Inverter Generators Market
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) Update Available - Forecast 2024-2030
The inverter generator market is projected to propagate at a CAGR of 5.5% during the forecast period (2021-2027). Inverter generators are machines that produce electricity in 3 phases (AC current, then converts it to DC current and then again converts it back to AC current). They are used to generate power in commercial spaces, campsites, jobsites, and at homes. These machines run on gas, battery, solar energy, propane, and other mixed fuels and are available in different sizes in the market. Owing to the rise in recreational and construction activities, North America and Europe are the largest markets for inverter generators.
Further, the demand for power is expected to increase exponentially with the soaring demand for mobile phones, personal computers, and other electronic devices. Portable generators offer several advantages such as flexibility and increased ease of use. Increasing need for portable power has driven consumers toward adopting devices that can generate electricity at the user’s convenience. Inverter generators are more portable than their fuel-powered generator counterparts.
Segmental Outlook
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. In 2019, the global recreational and campsite application segment dominated the inverter generator market. Increasing camping activities are expected to boost the demand for inverter generators globally. During the lockdown, induced by the advent of COVID-19, people have become much more dependent on electronic devices such as phones, tablets, and laptops. Millennials use multiple apps on their phones. They are constantly hooked to their smartphones and the internet. They have instant access to unlimited information. These factors are likely to affect consumer buying decisions during the forecast period, thereby increasing the demand for inverter generators.
Use of Biofuels for Generating Power
The increasing awareness of global warming, which has led severe to moderate climate changes across the globe, has accelerated the demand for inverter generators based on biofuel - a sustainable energy source. Biofuels can be produced from soybean, canola, corn, used cooking oil, and animal fats. The increasing demand for biofuel-powered generators is expected to provide major opportunities to market players during the forecast period.
Regional Outlook
The global inverter generator market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. In 2020, North America was the largest market for inverter generators. Climate change has caused changes in weather patterns in North America, leading to severe power outages. Since inverter generators are less expensive than other generators available in the market, the inverter generator market is expected to witness growth in North America during the forecast period. Asia Pacific is expected to be the region for inverter generators during the forecast period. The Asia Pacific inverter generator market is anticipated to grow owing to factors such as prolonged power failures along with increase in infrastructure and construction activities. Frequent blackouts driven by severe natural calamities and weather-related mishaps, along with growing dependency on emergency backup power to sustain daily operations is expected to boost the growth of the industry.
Global Inverter Generators Market Growth, by Region 2021-2027
Market Players Outlook
The global inverter generator market is characterized by low market concentration, with high competition among the players. This scenario is driving vendors to change and refine their unique value proposition to attain a powerful market presence. Currently, the market is fragmented and is dominated by vendors such as Techtronic Industries, Stanley Black & Decker have a worldwide presence in three major geographical regions including North America, Asia Pacific, and Europe. However, there are other vendors providing products with similar specifications at low prices. This is likely to cause price violations among vendors during the forecast period. The market confronts the threat of infiltration with low-quality products from Chinese vendors. Major vendors are competing among themselves to become a leader in the market, with occasional spurts of competition coming from other local vendors.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global inverter generator market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Briggs & Stratton, LLC.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Generac Power Systems, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Honda Motor Co., Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Stanley Black & Decker, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Westinghouse Electric Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Inverter Generators Market by Fuel Type
5.1.1. Gas-powered
5.1.2. Battery-powered
5.1.3. Propane-powered
5.1.4. Mixed/Hybrid Fuel
5.1.5. Solar-powered
5.2. Global Inverter Generators Market by Application
5.2.1. Camping & Recreation
5.2.2. Emergency Use & Home Standby
5.2.3. Jobsite & Construction
5.3. Global Inverter Generators Market by End-user
5.3.1. Recreation
5.3.2. Medium-sized
5.3.3. Large-sized
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. A-IPOWER
7.2. All Power America
7.3. Briggs & Stratton, LLC.
7.4. Champion Power Equipment
7.5. China National Machinery Industry Corp.
7.6. DuroMax Power Equipment
7.7. ECHO INC.
7.8. Energizer
7.9. FNA GROUP
7.10. Ford Motor Company
7.11. Generac Power Systems, Inc.
7.12. Green-Power America, LLC
7.13. Greenworks Tools
7.14. Honda Motor Co., Ltd.
7.15. Hyundai Motor Company
7.16. Lifan Power USA
7.17. Powerbuilt Tools
7.18. Pulsar Products, Inc.
7.19. Stanley Black & Decker, Inc.
7.20. Tomahawk Power
7.21. Westinghouse Electric Corp.
7.22. Whistler Group
7.23. Yamaha Motor Co., Ltd.
1. GLOBAL INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
2. GLOBAL GAS-POWERED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL BATTERY-POWERED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL PROPANE-POWERED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL MIXED/HYBRID FUEL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SOLAR-POWERED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
8. GLOBAL CAMPING & RECREATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL EMERGENCY USE & HOME STANDBY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL JOBSITE & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY SIZE TYPE, 2020-2027 ($ MILLION)
12. GLOBAL RECREATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL MEDIUM-SIZED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL LARGE-SIZED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. NORTH AMERICA INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
18. NORTH AMERICAN INVERTER GENERATORS MARKET RESEARCHAND ANALYSIS BY SIZE TYPE, 2020-2027 ($ MILLION)
19. EUROPE INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. EUROPE INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
21. EUROPE INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. EUROPE INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY SIZE TYPE, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY SIZE TYPE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD INVERTER GENERATORS MARKET RESEARCH AND ANALYSIS BY SIZE TYPE, 2020-2027 ($ MILLION)
1. GLOBAL INVERTER GENERATORS MARKET SHARE BY FUEL TYPE, 2020 VS 2027 (%)
2. GLOBAL INVERTER GENERATORS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
3. GLOBAL INVERTER GENERATORS MARKET SHARE BY SIZE TYPE, 2020 VS 2027 (%)
4. GLOBAL INVERTER GENERATORS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. THE US INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
7. UK INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
14. INDIA INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
16. REST OF ASIA-PACIFIC INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF THE WORLD INVERTER GENERATORS MARKET SIZE, 2020-2027 ($ MILLION)
