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North America Home Standby Gensets Market Share

Report ID: GMI6779
Published Date: Dec 2024
Report Format: PDF

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North America Home Standby Gensets Market Share

The manufacturers in the home standby gensets industry adopt several key strategies to maintain competitiveness and meet the growing demand for reliable backup power solutions. A primary focus is on technological innovation, including the integration of smart features like remote monitoring, mobile app control, and enhanced fuel efficiency to cater to tech-savvy consumers. Product diversification is another key approach, with companies offering a range of models tailored to different power requirements and budgets.

North America Home Standby Gensets Market Companies

Major players operating in the North America home standby gensets industry are:

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

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for home standby gensets in North America reached USD 2.7 billion in 2024 and is projected to grow at a 7.6% CAGR from 2025 to 2034, driven by the increasing frequency of weather-related disasters.

The single-phase home standby gensets segment is anticipated to grow at a CAGR of over 7% through 2034, supported by their reliability and ability to power entire homes or small businesses during outages.

The U.S. market is projected to surpass USD 4 billion by 2034, fueled by significant investments in the housing sector and advancements in smart home system integration.

Key players in the market include Absolute Generators, Atlas Copco, Briggs & Stratton, Caterpillar, Champion Power Equipment, Cummins, Eaton, Generac Power Systems, Gillette Generators, HIMOINSA, Kirloskar, PowerGen USA, Powerica, Winco Generators, and Xylem.