top of page
Search

Solar Generator Market Size, Share & Trend Analysis | Forecast 2034

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • Jan 29
  • 3 min read

According to Fortune Business Insights the global solar generator market size was valued at USD 632.74 million in 2025 and is projected to grow from USD 677.11 million in 2026 to USD 1170.63 million by 2034, exhibiting a CAGR of 7.08% during the forecast period. The global Solar Generator Market is witnessing strong growth due to the rising demand for clean, portable, and reliable power solutions. Solar generators convert solar energy into electricity and store it for later use, making them an eco-friendly alternative to conventional fuel-based generators. Increasing concerns over carbon emissions, frequent power outages, and the global transition toward renewable energy are accelerating market adoption across residential, commercial, and industrial sectors.

Key Market Drivers

Growing Renewable Energy Adoption

Governments, businesses, and households are increasingly prioritizing renewable energy sources to reduce carbon footprints. Solar generators provide a clean and sustainable alternative for power generation, particularly in off-grid and remote areas.

Technological Advancements

Improvements in photovoltaic efficiency, lithium-ion battery technologies, and inverter systems have enhanced the performance, efficiency, and lifespan of solar generators, boosting consumer confidence and adoption.

Rising Demand for Backup Power

Frequent power outages due to extreme weather events and grid instability have increased demand for reliable backup power solutions, particularly in residential and commercial settings.

Market Restraints

High Initial Investment

Solar generators involve higher upfront costs compared to conventional generators, which may limit adoption in cost-sensitive markets.

Dependence on Weather Conditions

The efficiency of solar generators depends on sunlight availability, which can restrict power generation during cloudy or rainy conditions despite energy storage capabilities.

Market Segmentation

By Storage Capacity

  • Below 1500 Wh

  • 1500–2500 Wh

  • Above 2500 Wh

The above 2500 Wh segment holds the largest share due to increasing demand for high-capacity systems capable of powering multiple appliances and heavy equipment.

By End User

  • Residential

  • Commercial

  • Industrial

The residential segment dominates, driven by growing demand for home backup power, outdoor recreation, and off-grid living solutions.

Regional Insights

North America

North America leads the global solar generator market due to high consumer awareness, early adoption of renewable energy technologies, and strong demand for portable power solutions.

Europe

Europe shows steady growth, supported by stringent environmental regulations, renewable energy targets, and an increasing focus on energy independence.

Asia Pacific

Asia Pacific is an emerging market, driven by rising investments in solar energy and increasing demand for backup power in regions with unstable grid infrastructure.

Competitive Landscape

Key players in the solar generator market are focusing on innovation, capacity expansion, lightweight designs, and smart connectivity features to strengthen their market presence. Strategies such as product launches, partnerships, and technological upgrades are commonly adopted to gain a competitive edge.

LIST OF TOP SOLAR GENERATOR COMPANIES:

  • Custom Manufacturing & Engineering Inc. (U.S.)

  • Renogy (U.S.)

  • Jackery Inc. (U.S.)

  • EcoFlow (U.S.)

  • Oukitel (China)

  • Maxoak Corporation (China)

  • Growatt (China)

  • Goal Zero (U.S.)

KEY INDUSTRY DEVELOPMENTS:

  • January 2024: EcoFlow launched DELTA Pro Ultra, the world's most powerful intelligent hybrid battery generator and backup system. This innovative product was recognized as a 2024 CES Innovation Awards winner for its exceptional design and innovative technology.

  • January 2023: Jackery added two more innovative portable solar powered generators to its premium Pro family, the 3000 Pro, and 1500 Pro, offering outdoor enthusiasts a more comprehensive range of power options. Two new products debuted at the world's largest technology event, CES 2023. With the 1000 Pro and 2000 Pro coming in 2022, the flagship Jackery Solar Generator Pro family is complete.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone

US: +18339092966

UK: +448085020280

APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.com


 
 
 

Comments

bottom of page