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Gas Liquid Cooled Home Standby Gensets Market Size
- Report ID: GMI9459
- Published Date: May 2024
- Report Format: PDF
Gas Liquid Cooled Home Standby Gensets Market Size
Gas Liquid Cooled Home Standby Gensets Market was valued at USD 1.2 billion in 2023 and is projected to grow at a CAGR of over 6.4% between 2024 and 2032, on account of growing reliance on electricity for various household needs, including heating, cooling, lighting, and powering electronic devices, thereby a heightened demand for reliable backup power solutions.
Gas liquid cooled home standby gensets are backup power generators designed for residential use. They are equipped with a gas including natural gas or propane and liquid fuel system for power generation. Aging power infrastructure, grid instability, and extreme weather events are the key factors have led to an increase in the frequency and severity of power outages across emerging economies will drive the demand for these gensets. Furthermore, the burgeoning technological advancements within the generator set comprising of the evolution of highly fuel-efficient engines and the embracement of environmentally friendly power sources will bolster the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Gas Liquid Cooled Home Standby Gensets Market Size in 2023: | USD 1.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.4% |
| 2032 Value Projection: | USD 2.09 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 45 |
| Segments covered: | Power Rating, End Use & Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Gas Liquid Cooled Home Standby Gensets Market Scope
