Liquid Cooled Home Standby Gensets Market Size By Power Rating (≤ 25 kVA, > 25 kVA - 50 kVA, > 50 kVA - 100 kVA, > 100 kVA), By Fuel (Diesel, Gas), By Phase (Single Phase, Three Phase) & Forecast, 2024 – 2032

Liquid Cooled Home Standby Gensets Market Size

Liquid Cooled Home Standby Gensets Market size surpassed USD 3.9 billion in 2023 and is anticipated to register 6.6% CAGR from 2024 to 2032.
 

The rising frequency and severity of weather-related disasters globally resulted in a growing product demand across wide tandem of applications. Instances of extreme weather events comprising of sleet storms, freezing rain, and high winds, have caused prolonged power disruptions, ranging from a few hours to several weeks, accelerating the industry growth. The market for home standby gensets is expected to cross a valuation of USD 14 billion during the forecast period.

COVID– 19 Impact

The COVID- 19 pandemic had no impact on the liquid cooled home standby gensets market. Increased consumer awareness toward demand for reliable backup power solutions during lockdowns and disruptions has fueled the industry outlook. Growing emphasis on uninterrupted power supply along with increasing trend of work from home concept has further complemented the business landscape.
 

Liquid Cooled Home Standby Gensets Industry Trends

The power supply interruptions extend from a few hours to several weeks predominantly on account of sleet storms, freezing rain, and high winds, which destruct power lines and equipment which in turn will drive the liquid cooled home standby gensets industry growth. Robust development of residential buildings including apartments and duplexes primarily across North America and Europe will positively sway the market outlook. The growing population of senior nursing & housing properties is another segment offering new potential for the deployment of these units. 
 

Liquid Cooled Home Standby Gensets Market Analysis

The ≤ 25 kVA rated liquid cooled home standby gensets market captured 45% share in 2022. These units are widely installed in apartments and homes to provide reliable power during emergency situations. Furthermore, a significant transition of application of these units from a secondary source to a necessity across multitude of households will augment the industry statistics.
 

The three phase liquid cooled generator sets industry exceeded USD 2.5 billion in 2022. These units offer key advantaged including compact size, lightweight design and high efficiency, stimulating the business potential. The growing customer awareness toward backup power sources combined with the need for reliable power infrastructure will drive the industry growth.
 

The diesel gensets industry will grow at a rate of 6.5% by 2032. The rising severity of weather-related outages coupled with increasing load on the utility power supply will favor the industry scenario. Furthermore, inability of grid networks to offer reliable and consistent power supply across several nations will foster the liquid cooled home standby gensets market expansion.
 

Stringent government regulations aimed at reducing carbon emissions in line with the growing reliance on backup power solutions will gas fired gensets market. The flourishing residential sector and the robust development of multi-story buildings will further support the industry's development. Moreover, paradigm shift in reliance on electronics and electrical appliances along with favorable government schemes toward the expansion of housing sector will complement the business outlook.
 

The Asia Pacific liquid cooled home standby gensets market is estimated to amass USD 2 billion by 2032. The industry is set to experience growth due to robust investments in the housing sector and the implementation of government electrification programs. Technological advancements enabling remote access operation and integration with smart home systems, and increasing consumer demand for reliable power supply will amplify the business expansion. The region is witnessing significant foreign investments and growth ventures in luxury real estate projects, further bolstering the growth prospects.
 

Liquid Cooled Home Standby Gensets Market Share

The major players operating in the industry’s competitive marketplace includes :

• Kohler Co.
• Cummins Inc.
• Briggs & Stratton
• Yamaha Motor Co., Ltd.
• Eaton
• Siemens Industry, Inc.
• Generac Power Systems, Inc.
• WINCO
• Gillette Generators
• Multiquip Inc.
• Atlas Copco
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Kirloskar
• Ashok Leyland
• Volvo Penta.
   

Liquid Cooled Home Standby Gensets Industry News

• In November 2022, Kohler Co. has recently unveiled its new manufacturing facility in Mosel, Wisconsin. The newly inaugurated production plant encompasses a sprawling 155,000 square-foot area, incorporating dedicated sections for warehousing and testing. Complementing this space, a customer support center spanning 10,000 square feet has also been included. By expanding their production plant, Kohler aims to bolster its presence in critical markets such as power data centers and healthcare, supporting their ongoing growth strategies.
   
• In August 2022, Kirloskar introduced IoT-enabled gas-powered generators with a digital monitoring system for real-time performance checks and data analysis, stabilizing genset performance. This launch expanded their product portfolio, boosting market share and addressing customer needs effectively.
   

This liquid cooled home standby gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Power Rating

• ≤ 25 kVA
• > 25 kVA - 50 kVA
• > 50 kVA - 100 kVA
• > 100 kVA

Market, By Fuel

• Diesel
• Gas
• Others

Market, By Phase

• Single Phase
• Three Phase

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada 
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
  • Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile