Gas Fired Air Cooled Home Standby Gensets Market Size – By Power Rating, By Phase, Analysis, Share, Growth Forecast, 2025 – 2034

Gas Fired Air Cooled Home Standby Gensets Market Size

The global gas fired air cooled home standby gensets market size was valued at USD 1.7 billion in 2024 and is expected to reach USD 3.6 billion by 2034, growing at a CAGR of 7.6% from 2025 to 2034. The increasing demand for reliable and efficient backup power solutions in line with the growing adoption of gas fueled air-cooled gensets in residential establishment will complement the industry landscape.
 

Continuous expansion and construction activities in residential properties including apartments, single-family homes, and housing complexes will influence business potential. Rapid demand for electricity together with rising frequency of weather events in key emerging markets will propel industry growth.
 

Gas fired air cooled home standby gensets are backup power systems designed for residential use, which run on natural gas or propane. These generators are equipped with an air cooling mechanism, where fans are used to dissipate heat from the engine. Furthermore, these units play a critical role and making an ideal solutions for regions prone to grid failure, wildfires, and hurricanes.
 

Government subsidies, initiatives programs, and supportive regulations pertaining toward energy security, environmental sustainability, and disaster preparedness are the key factors which will accelerate the market growth. Favorable incentives including rebates and tax credits for the installation and deployment of home standby gensets along with rising demand for lower emissions and highly efficient units will propel the industry scenario.
 

Gas Fired Air Cooled Home Standby Gensets Market Trends

The growing emphasis on technological advancements in conjunction with the transition toward integration of renewable energy sources will augment business outlook. Increasing adoption of cleaner and low emission including natural gas coupled with rising awareness of energy security and resilience will proliferate the business scenario.

In addition, growing integration of remote monitoring and IoT technologies in generators sets along with surging residential infrastructure will positively sway the industry outlook. Continuous expansion and development of high-end complexes in residential sector coupled with increasing growth of urban and suburban areas will encourage the product deployment.
 

Surging emphasis on energy security propelled by utility disruptions in key geographies will foster the industry penetration. Homeowners are prioritizing their choices by adopting fuel efficient and cost-effective solutions, which is more economical as compared to other alternatives will positively influence the gas fired air cooled home standby genset market expansion.
 

These gensets has various features comprising of improved long-term affordability, extended runtimes, and less maintenance costs, thereby proliferating the product adoption. Rising incorporation of these systems with smart monitoring capabilities and IoT technologies, which enables homeowners to map their gensets track record via mobile apps, ensures seamless automatic operation, and proactive maintenance will drive the business growth.
 

Ongoing government policies and incentives toward adoption of low emission and energy efficient backup power solutions in association with substantial investment in gas based systems will create favorable industry opportunities. Moreover, growing deployment of automated technologies into these units that restore power without need of manual intervention and detect outages, which in turn will fortify the product penetration.
 

Gas Fired Air Cooled Home Standby Gensets Market Analysis

• The gas fired air cooled home standby gensets industry was estimated at USD 1.5, 1.6, and 1.7 billion in 2022, 2023 and 2024, respectively. Growing expansion and adoption of noise reduction, air cooled models & compact units in line with increasing focus on space saving options will drive the industry landscape.
   
• Based on power rating, the industry is segmented into ≤ 10 kVA, > 10 kVA - 15 kVA, > 15 kVA - 20 kVA, and > 20 kVA. The > 10 kVA - 15 kVA rated gas fired air cooled home standby market will exceed USD 1 billion by 2034. The increasing incidence of severe weather-related power outages combined with the growing reliance on backup power systems to maintain daily operations will drive the demand for these units.
   
• The ≤ 10 kVA rated gas fired air cooled home standby genset market will witness growth rate of over 8% through 2034. Ongoing technological advancements, especially in engine improvements and noise reduction will contribute to the industry outlook. Additionally, supportive regulatory frameworks in line with the rising demand for smart home power solutions in residential settings will facilitate product deployment.
   
• For instance, in January 2025, the Department of National Defence through the Canadian Forces Housing Agency (CFHA), will build 668 new RHUs and upgrade more than 600 existing RHUs across the country over the next five years. As stated in the renewed Defence policy, Our North, Strong and Free, the construction of the new RHUs is part of a much larger initiative which spans over 20 years with an investment of USD 1.4 billion.
   
• The > 15 kVA - 20 kVA rated gas fired air cooled home standby genset market was observed USD 400 million in 2024. These rated systems provide sufficient power need for mid to large residential properties, ensuring efficient power for HVAC systems, essential appliances, and security features. Additionally, the rapid growth of upscale and suburban residential communities paired with increasing demand for high capacity power output sources will amplify the product portfolio.
   
