Top 6 Vendors in the Global Inverter Generator Market

18 January 2021

The global inverter generator market competition is expected to strengthen with product extension, growth in technological innovations, and increase in merger and acquisition activities. As per Arizton recent market research, the global players would grow inorganically by acquiring regional or local players in the future. The outbreak of COVID-19 will have a positive impact on the global inverter generator market. Global brands are introducing features such as longer operation duration and sensor technologies to read the temperature of the surface and adjust it automatically with changing distance. The global inverter generator market players are engaged in developing products with advanced features such as IoT connectivity and emission detection systems.

The global inverter generator market size to cross USD 2.8 billion by 2025, growing at a CAGR of around 6% during 2020-2025

Read: Inverter Generator Market Global Outlook and Forecast 2020-2025

Top 6 Vendors Functioning in the Global Inverter Generator Market Below:

  1. Stanley Black & Decker

Stanley Black & Decker company provides storage ideas, batteries, and accessories to increase the penetration level. The company sells its inverter generators under the brand name DeWalt. The company is continuing to leverage its operating model to gain, share, and achieve above-market growth.

Key Strategy: Customized offerings and solutions specifically for the niche and growing markets is contributing to the success of the company.

  1. Generac

Generac features a full line of innovative, industry-leading power washers suitable for virtually any application, including the toughest commercial and industrial environments. Generac began providing energy storage systems as a clean energy solution for residential use that captures and stores electricity from solar panels or other power sources and help to reduce home energy costs while also protecting homes from brief power outages.

Key Strategy: The company maintains one of the leading market positions in the power equipment market in North America and an expanding presence internationally.

Read: Investment Casting Market Global Outlook and Forecast 2020-2025

  1. Honda Motor Company

Honda Motor Company is among the world’s largest engine manufacturer because of its strong emphasis on R&D and in-house technical innovation. The company also leads in manufacturing and marketing a range of portable generators, water pumps, tillers, and general-purpose engine.

Key Strategy: Honda is making active efforts in developing new applications for its General-Purpose Engines (GPE).

  1. Briggs & Stratton Corporation

In 2014, the Briggs & Stratton Corporation acquired Allmand, a leading designer and manufacturer of high quality towable light towers, industrial heaters, and solar LED arrow boards. The company purchases certain parts such as piston rings, spark plugs, valves, ductile and grey iron castings, plastic components, some stampings, and screw machine parts and smaller quantities of other components.

Key Strategy: The company uses merger and acquisition strategy to diversify strategically within both its product portfolio, to expand into commercial and rental markets, and geographical footprint and break into new markets to drive profitable sales growth.

Read: Machine Tools Market Global Outlook and Forecast 2021-2026

  1. Westinghouse Electric Company

The company also boasts pretty much all the technologies that are expected in a modern power engine. Westinghouse generator engines are designed in the USA but manufactured in China.

Key Strategy: Westinghouse Electric Company sells many products to capture a larger customer base and advertising strategies to market its products.

  1. Champion Power Equipment

Since 2003, Champion Power Equipment has earned a reputation for designing and producing the market’s finest power equipment. The product portfolio of the company includes portable generators, home standby generators, inverter generators, engines, winches, and log splitters.

Key Strategy: Champion Power Equipment focuses on anticipating its customer’s needs by providing innovative, beneficial new products, and new product enhancements.

Read: Hand Tools Market Global Outlook and Forecast 2020-2025

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