Air Cooled Single Phase Home Standby Gensets Market Size – By Power Rating (≤ 10 kVA, > 10 kVA - 15 kVA, > 15 kVA - 20 kVA, > 20 kVA), By Fuel (Diesel, Gas), By Regional Outlook & Forecast, 2024 – 2032

Air Cooled Single Phase Home Standby Gensets Market Size

Air Cooled Single Phase Home Standby Gensets Market was valued at USD 2.6 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2032. The increasing need for dependable backup power solutions along with swift uptake of air-cooled gensets in residential settings will foster the industry growth. Continuous construction activities across various residential properties including apartments, single-family homes, and housing complexes will further boost the business scenario.
 

Air cooled single phase home standby generators are backup power systems designed to provide electricity to residential properties during outages and utilizing air to cool the engine. Government subsidies, regulations, and initiative focused on enhancing disaster preparedness, energy security, and environmental sustainability are crucial factors, thereby augmenting the market growth. Supportive incentives including rebates or tax credits for installing of home standby gensets coupled with the rising demand for highly efficient units with lower emissions will enhance industry scenario.
 

Air Cooled Single Phase Home Standby Gensets Market Trends

The increasing focus on environmental sustainability combined with the shift toward renewable energy sources will accelerate the business outlook. Rising awareness of resilience and energy security along with the adoption of cleaner fuel source including natural gas will shape the industry landscape. Additionally, the growing integration of remote monitoring capabilities in generators sets in conjunction with surging residential infrastructure activities will accelerate industry growth. Ongoing technology advancements in generators technology including digitalization technologies and integration of IoT systems will positively sway the business landscape.
 

Air Cooled Single Phase Home Standby Gensets Market Analysis

The > 10 kVA - 15 kVA rated air cooled single phase home standby gensets industry size will reach over USD 2 billion by 2032. The increasing occurrence of severe weather induced blackouts in line with a growing reliance on backup power solutions to maintain daily operations will stimulate the need for these units. Ongoing technological advancements especially in engine improvements and noise reduction will influence the industry size. Furthermore, supportive regulatory frameworks aligned with rising demand for single phase power in residential establishment will propel the product deployment.
 

The diesel air cooled single phase home standby gensets market size will witness a growth of over 6% through 2032, owing to their high efficiency and reliable power solution. Rapid population growth coupled with strict government regulations and measures will further complement the industry outlook. Homeowners are investing in standby gensets to protect their families and home from the inconvenience and potential dangers of power outages will proliferate the business potential. Additionally, the growing emphasis on environmental sustainability combined with the need to maintain continuity of essential services during power outages will drive the adoption of these units.
 

Asia Pacific air cooled single phase home standby gensets market is set to surpass USD 1.5 billion by 2032. Significant investments in housing sector along with supportive government initiatives will energize the business landscape. Ongoing technological advancements that enable remote operation with smart home systems in line with rising consumer demand for reliable power supply solutions will further boost the industry growth. Moreover, the incorporation of smart technologies including remote monitoring, automatic load management, and predictive maintenance will enhance the business outlook.
 

U.S. air cooled single phase home standby gensets market is poised for significant growth owing to their high efficiency and increasing adoption of smart technology systems. Rising number of residential buildings coupled with stringent emission standards to curb carbon footprints will sway the product penetration. In addition, rapid expansion and renovation of high-end residential properties equipped with advanced electrical systems, home-based businesses, or large appliances will enhance the industry dynamics.
 

Air Cooled Single Phase Home Standby Gensets Market Share

Briggs & Stratton Corporation designs, markets, services & manufactures gasoline engines and generator sets for outdoor power equipment. The company’s business is organized into two segments: engines and products. It offers pressure washer, power generation, turf care, lawn & garden, and job site products under different brand names including Briggs & Stratton, Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco, and Victa.
 

Air Cooled Single Phase Home Standby Gensets Market Companies

Some major players operating in the air cooled single phase home standby gensets industry is mentioned below:

• Ashok Leyland
• Briggs & Stratton
• Caterpillar
• Champion Power Equipment
• Cummins Inc.
• Eaton
• Generac Power Systems, Inc.
• HIMOINSA
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• PINNACLE GENERATORS
• PR INDUSTRIAL srl
• Prakash
• Sichuan XinYici Power Machinery Co., Ltd.
   

Air Cooled Single Phase Home Standby Gensets Industry News

• In July 2023, Kohler Co. introduced its new 26 kW air cooled home standby gensets, enhancing its portfolio of air-cooled backup power solutions for residential use. This genset is featuring automatic operation and seamlessly utilizing the home’s existing fuel sources including propane or natural gas ensuring continuous and hassle-free power during outages.
   
• In January 2023, Generac Power Systems announced that its entire line of cellular and Wi-Fi enabled home standby gensets integrated with the advanced ecobee smart thermostats, forming a unified energy management hub for the home. This integration allowed homeowners to manage home energy via a single, user-friendly interface. In addition, this launch has fostered the company’s home standby gensets market share.
   

This air cooled single phase home standby gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 10 kVA
• > 10 kVA - 15 kVA
• > 15 kVA - 20 kVA
• > 20 kVA

Market, By Fuel

• Diesel
• Gas
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Türkiye
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile