Industry and News Inverter Generator Market | Page 2

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.
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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.