The US inverter generators market is estimated to exhibit a sturdy CAGR of 4.2% during the forecast period (2021-2027). The need for constant and reliable electricity supply in the US is increasing at a rapid pace. In addition, the consumer dependency on backup power solutions during power outages is increasing which is resulting in an increased demand for inverter generators in the country. Increase in population engaged in sports and exercises is also one the factors propelling the demand for inverter generators. They are used to operate exercise machines in gyms and sports facilities. The US has more than 30,000 gyms. The increase in number of gyms is expected to spike the demand for inverter generators as every exercise machine comes equipped with a generator. The US inverter generator market is witnessing growth due to increasing outdoor sports and recreational activities. Outdoor activities within the US have increased as people want to exercise more, spend time with their friends and families, keep themselves physically and mentally fit, and experience adventure and solitude.
Browse the full report description US 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) at https://www.omrglobal.com/industry-reports/us-inverter-generators-market
Further, The US housing industry is witnessing growth due to strong economic conditions, significant job opportunities, and increased initiatives by government bodies to overhaul the housing industry. A strong market position and favorable business environment are boosting the infrastructure and housing construction segments. Moreover, the growth in renewable power projects is boosting the development of infrastructure and industrial building sectors. The US government is likely to increase the infrastructure spend as the administration has unveiled an infrastructure plan valued at US$ 1.5 trillion, thereby increasing the revenues and profits of housing industry players. Thus, the rise in construction activities and increased spending have accelerated the demand for portable power, which, in turn, is expected to boost the growth of the inverter generator market across the country.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected egment
US Inverter Generator Market Report Segment
By Fuel Type
By Application
By Size Type
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