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Air Cooled Three Phase Home Standby Gensets Market Trends

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

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Air Cooled Three Phase Home Standby Gensets Market Trends

Ongoing construction activities in residential properties including apartments, single-family homes, and housing complexes will enhance the business outlook. Growing awareness of resilience and energy security in conjunction with the adoption of dependable power sources will shape the industry landscape. The integration of remote monitoring capabilities in gensets and the expansion of residential developments will propel the business growth. Furthermore, technological advancements in generators through digitalization and IoT integration will stimulate the demand for home standby gensets.

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.