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Gas Liquid Cooled Home Standby Gensets Market Analysis

  • Report ID: GMI9459
  • Published Date: May 2024
  • Report Format: PDF

Gas Liquid Cooled Home Standby Gensets Market Analysis

The ≤ 25 kVA rated gas liquid cooled home standby gensets will exceed USD 600 million by 2032. Increasing residential demand for reliable backup power solutions, driven by a growing awareness of power disruptions and a desire for uninterrupted electricity supply. Ongoing technological innovations in generator sets including the development of more compact, efficient, and quieter units will energize the industry landscape. Moreover, increasing urbanization and housing development particularly in regions prone to power outages, are driving the product demand.
 

Gas Liquid Cooled Home Standby Gensets Market Revenue Share, By Phase, 2023

The single-phase gas liquid cooled home standby generator sets market size will witness a growth rate of over 6.5% through 2032. Growing residential demand for reliable backup power solutions coupled with maintaining uninterrupted electricity supply during power outages will drive the adoption of these units. Ongoing advancements in generator technology including the development of more energy efficient engines, integration of digital controls, and improvements in reliability and durability will fuel the market growth. In addition, favorable regulatory policies and incentives programs aimed at promoting the adoption of backup power systems will foster the demand for these gensets.
 

Asia Pacific Gas Liquid Cooled Home Standby Gensets Market Size, 2022 - 2032 (USD Million)

Asia Pacific gas liquid cooled home standby gensets market is set to reach over USD 800 million by 2032, owing to the continuous investment by the homeowners to ensure the uninterrupted operation of essential appliances and electronics during power outages. Supportive policies and incentives programs including subsidies, tax breaks, and favorable regulatory policies will augment the industry scenario. Additionally, increasing awareness of the importance of backup power solutions coupled with educational campaigns by manufacturers and industry stakeholders is driving market growth.
 

The U.S. gas liquid cooled home standby market will witness an upsurge owing to increasing reliance on electric devices and home automation systems. Paradigm shift toward cleaner and more efficient gensets technologies along with growing environmental concerns & stricter emissions regulations will proliferate the demand for units. Furthermore, homeowners are proactively investing in backup power solutions to mitigate the inconvenience and potential risks associated with prolonged outages, thereby contributing to the business growth.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of gas liquid cooled home standby gensets was reached USD 1.2 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, on account of growing reliance on electricity for various household needs, including heating, cooling, lighting, and powering electronic devices.

The ? 25 kVA power rating segment in the gas liquid cooled home standby gensets industry will account for more than USD 600 million by 2032, owing to the increasing residential demand for reliable backup power solutions.

The single-phase segment in the gas liquid cooled home standby gensets industry is projected to grow at over 6.5% CAGR from 2024 to 2032, due to the growing residential demand for reliable backup power solutions coupled with the rising need to maintain uninterrupted electricity supply during power outages.

Asia Pacific gas liquid cooled home standby gensets industry is estimated to be more than USD 800 million by 2032, led by the continuous investment by the homeowners to ensure the uninterrupted operation of essential appliances and electronics during power outages.

Gas Liquid Cooled Home Standby Gensets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 45
  • Countries covered: 34
  • Pages: 110
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