The global inverter generator market is estimated to record a substantial CAGR of 5.5% during the forecast period (2021-2027). Over the next few years, the demand for uninterruptible power supply is likely to increase the demand for inverter generators. There is growth in the pattern of recognizing these systems as essential power backup devices for performing several tasks effectively and efficiently. The market is likely to witness high demand for inverter generators for several end-users such as recreation, camping, and tailgating.
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Further, there is an increase in the frequency of weather and non-weather-related power outages. Heat waves, heavy rains, and winter storms are among the leading causes of large-scale power outages around the globe. Across the US, particularly in the Mid-west and Eastern regions, a majority of transmission and distribution networks remain above the ground, increasing their susceptible to natural calamities, such as high wind, storms, cyclones, and snowstorms.
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Outdoor learning has also increased the demand for camping equipment including invertor generators. In Europe, digital revolution has affected creativity, empathy, and innovation in kids. Outdoor learning is thus catching up and parents in Europe are sending their kids to nature schools. This is particularly popular in countries such as Scotland, Denmark, and Scandinavia where the schools have gained the support of local councils. These trends and efforts are driving up the commercial sales of camping equipment including invertor generators.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- by Fuel Type, Application, and Size Type
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Briggs & Stratton, LLC; Generac Power Systems, Inc.; Honda Motor Co., Ltd.; Stanley Black & Decker, Inc.; and Westinghouse Electric Corp.
Global Inverter Generators Market Report Segment
By Fuel Type
- Gas-powered
- Battery-powered
- Propane-powered
- Mixed/Hybrid Fuel
- Solar-powered
By Application
- Camping & Recreation
- Emergency Use & Home Standby
- Jobsite & Construction
By Size Type
- Recreation
- Medium-sized
- Large-sized
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
