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Gas Liquid Cooled Home Standby Gensets Market Trends

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

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Gas Liquid Cooled Home Standby Gensets Market Trends

Growing need for cleaner and more sustainable fuel in line with the integration of smart home technologies will penetrate the product adoption across residential establishments. Gas-powered generators sets fueled by natural gas or propane are gaining popularity owing to their lower emissions and compatibility with existing residential gas infrastructure. Rising demand standby generator along with homeownership rates and construction activity in suburban and rural areas will positively influence the business landscape.

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.