• The > 20 kVA rated gas fired air cooled home standby genset holds a market share of 20% in 2024. Continuous innovation in gensets units including equipped with digital technologies, remote monitoring systems, Wi-Fi enabled, and automated transfer switches will bolster the deployment of these systems.
   

• Based on phase, the gas fired air cooled home standby genset market is segmented into single phase and three phase. The three phase gas air cooled home standby genset market dominated 83.3% revenue share in 2024. The industry has experienced significant growth on account of increasing urbanization, technological advancements, the need for reliable power solutions.
   
• For instance, in December 2024, Embraed is partnering with Armani/Casa to introduce their first real estate project in southern Brazil with the luxury development. Balneário Camboriú is projected to have 113 residential units of which 31 will be ultra luxury apartments, each with private pools, gardens and flexible designs. Moreover, the expected sales price at completion in 2026 is estimated to be USD 255 million with the apartments of the residential units ranging from 1,100 square meters.
   
• The single phase gas fired air cooled home standby genset market will exceed USD 550 million in 2034. Aging existing electrical grid network coupled with rising investment by the key industry players toward standby power solutions for residential settings will boost the business landscape. In addition, government programs aimed at improving electrical infrastructure and promoting smart city projects, thereby propelling industry scenario.
   

• The U.S. gas fired air cooled home standby genset market was valued at USD 536.3, 582.9, and 631.3 million in 2022, 2023 and 2024, respectively. The country will project USD 1 billion in 2034. Increasing number of residential developments along with rigorous carbon emission standards will facilitate the product penetration. Furthermore, the burgeoning expansion and renovation of upscale residential properties with large appliances and advanced electrical systems will foster industry dynamics.
   
• For instance, in February 2025, Governor Kathy Hochul announced commence of construction on 1760 Third Avenue in East Harlem as the first residential project that is being financed by her USD 1 billion mental health initiative. This is an East Harlem project which has made provisions for 433 units of supportive housing.
   
• The North America gas fired air cooled home standby genset market is set to surpass USD 1.5 billion by 2034. Significant investments in the housing sector coupled with favorable government initiatives will stimulate the industry potential. Additionally, the incorporation of smart technologies comprising of predictive maintenance, remote monitoring, and automatic load management will complement the business dynamics.
   
• For citation, in April 2024, the U.S. General Services Administration has allocated USD 23.8 million for 13 federal buildings in 10 states under the Good Neighbor Program. This was part of the President Biden’s Investing in America initiative. The projects funded by the IRA; America’s largest climate investment ever will further enhance the facilities of the federal buildings identified in partnership with the local communities.
   
• The Europe gas fired air cooled home standby genset market captured 20% revenue share in 2024. The region is observing rapid growth propelled by escalating investment in standby units to protect against power fluctuations caused by supply disruptions, energy rationing, and extreme weather.
   
• For instance, in 2023, Action Logement secured 30,000 units and Caisse des depots purchased an additional 17,000 homes under USD 9.57 billion investment effort. These steps have further expanded access to affordable housing and promote urban development.
   
• The Asia Pacific gas fired air cooled home standby genset was reached over USD 400 million in 2024. Ongoing technological advancements that enable remote operation access and seamless integration with smart home systems along with the increasing consumer demand for reliable power supply solutions will further boost industry growth.
   
• For reference, in February 2025, the Korea Land and Housing Corporation announced that it will pursue the largest oversea project this year, one that is worth 27,000 units and USD 5.5 billion.
   
• The Middle East gas fired air cooled home standby genset market will projected to witness more than 9% CAGR through 2034. The region is experiencing substantial surge owing to high electricity demand during summer months. Surging occasional power outages and rising grid load in the region will stimulate the demand for efficient backup solutions.
   
• For reference, in February 2025, Ajdan Real Estate Company has announced its new residential project “Raseen Rejan Hills” . Under this project, Ajdan will be developing luxury residential units in the Khuzam area of NHC’s “Rejan Hills” compound. Ajdan is partnering with Retal Urban Development to bring this unprecedented project to fruition. The proposed development will cater to the needs of Saudi families, providing them with a premium residential area.
   
• The Africa gas fired air cooled home standby genset market will surpass USD 70 million by 2034. Growing expansion of natural gas exploration activities in association with need for distribution network across the region will complement the business growth. The region is observing extreme weather pattern comprising of heavy rainfall, storms, and heatwaves, thereby proliferating the adoption of these units.
   
