Gas Fired Air Cooled Home Standby Gensets Market– By Power Rating (≤ 10 kVA, > 10 kVA - 15 kVA, > 15 kVA - 20 kVA, > 20 kVA), By Phase (Single Phase, Three Phase), By Regional Outlook & Forecast, 2024 – 2032

Gas Fired Air Cooled Home Standby Gensets Market Size

Gas Fired Air Cooled Home Standby Gensets Market size in 2023 was valued at USD 1.64 Billion and is projected to grow at a CAGR of 7.7% from 2024 and 2032. The increasing demand for reliable and efficient backup power solutions in line with growing adoption of gas fueled gensets in residential establishment will complement the industry landscape.
 

Continuous expansion and construction activities in properties including apartments, single-family homes, and housing complexes will influence the business potential. For instance, in 2024, the U.S. Department of Housing & Urban Development along with the U.S. Census Bureau published new data indicating that the seasonally adjusted annual rate for building permits issued for privately-owned housing units in March was 1,458,000.
 

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. 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.

Gas Fired Air Cooled Home Standby Gensets Market Analysis

The > 10 kVA - 15 kVA rated gas fired air cooled home standby market will exceed USD 900 million by 2032. The increasing incidence of severe weather-related power outages combined with the surging reliance on backup power systems to maintain daily operations will drive the demand for these gensets. 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 power solutions in residential buildings will facilitate the product deployment.
 

The three-phase gas air cooled home standby genset market size will witness a growth rate of over 7% by 2032. The industry has experienced significant growth on account of increasing urbanization, technological advancements, the need for reliable power solutions. 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 North America gas fired air cooled home standby gensets market is set to surpass USD 1.2 billion by 2032. Significant investments in the housing sector coupled with favorable government initiatives will stimulate the industry potential. 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. Additionally, the incorporation of smart technologies comprising of predictive maintenance, remote monitoring, and automatic load management will complement the business dynamics.
 

U.S. gas fired air cooled home standby genset market is poised to grow on account of their key benefits including high efficiency and integration of advanced technologies. 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 the industry dynamics.
 

Gas Fired Air Cooled Home Standby Gensets Market Share

Generac Power System operates as a designer and manufacturer of a wide range of power generation equipment and other engine powered products serving the residential, light commercial, and industrial markets. The company offers a varied range of standby, portable, and mobile generators. The company also manufactures other engine-powered products including light towers, industrial mobile heaters used in the oil & gas, construction, and other industrial markets, and a broad product line of outdoor power equipment for residential and commercial use.
 

Gas Fired Air Cooled Home Standby Gensets Market Companies

The key industry players include:

• Ashok Leyland
• Briggs & Stratton
• Caterpillar
• Champion Power Equipment
• Cummins Inc.
• Eaton
• Generac Power Systems, Inc.
• HIMOINSA
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• PINNACLE GENERATORS
• PR INDUSTRIAL srl
• Prakash
• Sichuan XinYici Power Machinery Co., Ltd.
   

Gas Fired Air Cooled Home Standby Gensets Industry News

• In November 2023, Briggs & Stratton Energy Solutions launched its 22kW, 18kW, and 13kW PowerProtect home standby generators. With this launch, the company has expanded its air-cooled home standby gensets series to provide reliable power for diverse homeowners needs. These gensets equipped with superior motor starting capability and the innovative NGMax technology, which ensures maximum power output on natural gas fuel.
   
• In January 2023, Generac Power Systems announced that its entire line of cellular and Wi-Fi enabled home standby generators will integrate with the advanced ecobee smart thermostats, creating a unified energy management hub for homes. This integration will allow homeowners to manage their home energy systems through a single, user-friendly interface. Users will be able to easily verify their generator's readiness for power outages. Additionally, homeowners using propane-fueled generators will have the capability to digitally monitor their fuel levels around the clock through 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 2032, 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