Home > Energy & Power > Electrical Equipment > Generator Sets > Air Cooled Single Phase Home Standby Gensets Market

Air Cooled Single Phase Home Standby Gensets Market Trends

Report ID: GMI9791
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of air cooled single phase home standby gensets was reached USD 2.6 billion in 2023 and is projected to expand at 6.7% CAGR from 2024 to 2032, led by the increasing need for dependable backup power solutions.

The > 10 kVA - 15 kVA power rating segment in the air cooled single phase home standby gensets industry is projected to account for more than USD 2 billion by 2032, owing to the increasing occurrence of severe weather induced blackouts.

The diesel fuel segment in the air cooled single phase home standby gensets market is projected to grow at over 6% CAGR between 2024 and 2032, owing to their high efficiency and reliability as a power solution.

Asia Pacific air cooled single phase home standby gensets market is projected to surpass USD 1.5 billion by 2032, led by the significant investments in housing sector along with the launch of supportive government initiatives.