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Air Cooled Single Phase Home Standby Gensets Market Size
- Report ID: GMI9791
- Published Date: Jun 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Air Cooled Single Phase Home Standby Gensets Market Size in 2023: | USD 2.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 4.7 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Power Rating, Fuel & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Air Cooled Single Phase Home Standby Gensets Market Scope
