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North America Home Standby Gensets Market Share

Report ID: GMI6779
Published Date: Sep 2023
Report Format: PDF

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North America Home Standby Gensets Market Share

The major players operating in the North America home standby gensets market includes

Cummins, Inc.
Kirloskar
Generac Power Systems, Inc.
Caterpillar
Eaton
Champion Power Equipment
HIMOINSA
Powerica Limited
Gillette Generators
Briggs & Stratton
Winco Generators
PowerGen USA
Xylem
Absolute Generators
Atlas Copco

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of home standby gensets in North America was worth USD 2.4 billion in 2023 and may exceed USD 5.6 billion by 2032, due to the rising frequency and intensity of weather-related disasters in the region.

The > 10 kVA - 50 kVA home standby gensets market held 60% revenue share in 2022, due to the rising shift in the role of these units, from being a secondary power source to becoming an essential necessity in many households.

U.S. home standby gensets industry size is estimated to surpass USD 1.9 billion in 2022 and is expected to witness significant growth from 2023 to 2032, owing to the substantial investments in the housing sector and government-led electrification initiatives in the nation.

Major players operating in the market are Cummins, Inc., Kirloskar, Generac Power Systems, Inc., Caterpillar, Eaton, Champion Power Equipment, HIMOINSA, Powerica Limited, Gillette Generators, Briggs & Stratton, and Winco Generators.