In North America, the gas-powered inverter generators accounts to the largest contributor in the global inverter generator market in terms of revenue and unit shipment.
According to the latest Arizton's market research report, the global inverter generator market size to be valued at USD 2.8 billion by 2025, growing at a CAGR of over 6% during the forecast period.
Global Inverter Generator Market Growth
The demand for uninterruptible power supply is expected to witness substantial growth in the global inverter generator market over the next few years. Inverter generators have a higher fuel efficiency than their conventional fuel-powered counterparts. Easy availability of fuel in the geographical region is one of the key growth factors for the global inverter generator market. Stringent environmental regulations for limiting carbon emissions are major factors restraining market growth. The rising occurrence of power outages has propelled the demand for portable inverter generators.
Use of Biofuels for Generating Power
The growing awareness of global warming is fueling the demand for inverter generators powered by biofuel, a sustainable energy source. The global inverter generator market is witnessing high usage of the biofuel-based inverter generators in camping and other recreational activities as people are going for camping mostly concerned about environment and tend to use biofuel-based inverter generators. Most of the countries are shifting from diesel or coal-based fuel sources to environment friendly fuel sources because of rising pollution and health risk.
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by fuel, application, size type, and geography
- Competitive Landscape – 6 Key Company Profiles and 17 Other Prominent Vendors
Global Inverter Generator Market – Geographic Analysis
In North America, the gas-powered inverter generators accounts to the largest contributor in the global inverter generator market in terms of revenue and unit shipment. Portable generators are suitable for places where power outages are frequent to keep essential devices running in homes, corporate buildings, restaurants, construction sites, and among others in the region. Additionally, Europe is likely to witness high growth with rising number of camping activities that will result in incremental revenue growth in the region. The steady proliferation of electronics into consumer lifestyle among Europeans is breathing new life into the global inverter generator market as people need power everywhere to charge their electronics.
The global inverter generator market is characterized by low market concentration and are high competition among the players. This scenario is driving vendors to change and refine their unique value proposition to attain a powerful market presence. The global inverter generator market can be described by the presence of diversified global and regional vendors. Many international vendors are expected to expand their reach worldwide during the forecast period. The constant incorporation of technological innovations in products by global and domestic leaders is expected to intensify the competition among manufacturers in the global inverter generator market.
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