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Air Cooled Home Standby Gensets Market Trends

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

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Air Cooled Home Standby Gensets Market Trends

The rising demand for an uninterrupted power supply along with prolonged underinvestment in transmission and distribution (T&D) infrastructure, has intensified pressure on power grids, driving the demand for home standby gensets. The electrical networks remain highly susceptible to widespread blackouts caused by factors including cyber-attacks and cascading failures, creating significant business opportunities. Additionally, growing consumer preference for enhanced reliability and zero downtime will further support the industry growth.

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.