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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.
Liquid Cooled Home Standby Gensets Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| Liquid Cooled Home Standby Gensets Market Size in 2023: | USD 3.9 Billion |
|---|
| Forecast Period: | 2024 to 2032 |
|---|
| Forecast Period 2024 to 2032 CAGR: | 6.6% |
|---|
| 2032 Value Projection: | USD 7.8 Billion |
|---|
| Historical Data for: | 2019 to 2023 |
|---|
| No. of Pages: | 425 |
|---|
| Tables, Charts & Figures: | 1,016 |
| Segments covered: | Power Rating, Fuel, Phase |
|---|
| Growth Drivers: | - Surging intensity of weather-related disasters
- Ongoing refurbishment of T&D networks
- Flourishing real estate sector
- Rapid urbanization and increasing consumer propensity
- Aging grid infrastructure coupled with rapid population growth
|
|---|
| Pitfalls & Challenges: | - High operation & maintenance cost
- Increasing proportion of renewable based power generation
|
|---|
