The Inverter Generator Global Market is Expected to Grow at a CAGR of 6% Between 2020 and 2025
DUBLIN, Jan. 7, 2021 /PRNewswire/ -- The "Inverter Generator Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The inverter generator market by revenue is expected to grow at a CAGR of over 6% during the period 2020-2025.
The global market is experiencing growth due to rapid industrialization in developing countries and the proliferation of chargeable electronic devices. North America generated the highest revenue in 2019. The growth of the market can be attributed to increasing camping and power grid failure in countries such as the US and Canada and climate changes in North America.
APAC is expected to witness the highest growth in terms of revenue during the forecast period. Due to weather and non-weather-related conditions in APAC countries, power outages are expected to impact the demand for inverter generators' growth positively. The building & construction industry is on the rise in India and China due to government initiatives to develop smart cities, which is expected to generate portable generators' demand during the forecast period. Moreover, the increase in camping activities worldwide, especially in Europe, along with the rising disposable income and increased consumption of consumer electronics, is expected to boost the market for inverter generators during the forecast period.
The following factors are likely to contribute to the growth of the inverter generator market during the forecast period:
- Proliferation of Electronic Devices
- Use of Biofuels for Power Generation
- Increased Usage of Solar Energy
The study considers the present scenario of the inverter generator market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Global Inverter Generator Market Segmentation
This research report includes a detailed segmentation by fuel, application, size type, geography. Increasing camping activities are expected to boost the demand for inverter generators globally. Consumers have become more dependent on personal communicating devices such as phones, tablets, and laptops during the lockdown. Millennials, especially, who are born in the era of smartphones, have shown increasing inclination toward hand-held devices and smartphones. The dramatic rise of music festivals since the late 2000s, which spread over the weekend to a couple of days, has spawned the popularity of camping tents, which are indirectly affected the demand for campsite and recreational generators.
The global gas-powered commercial inverter generator market was valued at over $625 million in 2019. Gas-powered devices are in demand and are proving to be an excellent choice for tougher and demanding tasks. However, reducing oil prices would raise competition for gas-powered devices. These machines do not require charging, but they need regular maintenance to keep up performance and improve durability. Moreover, changing government regulations on pollutions is one of the major challenges faced by diesel generators.
Recreational inverter generators are designed to be a portable power source, which is one of the major factors for increased application. As compact and designed to carry with one hand, they max out at around 2,000 watts, which is maximum for tailgating or camping. Continuous innovations in this segment are boosting the industry. Vendors are increasingly collaborating with tech companies to increase usability and acceptance among consumers. Vendors are incorporating telescoping handles in their generators, which helps them in maneuverability. They are also integrating Bluetooth technology, which sends critical information to the user's smartphone, including current output wattage, fuel level, and remaining run time. However, they are compact and reliable. Research shows that these models emit carbon monoxide at a rate that can quickly build up to unsafe levels in an enclosed space.
Key Questions Answered
1. What is the inverter generator market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the inverter generator market shares?
3. What is the growth of the APAC inverter generator market during the forecast period?
4. Who are the leading vendors in the inverter generator market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Impact
8 Market Opportunities & Trends
8.1 Proliferation Of Electronic Devices In Consumer Lifestyle
8.2 Use Of Biofuels For Generating Power
8.3 Use Of Solar Energy For Generating Power
9 Market Growth Enablers
9.1 Growing Demand For Reliable & Uninterrupted Power Supply
9.2 Increasing Number Of Power Outages
9.3 High Fuel Efficiency And Portability
10 Market Restraints
10.1 Environmental Impact Of Gas-Powered Inverter Generators
10.2 Limited Power Duration & Output And High Price Of Inverter Generators
11 Market Landscape
11.1 Market Size & Forecast
11.2 Five Forces Analysis
12 Application
12.1 Market Snapshot & Growth Engine - Revenue
12.2 Market Snapshot & Growth Engine - Unit Shipments
12.3 Market Overview
12.4 Campsite & Recreation
12.5 Emergency Use & Home Standby
12.6 Job Site & Construction
12.7 Others
13 Size
13.1 Market Snapshot & Growth Engine - Revenue
13.2 Market Snapshot & Growth Engine - Unit Shipments
13.3 Market Overview
13.4 Recreational
13.5 Mid-Sized
13.6 Large
14 Fuel
14.1 Market Snapshot & Growth Engine - Revenue
14.2 Market Snapshot & Growth Engine - Unit Shipments
14.3 Market Overview
14.4 Gas-Powered
14.5 Battery-Powered
14.6 Propane-Powered
14.7 Solar-Powered
14.8 Mixed Fuel
15 Geography
15.1 Market Snapshot & Growth Engine - Revenue
15.2 Market Snapshot & Growth Engine - Unit Shipments
15.3 Geographic Overview
16 North America
16.1 Key Highlights
16.2 Market Size & Forecast
16.3 Fuel Type
16.4 Application Type
16.5 Size Type
16.6 Key Countries
16.8 US
16.9 Canada
17 Europe
17.1 Key Highlights
17.2 Market Size & Forecast
17.3 Fuel Type
17.4 Application Type
17.5 Size Type
17.6 Key Countries
17.8 Germany
17.9 UK
17.10 France
17.11 Italy
17.12 Spain
18 APAC
18.1 Key Highlights
18.2 Market Size & Forecast
18.3 Fuel Type
18.4 Application Type
18.5 Size Type
18.6 Key Countries
18.8 China
18.9 Japan
18.10 India
18.11 South Korea
18.12 Australia
19 Latin America
19.1 Key Highlights
19.2 Market Size & Forecast
19.3 Fuel Type
19.4 Application Type
19.5 Size Type
19.6 Key Countries
19.8 Brazil
19.9 Mexico
20 Middle East & Africa
20.1 Key Highlights
20.2 Market Size & Forecast
20.3 Fuel Type
20.4 Application Type
20.5 Size Type
20.6 Key Countries
20.8 Saudi Arabia
20.9 UAE
20.10 SOUTH AFRICA
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Stanley Black & Decker
22.2 Generac
22.3 Honda
22.4 Briggs & Stratton Corporation
22.5 Westinghouse Electric Company
22.6 Champion Power Equipment
23 Other Prominent Vendors
23.1 FNA GROUP
23.2 Powerbuilt Tools
23.3 Ford Motor Company
23.4 China National Machinery Industry Corporation (Sinomach)
23.5 All Power America
23.6 Whistler Group
23.7 Tomahawk Power
23.8 Greenworks
23.9 Green-Power America
23.10 Duromax Power Equipment
23.11 ECHO
23.12 Pulsar Products
23.13 A-Ipower
23.14 Yamaha Corporation
23.15 Lifan Power
23.16 Energizer
23.17 Hyundai Motor Company
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Application Type
25.2 Size Type
25.3 Fuel Type
25.4 North America
25.5 Europe
25.6 APAC
25.7 Latin America
25.8 Middle East & Africa
26 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/3zthxh
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