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Home Standby Gensets Market Share

Report ID: GMI3308
Published Date: Jul 2024
Report Format: PDF

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Home Standby Gensets Market Share

Home Standby Gensets Company Market Share Analysis, 2023

HIMOINSA designs, manufactures & distributes power generation equipment including diesel & gas operated gensets, portable gensets, control panels & lighting towers, and hybrid generators & gensets ready to be integrated into solar power systems. It manufactures all generator components including engines, alternators, controllers, and canopies in its own factories. The company offers its products through a worldwide network of distributors.

Home Standby Gensets Market Companies

The key industry players include:

Ashok Leyland
American Honda Motor Co., Inc.
Briggs & Stratton
Caterpillar
Champion Power Equipment
Cummins, Inc.
Eaton
ECHO Group
Generac Power Systems, Inc.
Gillette Generators
HIMOINSA
HIPOWER
Kirloskar
Kohler Co.
Mahindra POWEROL
PINNACLE GENERATORS
Powerica Limited
PR INDUSTRIAL srl
Rolls-Royce plc
Sichuan XinYici Power Machinery Co., Ltd.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of home standby gensets was reached USD 7.9 billion in 2023 and is anticipated to register 6.7% CAGR between 2024 and 2032, due to the increasing frequency of extreme weather events and extensive investment across the real estate sector.

The diesel segment in the home standby gensets market will witness 5.5% CAGR through 2032, on account of their long operational life and highly reliable and increasing power demand to support moder appliances.

North America home standby gensets market is set to surpass USD 4.5 billion by 2032, due to the surging investments in the residential sector and proactive government initiatives.

Ashok Leyland, American Honda Motor Co., Inc., Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Inc., Eaton, ECHO Group, Generac Power Systems, Inc., and Gillette Generators, among others.