Increasing Consumption of Renewable Resources is Solidifying the Asia-Pacific Inverter Generators Market

The Asia-Pacific inverter generator market is estimated to witness a CAGR of 6.2% during the forecast period (2021-2027). Along with the rising consumption of renewable resources, the demand for renewable-energy based inverter generators is also increasing. As the willingness to shift from conventional to renewable energy is increasing, the Asia-Pacific region is expected to turn into a potential market for inverter generators. Change in customer preferences and increasing usage of smartphones have reinforced the growth of the 3.5–5 kVA portable generators market. These generators efficiently address the requirements of consumers, primarily in the residential sector. In addition, these generators are likely to witness higher adoption as they are compact, and suitable to preform industrial operations.

Browse the full report description Asia-Pacific Inverter Generators Market Size, Share & Trends Analysis Report by Fuel Type (Gas-powered, Battery-powered, Propane-powered, Mixed/Hybrid Fuel, and Solar-powered), by Application (Camping & Recreation, Emergency Use & Home Standby, and Jobsite & Construction), and by Size Type (Recreation, Medium-sized, and Large-sized) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/asia-pacific-inverter-generators-market

Increasing demand for power across emerging nations such as China, Japan, India, Australia, and South Korea will propel the demand for inverter generators. South Asian countries are inflicted by power outages that last for several days. Over 1/4th of the world's off-grid population resides in South Asia where power distortions account for 4-7% of the GDP a year. Therefore, the rising emphasis on meeting the region's power requirements is anticipated to drive the growth of the inverter generator market.

Further, the need to increase grid system capacities and the readiness for variable renewable energy integration remain major constraints. Large and flexible systems with rapid scheduling are required to rescale variable renewable energy. The region has shown significant progress in incorporating renewables beyond the facility sector. This is expected to drive the expansion of the solar energy inverter generator market during the forecast period.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered- by Fuel Type, Application, and Size Type
• Countries Covered- China, India, Japan, and Rest of Asia-Pacific
• Competitive Landscape- Briggs & Stratton, LLC.; Champion Power Equipment; China National Machinery Industry Corp.; Generac Power Systems, Inc.; and Honda Motor Co., Ltd.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Inverter Generator 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

Asia-Pacific Inverter Generator Market Report Segment

• China
• India
• Japan
• Rest of Asia-Pacific