Press release
Asia-Pacific Inverter Generators Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
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.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/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.
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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.
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
Company Profiles
• Briggs & Stratton, LLC.
• Champion Power Equipment
• China National Machinery Industry Corp.
• Energizer
• Ford Motor Company
• Generac Power Systems, Inc.
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Powerbuilt
• Whistler Group
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-inverter-generators-market
Media Contact:
Company name: Orion Market Research
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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