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The ≤ 25 kVA power rating of market will exceed USD 3.5 billion by 2034. These units are installed in homes and apartments to ensure reliable power during emergencies. Moreover, the shift in their role from a secondary power source to an essential utility for many households is expected to further enhance the industry outlook. Additionally, the inability of grid networks in many countries to provide reliable and consistent power supply will positively impact the industry dynamics.
The gas fueled of the liquid cooled home standby gensets market is anticipated to grow at a CAGR of over 6.5% by 2034. These units provide notable advantages such as a compact size, lightweight design, and high efficiency, boosting their deployment rate. Increasing consumer awareness about backup power solutions coupled with the demand for reliable power infrastructure will further propel the industry growth. The thriving residential sector and the rapid development of multi-story buildings will further contribute to the industry potential.
The U.S. liquid cooled home standby gensets market is set to surpass USD 1.5 billion by 2034. These gensets are designed for prolonged use and are gaining traction among homeowners seeking dependable backup power solutions for larger residences and energy-intensive systems including HVAC, security, and smart home devices. This growth is fueled by several factors, including rising consumer awareness of power reliability, increased energy demands, and advancements in technology that improve efficiency and reduce emissions.
The Asia Pacific liquid cooled home standby gensets industry is poised for growth driven by substantial investments in the housing sector and government electrification initiatives. Advancements in technology including remote access capabilities and integration with smart home systems coupled with rising consumer demand for reliable power supply, will further accelerate the product deployment. Additionally, the region is attracting considerable foreign investments and experiencing growth in luxury real estate projects, reinforcing the industry promising outlook.