Global Inverter Generators Market: Report Based on Development, Scope, Share, Tr – openPR

The global inverter generator market is estimated to record a substantial CAGR of 5.5% during the forecast period (2021-2027). Over the next few years, the demand for uninterruptible power supply is likely to increase the demand for inverter generators. There is growth in the pattern of recognizing these systems as essential power backup devices for performing several tasks effectively and efficiently. The market is likely to witness high demand for inverter generators for several end-users such as recreation, camping, and tailgating.
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Further, there is an increase in the frequency of weather and non-weather-related power outages. Heat waves, heavy rains, and winter storms are among the leading causes of large-scale power outages around the globe. Across the US, particularly in the Mid-west and Eastern regions, a majority of transmission and distribution networks remain above the ground, increasing their susceptible to natural calamities, such as high wind, storms, cyclones, and snowstorms.

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Outdoor learning has also increased the demand for camping equipment including invertor generators. In Europe, digital revolution has affected creativity, empathy, and innovation in kids. Outdoor learning is thus catching up and parents in Europe are sending their kids to nature schools. This is particularly popular in countries such as Scotland, Denmark, and Scandinavia where the schools have gained the support of local councils. These trends and efforts are driving up the commercial sales of camping equipment including invertor generators.

Market Coverage

Market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered- by Fuel Type, Application, and Size Type
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Briggs & Stratton, LLC; Generac Power Systems, Inc.; Honda Motor Co., Ltd.; Stanley Black & Decker, Inc.; and Westinghouse Electric Corp.

Global Inverter Generators Market Report Segment

By Fuel Type

Gas-powered
Battery-powered
Propane-powered
Mixed/Hybrid Fuel
Solar-powered

By Application

Camping & Recreation
Emergency Use & Home Standby
Jobsite & Construction

By Size Type

Recreation
Medium-sized
Large-sized

Global Inverter Generators Market Report Segment

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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This release was published on openPR.

Source: https://www.openpr.com/news/2289128/global-inverter-generators-market-report-based

May 24, 2021 susan ward