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 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.
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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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