just don't have reliable electricity. This is especially tough on small and medium-sized businesses (SMEs) and businesses in general. That's where portable generators come in. They're helping keep things running, providing a backup when the lights go out, and fueling growth in the portable generators market by ensuring a continuous power supply.
Think of portable generators like that reliable friend who's there when the lights go out, but can't replace the power company! They're great for emergencies or temporary use, but they just don't have the juice to be your everyday power source. Remember, generators have limits! If you try to power too much stuff at once, you'll need a bigger generator, or even multiple generators. Basically, the more you ask them to do, the bigger (and less portable) they get.
The wave generated by the inverter’s electronics technology produces significantly fewer fuel emissions and much cleaner power when compared to a traditional generator. When the electrical output is of greater quality, electronics function in a more secure environment. The output quality also enables parallel capabilities. The market for portable inverter generators is being shaped by technological development. Major generator manufacturers are developing new technologies, conducting research, and expanding their product lines of portable inverter generators.Asia Pacific Portable Inverter Generator MarketSegmentation Analysis
Asia Pacific Portable Inverter Generator MarketSegmentation Analysis
Asia Pacific Portable Inverter Generator Market is segmented on the basis of Power Rating, Fuel Type, and Geography.
Asia Pacific Portable Inverter Generator Market by Power Rating
Below 500 W
500 W – 1000 W
1000 W – 2000 W
2000 W – 4000 W
To Get Summarized Market Report By Power Rating-
Based on the power rating, the market is segmented into Below 500 W, 500 W – 1000 W, 1000 W – 2000 W, and 2000 W – 4000 W. The 2000 W – 4000 W accounted for the largest market share of 47.05% in 2021, with a market value of USD 14.48 Million, and is projected to grow at the highest CAGR of 12.91% during the forecast period.
Asia Pacific Portable Inverter Generator Market by Fuel Type
Gas
Battery-powered
To Get Summarized Market Report By Fuel Type-
On the basis of fuel type, the market is segmented into gas and battery-powered. Gas accounted for the largest market share of 72.66% in 2021, with a market value of USD 22.37 Million, and is projected to grow at a CAGR of 11.36% during the forecast period.
Asia Pacific Portable Inverter Generator Market by Geography
China
South Korea
Japan
Taiwan
Thailand
Malaysia
Singapore
Hong Kong
Indonesia
Philippines
Rest of Asia Pacific
To Get Summarized Market Report By Geography-Â
On the basis of regional analysis, the Asia Pacific Portable Inverter Generator Market is classified into China, South Korea, Japan, Taiwan, Thailand, Malaysia, Singapore, Hong Kong, Indonesia, Philippines, and the Rest of Asia Pacific. China accounted for the largest market share of 32.82% in 2021, with a market value of USD 10.10 Million, and is projected to grow at a CAGR of 12.48% during the forecast period.
Key Players
The major players in the market are Honda, Briggs&Stratton, Champion Power Equipment, Generac, Hyundai, Kipor, Lifan, Powermate, Westinghouse, and Yamaha.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Honda, Briggs&Stratton, Champion Power Equipment, Generac, Hyundai, Kipor, Lifan, Powermate, Westinghouse, and Yamaha.
SEGMENTS COVERED
By Power Rating, By Fuel Type, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We dig deep into the market using both numbers and less tangible stuff to understand different groups of customers. We'll give you the market size (in USD Billion) for every slice and dice of the market. You'll see which area and customer group we think will grow the quickest and be the biggest. We break down each region, showing you who's buying what and what's influencing the market there. We also map out the competitive landscape, ranking the big players and highlighting their new stuff, alliances, expansions, and takeovers from the last five years. For the major companies, you'll get detailed profiles including overviews, key insights, product comparisons, and a SWOT analysis. We'll paint a picture of where the market is now and where it's headed, covering new chances, what's driving growth, and the hurdles in both up-and-coming and established areas. Expect a thorough look at the market from all angles, thanks to Porter's five forces analysis. We'll even give you a peek into the Value Chain, showing how everything connects. Plus, we'll lay out future market trends and growth opportunities for the years ahead. Oh, and you get 6 months of analyst support after the sale!
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