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Air Cooled Three Phase Home Standby Gensets Market Size

Report ID: GMI9541
Published Date: Nov 2024
Report Format: PDF

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Air Cooled Three Phase Home Standby Gensets Market Size

The global air cooled three phase home standby gensets market was valued at USD 1.54 billion in 2024 and is estimated to grow at a CAGR of 6.4% from 2025 to 2034. The growing demand for energy reliability coupled with rapid adoption of these gensets in residential applications will propel the industry landscape. The increasing frequency of severe weather-related events in line with rising government incentives for backup power installations will proliferate the business scenario.

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Air-cooled three phase home standby generators are essential backup power solutions engineered to supply electricity to residences during outages with an air-cooled engine for reliable performance. Government-driven policies, regulations, and programs focused on enhancing disaster readiness and environmental sustainability will elevate the business outlook. Moreover, incentives including rebates and tax credits for standby generator installations along with rising demand for highly efficient, low-emission systems will foster the demand for three phase home standby gensets.

Air Cooled Three Phase Home Standby Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2024
Air Cooled Three Phase Home Standby Gensets Market Size in 2024:	USD 1.54 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	6.4%
2034 Value Projection:	USD 2.87 Billion
Historical Data for:	2021 - 2023
No. of Pages:	105
Tables, Charts & Figures:	40
Segments covered:	Power Rating, Fuel, and Region
Growth Drivers:	Surging intensity of weather-related disasters Unreliable grid infrastructure and refurbishment of T&D networks Rapid urbanization and increasing consumer propensity
Pitfalls & Challenges:	High operation & maintenance cost

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for air-cooled three-phase home standby gensets was reached USD 1.54 billion in 2024 and is estimated to grow at a 6.4% CAGR from 2025 to 2034, driven by increasing demand for energy reliability and residential adoption.

The > 10 kVA - 50 kVA power rated segment is projected to exceed USD 1.3 billion by 2034, led by the need for backup power during weather-induced blackouts and advancements in noise reduction and engine efficiency.

The gas-fueled segment is expected to grow at a CAGR of over 7% through 2034, fueled by lower emissions of particulate matter and NOx, abundant natural gas availability, and stringent carbon emission regulations.

The U.S. market for air-cooled three-phase home standby gensets is set to surpass USD 1 billion by 2034, propelled by the expansion of genset manufacturing capacity and increasing awareness of energy-efficient products.

Key players in the industry 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.