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Air Cooled Home Standby Gensets Market Size

Report ID: GMI5625
Published Date: Nov 2024
Report Format: PDF

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Air Cooled Home Standby Gensets Market Size

The global air cooled home standby gensets market was valued at USD 4.3 billion in 2024 and is estimated to grow at a CAGR of 6.6% from 2025 to 2034. The growing frequency of power outages owing to extreme weather-related events with heat waves has significantly heightened consumer awareness toward reliable backup power solutions. The growing dependence on electrical and electronic equipment to support daily operations across a broad range of applications will drive the adoption of the product.

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Air-cooled home standby generators are vital backup power systems designed to provide electricity to homes during outages. Government policies, regulations, and initiatives aimed at improving disaster preparedness and promoting environmental sustainability are set to strengthen the industry outlook. Additionally, incentives with tax credits and rebates for installing generators combined with the growing demand for high-efficiency & low-emission systems will accelerate the business potential.

Air Cooled Home Standby Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2024
Air Cooled Home Standby Gensets Market Size in 2024:	USD 4.3 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	6.6%
2034 Value Projection:	USD 8.2 Billion
Historical Data for:	2021 - 2024
No. of Pages:	140
Tables, Charts & Figures:	40
Segments covered:	Power Rating, Fuel, Phase and Region
Growth Drivers:	Surging intensity of weather-related disasters Increasing investments across the real estate sector Unreliable grid infrastructure and refurbishment of T&D networks Rapid urbanization and increasing consumer propensity
Pitfalls & Challenges:	High operation & maintenance cost Large scale integration of renewable based power generation

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for air-cooled home standby gensets was reached USD 4.3 billion in 2024 and is estimated to grow at a CAGR of 6.6% from 2025 to 2034, driven by the increasing frequency of power outages due to extreme weather events.

The > 10 kVA - 15 kVA air-cooled home standby gensets market is projected to reach USD 2 billion by 2034, fueled by consumer preference for portable systems with minimal surface footprint.

The single-phase air-cooled home standby gensets market is projected to grow at a CAGR of over 6% through 2034, led by their consistent power supply, high flexibility, and material efficiency.

The U.S. air-cooled home standby gensets market is projected to surpass USD 2.5 million by 2034, led by the expansion of residential developments and the rising demand for reliable power supply.

Key players in the air-cooled home standby gensets market include Ashok Leyland, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Eaton, Generac Power Systems, HIMOINSA, Kirloskar, Kohler, Mahindra Powerol, Pinnacle Generators, PR Industrial srl, Prakash, and Sichuan XinYici Power Machinery.