Global Solar Generator Market to Grow at US$ 882.7 Million by 2027, Bolstered by the Growing Investments in Renewable Energy Sources

April 09, 2022

The latest report by IMARC Group, titled “Solar Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global solar generator market size reached US$ 467.1 Million in 2021. A solar generator is an energy system that is fueled by the sun. It consists of a storage system and a specialized battery system that converts the photogenic energy from sunlight into electricity. Also referred to as photovoltaic (PV) systems, the generator offers various advantages such as zero pollution generation and minimal fuel required for operation. They store energy for emergency purposes, which reduces the need for non-renewable resources such as fossil fuels. Unlike gas-powered generators, they do not emit harmful fumes and can power homes for a longer duration. Nowadays, solar generators are available in different sizes and capacities, which is increasing their demand across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. 

Global Solar Generator Market Trends: 

The market is primarily driven by the increasing power outages due to the rising instances of natural calamities and bad weather. They are employed for the production and distribution of power around the world. The rising demand for economical, minimal cost investment and zero pollution energy storage systems are fueling the market growth. Besides this, the growing awareness regarding climate change is propelling the demand for renewable energy sources such as solar, hydro, and wind energy. As a result, governments across various countries are encouraging the use of solar generators by providing tax relaxations and incentives to investors. This, in turn, is lowering the cost of solar generators, escalating the demand for solar generators. Furthermore, manufacturers are extensively investing in research and development (R&D) activities to introduce convenient generators. They are also launching portable generator variants for vehicles as well as rechargeable electronic devices, which is significantly impacting the market growth. Looking forward, the market value is expected to reach US$ 882.7 Million by 2027, exhibiting a CAGR of 10.7% during the forecast period (2022-2027).

Market Summary: 

  • Based on the grid connectivity, the market has been segmented into off-grid and on-grid. Currently, off-grid connectivity dominates the market, holding the largest market share.
  • On the basis of the end user, the market has been classified into residential, industrial, commercial and military. Among these, the residential sector represents the largest end user segment.
  • Region-wise, North America holds the leading position in the market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been examined, with some of the key players being Goal Zero LLC, Hollandia Solar, Altern Limited, Jaspak Private Limited, Sunvis Solar Co. Ltd., BioLite, Inc., Powerenz, Inc., SolSolutions LLC, SolaRover, Inc., SolarLine Group, and Voltaic Power Private Limited.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Global Solar Generator Market to Grow at US$ 882.7 Million by 2027, Bolstered by the Growing Investments in Renewable Energy Sources
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More