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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Inverter Generators Market by Fuel Type
- Gas-powered
- Battery-powered
- Propane-powered
- Mixed/Hybrid Fuel
- Solar-powered
Global Inverter Generators Market by Application
- Camping & Recreation
- Emergency Use & Home Standby
- Jobsite & Construction
Global Inverter Generators Market by End-user
- Recreation
- Medium-sized
- Large-sized
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- A-IPOWER
- All Power America
- Briggs & Stratton, LLC.
- Champion Power Equipment
- China National Machinery Industry Corp.
- DuroMax Power Equipment
- ECHO INC.
- Energizer
- FNA GROUP
- Ford Motor Company
- Generac Power Systems, Inc.
- Green-Power America, LLC
- Greenworks Tools
- Honda Motor Co., Ltd.
- Hyundai Motor Company
- Lifan Power USA
- Powerbuilt Tools
- Pulsar Products, Inc.
- Stanley Black & Decker, Inc.
- Tomahawk Power
- Westinghouse Electric Corp.
- Whistler Group
- Yamaha Motor Co., Ltd.
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.
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