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North America Home Standby Gensets Market Size

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

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North America Home Standby Gensets Market Size

The North America home standby gensets market size was valued at USD 2.7 billion in 2024 and is estimated to grow at a CAGR of 7.6% from 2025 to 2034. The increasing frequency and severity of weather-related disasters have heightened the demand for these generators across various applications. The events including intense sleet storms, freezing rain and powerful winds have led to prolonged power outages lasting from a few hours to several weeks, which in turn will foster the product penetration.

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A home standby generator sets often referred to as a standby or whole-house generator is a backup power solution designed to supply electricity to a residence during outages. Installed permanently outside the home, these generators are directly connected to the electrical system and are programmed to start automatically when a power outage occurs. Depending on their capacity, they can power the entire home and selected circuits.

North America Home Standby Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2024
North America Home Standby Gensets Market Size in 2024:	USD 2.7 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.6%
2034 Value Projection:	USD 5.6 Billion
Historical Data for:	2021 – 2024
No. of Pages:	90
Tables, Charts & Figures:	8
Segments covered:	Power Rating, Fuel, Phase, Product and Country
Growth Drivers:	Surging intensity of weather-related disasters Unreliable grid infrastructure and ongoing refurbishment of T&D networks Extensive investments across the real estate sector
Pitfalls & Challenges:	High operation & maintenance cost

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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.