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Gas Fired Air Cooled Home Standby Gensets Market Trends

Report ID: GMI9697
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Gas fired air cooled home standby gensets market size was USD 1.64 billion in 2023 and is expected to register 7.7% CAGR from 2024-2032 owing to the increasing demand for reliable and efficient backup power solutions worldwide.

Gas fired air cooled home standby gensets industry from the > 10 kVA - 15 kVA segment and is expected to exceed USD 900 million by 2032 due to increasing incidence of severe weather-related power outages combined with the surging reliance on backup power systems.

North America gas fired air cooled home standby gensets industry is expected to cross USD 1.2 billion by 2032 due to significant investments in the housing sector coupled with favorable government initiatives in the region.

Eaton, Generac Power Systems, Inc., HIMOINSA, Kirloskar, Kohler Co., Mahindra POWEROL, PINNACLE GENERATORS, PR INDUSTRIAL srl, Prakash, and Sichuan XinYici Power Machinery Co., Ltd., are some of the major gas fired air cooled home standby gensets companies worldwide.