• For instance, in February 2025, Nedbank Capital expenditure has announced 34 new mega projects which accounted USD 54 million. Along with, through public corporations, they also indicated initiatives worth USD 8.1 billion, which represents approximately 33% of the total. This was well up from the USD 1.9 billion announced in the previous year.
   
• The Latin America gas fired air cooled home standby genset market was valued over USD 80 million in 2024. Surging urban expansion and middle class income along with burgeoning demand for eco-friendly solutions & low noise systems will propel the investment in residential establishments. Supportive government policies toward promoting sustainable and cleaner energy solutions will boost the business landscape.
   
• For reference, in January 2025, in Brazil, the construction of Vila Mariana Casimiro da Rocha Residential Complex is officially started in quarter 4 in 2024. This project will provide an advanced residential facilities in Vila Mariana District, which is designed to provide a premium living space.
   

Gas Fired Air Cooled Home Standby Gensets Market Share

• The top 5 players including Briggs & Stratton, Kirloskar, Champion Power Equipment, Generac Power Systems, and Mahindra POWEROL together holds share of about 40% in the gas fired air cooled home standby gensets industry. The industry is gaining market share through the distribution innovation, increases in customer relations, and innovation within these gensets.
   
• Generac Power Systems is bolstering its market dominance in home standby generators by technological innovation, diverse distribution strategies, and strong brand equity. Furthermore, they continue to enhance their smart home integration by allowing remote monitoring and control of the generator using Wi-Fi and mobile applications.
   
• Cummins has been improving their brand reputation for reliability, services, global engineering, and advanced engineering systems. The company is also focusing on the improvements of fuel emissions and efficiency which will make gas-fired home standby gensets more acceptable to eco-friendly homeowners.
   

Gas Fired Air Cooled Home Standby Gensets Market Companies

• Cummins recorded net sales of USD 34.1 billion in 2024. The sales of the power system segment reached USD 1.7 billion, which was up 22 % from last year. Revenue for North America increased by 42 from the expanding power generation systems market.
   
• Generac Power Systems grew to USD 4.3 billion in 2024, up from USD 4 billion last year. The domestic segment has grown, from dollar 891 million to 1.07 billion which is a growth of twenty percent, including one percent from acquisitions.
   
• Caterpillar revenue recorded USD 64.8 billion in 2024. The company’s Power Generation division reported sales for the last quarter of 2024 was USD 2.24 billion while for the last quarter of 2023 the organization reported sales of USD 1.83 billion, which are earned from all important areas.
   

Major players operating in the gas fired air cooled home standby gensets market are:

• Briggs & Stratton
• Caterpillar
• Champion Power Equipment
• Cummins
• Eaton
• Generac Power Systems
• HIMOINSA
• Kirloskar
• Mahindra POWEROL
• PINNACLE GENERATORS
• PR INDUSTRIAL
• Prakash
• Rehlko
• Sichuan XinYici Power Machinery
• Sommers Generator Systems
   

Gas Fired Air Cooled Home Standby Gensets Industry News

• In May 2024, Briggs & Stratton introduced a 26 kW PowerProtect home standby gensets with most and longest warranty along with deliver greater motor starting power. This generator is more powerful with 65.6 kVA of motor starting capability. Moreover, it ensures a smooth startup of large appliances including refrigerators and air conditioners.
   
• In March 2024, HIMOINSA acquired Powersil, Portuguese company dealing in generator sets and manufacture, maintenance, and installation of automated electrical panels systems. This acquisition is part of the company’s inorganic growth strategy. Moreover, Powersil operates as a mechanical, electrical, and acoustic engineering contractor in power generation providing comprehensive client service for key facilities including hospitals, data centers, and large shopping districts.
   
• In November 2023, November 2023, Briggs & Stratton launched their new product, home standby generators with rating at 22kW, 18kW, and 13kW PowerProtect. These three new products expand the company’s range of air cooled home standby gensets to enhance reliable power supply for a diverse range of homeowners’ needs.
   
• In January 2023, Generac Power Systems made the announcement that its advanced ecobee smart thermostats can integrated with home standby generators. That integration entails that household energy systems can be controlled via a single user interface, streamlining the power management process for the homeowner. In addition to easily checking the generator’s readiness status for outages, homeowners with propane powered generators will be able to monitor their fuel levels digitally 24/7 via the same interface.
   

The gas fired air cooled home standby genset market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2021 to 2034, for the following segments:

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Market, By Power Rating

• ≤ 10 kVA
• > 10 kVA - 15 kVA
• > 15 kVA - 20 kVA
• > 20 kVA

Market, By Phase

• Single Phase
• Three Phase

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile