Inverter Generator Market Growth Factors, Trends and Forecast Report to 2021

Global Inverter Generator Market is segmented on the basis of type, power rating, application, end user and geography. Generator converts its mechanical energy into electricity by electromagnetic induction. An inverter generator is specially designed to produce more AC current per engine rotation but not in the direct form. Inverter generators made from advanced electronic circuitry and high tech magnets. These are normally 3-phase generators wherein output AC current is converted to DC current. Inverter generators work in two steps. At the first step, they produce DC power and at the second step they convert it into an alternating current (AC) through a microprocessor controlled inverter. These generators are run at a constant speed.

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The major driver of the inverter generator market is the increase in the use of wind energy. Due to depleting straight sources of energy and growing concerns about greenhouse gas (GHG) emissions; countries around the world are shifting their focus toward the use of renewable sources for generating power. Prominent factors that play an important role in the growth of inverter generators market are high quality power output, higher fuel efficiency, lighter, smaller size, quiet operation, efficiency saves fuel, ability to reduce emissions & noise levels, and parallel capability.

The key target audiences of the inverter generator market are raw material suppliers, generator sets component manufacturers, inverter generator manufacturing companies, institutional investors, national & local government organizations, government & research organizations and associations. Based on type, the inverter generators market is segmented into diesel, gas, bi-fuel, dual fuel, alternative fuel gensets and so on.

Based on power rating, the inverter generator market is segmented into below 100 kVA, 100-350 kVA, 351-1,000 kVA, above 1,000 kVA, and so on. Based on application, the inverter generators market is segmented into standby backup power, prime continuous power, and peak shaving power, UPS, motor drive, renewable energy, and so on. The segment “motor drive” is dominated by large share in the inverter generators market in 2016. This segment is characterized by the rising demand and use of electric motors in motor vehicles, aerospace, household appliances, industrial, mechanical and hydraulic motors.

Based on end user, the inverter generators industry is segmented into industrial, commercial, residential, and so on. Based on geography, the inverter generators industry is segmented into Asia Pacific, North America, Europe, Middle East & Africa and Latin America. Asia Pacific accounts for the largest share of the inverter generators industry and is expected to grow in future. In wind, solar, manufacturing, electric vehicles (EV), and industrial sector, the increasing use of inverter generators are the major factors responsible for the growth of the inverter generators in this region.

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Key players operating in the inverter generators industry are Yamaha, BB, Bonfigliolo, SMA Solar Technology, Honda, Hyundai, Champion, Schumacher Electric, Ryobi, Lifan, Westinghouse, Mitsubishi Electric, ALSTOM, Danfoss, KACO New Energy, Delta Electronics, Generac Power Systems, Eaton, Power One Micro Systems, OMRON, Enphase Energy, Fronius International, TABUCHI ELECTRIC, Advanced Energy Industries, Huawei Technologies, Sungrow, Briggs & Stratton, AIMS Power, Whistler, Energizer, Porta Source and Cobra.

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