In-depth analysis and data-driven insights on the impact of COVID-19 included in this global inverter generator market report.
The inverter generator market is expected to grow at a CAGR of over 6% during the period 2019−2025.
Key Highlights Offered in the Report:
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Inverter Generator Market – Segmentation
Inverter Generator Market by Fuel Type
Inverter Generator Market by Application
Inverter Generator Market by Size Type
Inverter Generator Market – Dynamics
In 2019, the demand for inverter generators accelerated with the increasing use of smartphones and other electronic devices. Appliances that work on inverter generator include electric griddle, small refrigerators, microwaves, food processors, crock-pot, game consoles, blenders, TV, radio, phone/tablet chargers, among others. Most of the electronic appliances used for recreational activities run with the help of invertor generators. Therefore, the increase in recreational activities such as camping and music festivals in regions such as North America and Europe has accelerated the demand for invertor generators. Invertor generators are highly used during tailgating activities. North America is the largest market for tailgating activities. For instance, around 50 million people tailgate annually in North America.
Key Drivers and Trends fueling Market Growth:
Inverter Generator Market – Geography
Portable generators, which are referred to as engine-generators, provide electricity to crucial applications during power shortages. These generators are witnessing increased application in places with frequent power outages. Homes, corporate buildings, restaurants, and construction sites are the major end-users for portable generators. Several factors are currently driving the growth of the inverter generator market in North America. Inverter generators are economical and efficient substitutes for fuel-based generators. The installation and operation costs are low, making them an ideal choice at homes, businesses, and campsites. The demand for portable generators is increasing across the world due to the growing dependency on interconnected technology systems.
By Geography
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