Global Inverter Generators Market 2021-2027

Global Inverter Generators Market Size, Share & Trends Analysis Report by Fuel Type (Gas-powered, Battery-powered, Propane-powered, Mixed/Hybrid Fuel, and Solar-powered), by Application (Camping & Recreation, Emergency Use & Home Standby, and Jobsite & Construction), and by Size Type (Recreation, Medium-sized, and Large-sized) Forecast Period (2021-2027).

The inverter generator market is anticipated to grow at a rapid CAGR of 5.5% during the forecast period (2021-2027). The invertor generator market has grown exponentially across the globe to cater to the changing demands of consumers and due to the growing proliferation of electronic devices. An inverter generator electronically controls the engine up and right down to meet demand rather than running full tilt all the time. Inverter generators produce lower emissions and generally do not make noise. An inverter generator is different from what many consider a traditional portable generator.

Further, camping has also found its way into the live music culture. Majority of music festivals are located on grounds/hills, far away from urban settings and necessitates the use of temporary shelters. With the increase in music festivals across Europe, the demand for inverter generators is expected to increase in sync.

The inverter generator market is segmented based on fuel type, application, and size type. Based on the fuel type, the inverter generator market is segmented into gas-powered, battery-powered, propane-powered, mixed/hybrid fuel, and solar-powered. Based on application, the market is classified into camping & recreation, emergency use & home standby, and jobsite & construction. Based on size type, the market is segmented into recreation, medium-sized, and large-sized. The recreation size type is estimated to dominate the segment, during the forecast period. Recreational inverter generators are designed to be a transportable power source. These machines weigh 50 to 60 pounds and are intended to be carried with one hand. Most recreational models attain around 2,000 watts, which should be plenty for tailgating or camping. Continuous innovations in this segment are boosting the market. For example, the Ryobi generator was designed keeping usability in mind. It has wheels and a telescoping handle for starters, resembling a luggage wheelie.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America dominated the inverter generator market with the highest market share owing to increase in recreational activities such as camping and music festivals and more. Additionally, invertor generators are highly used during tailgating activities. North America is the largest market for tailgating activities. For instance, around 50 million people tailgate annually in North America. In this region, college and professional football tournaments are considered to be the major tailgating events.

Lastly, the market can be described by the presence of diversified global and regional vendors. As international players would increase their footprint within the market, regional vendors are going to find it increasingly difficult to compete with global players. The competition is going to be based solely on durability, technology, services, price, and customization. Some of the major global players include Briggs & Stratton, LLC., Generac Power Systems, Inc., Honda Motor Co., Ltd., Stanley Black & Decker, Inc., and Westinghouse Electric Corp. 

Other prominent vendors include Honda India Power products, FNA Group, Powerbuilt tools, Ford motor Company, Chin National Machinery industry corporation, All Power America, Whistler Group, Tomahawk Power, Briggs & Straton Corporation, Greenworks, Green-Power America, ECHO, Pulsar Products, among few others. Players are engaged in developing products with advanced features such as IoT connectivity and emission detection systems. Therefore, vendors must develop new technologies and want to stay abreast of upcoming innovations to own competitive advantage over other vendors.

Research Methodology

The market study of the global inverter generator market is incorporated by extensive primary and secondary research.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Inverter Generators Market Research and Analysis by Fuel Type
2. Global Inverter Generators Market Research and Analysis by Application
3. Global Inverter Generators Market Research and Analysis by Size Type

The Report Covers

• Comprehensive Research Methodology of the global inverter generator market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global inverter generator market.
• Insights about market determinants which are stimulating the global inverter generator market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.