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Diesel Fueled Air Cooled Home Standby Gensets Market Trends

Report ID: GMI12785
Published Date: Dec 2024
Report Format: PDF

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Diesel Fueled Air Cooled Home Standby Gensets Market Trends

Rising consumer awareness toward energy-efficient energy systems in tandem with a growing shift toward integration of renewable energy systems will proliferate the business prospects. Strong focus on energy security and resilience combined with the widespread adoption of reliable power sources will further escalate the demand for home standby gensets. Additionally, the continuous innovation in digital technologies coupled with incorporation of remote monitoring capabilities will energize the product penetration.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of diesel-fueled air-cooled home standby gensets reached USD 1.8 billion in 2024 and is set to grow at a CAGR of 6.5% from 2025 to 2034, driven by increasing concerns over power outages and natural disasters.

The >10 kVA - 15 kVA rated segment is expected to exceed USD 2 billion by 2034, supported by advancements in smart load management systems and rising demand for compact, space-saving units.

The U.S. market is projected to surpass USD 650 million by 2034, fueled by frequent power outages, extreme weather events, and rising adoption of low-emission diesel technologies.

Key players in the market include Ashok Leyland, Caterpillar, Generac Power Systems, Gillette Generators, HIMOINSA, Hipower, Kirloskar, Mahindra Powerol, Pinnacle, Powerica, PR Industrial, Prakash, Sudhir Power, Sunbeam, and Yanmar.