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Single Phase Air Cooled Home Standby Gensets Market Share

Report ID: GMI12759
Published Date: Dec 2024
Report Format: PDF

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Single Phase Air Cooled Home Standby Gensets Market Share

Single Phase Air Cooled Home Standby Gensets Company Market Share Analysis, 2024

The market is characterized by intense competition among established brands and emerging players, driven by innovation, product reliability, and customer service excellence. Key players compete on technology differentiation, offering features including remote monitoring, enhanced fuel efficiency, and noise reduction. Price competitiveness and extensive distribution networks also play crucial roles. Additionally, as demand grows for backup power solutions due to frequent grid outages and extreme weather, manufacturers are focusing on strategic partnerships and regional expansions to capture untapped markets, intensifying market dynamics.

Single Phase Air Cooled Home Standby Gensets Market Companies

Major players operating in the single phase air cooled home standby gensets industry are:

Ashok Leyland
Briggs & Stratton
Cummins
Eaton
Generac Power Systems
Gillette Generators
HIMOINSA
Honeywell International
KUBOTA Corporation
Mahindra POWEROL
Multiquip
PR Industrial
Rehlko
Winco
Yamaha Motor

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for single-phase air-cooled home standby gensets was reached USD 691.8 million in 2024 and is projected to grow at a 6.3% CAGR from 2025 to 2034, driven by the increasing demand for efficient backup power systems in residential settings.

The >10 kVA - 15 kVA rated segment is expected to surpass USD 550 million by 2034, supported by the rising frequency of extreme weather events and the need for sustainable power solutions in suburban and rural areas.

The diesel-fueled segment is anticipated to grow at over 6% CAGR through 2034, led by the demand for reliable backup power in rural and off-grid areas and the efficiency of air-cooled systems for prolonged operations.

The U.S. market is projected to exceed USD 250 million by 2034, propelled by rapid urbanization, infrastructure advancements, and the integration of smart home systems for real-time power management.

Key players include Ashok Leyland, Briggs & Stratton, Cummins, Eaton, Generac Power Systems, Gillette Generators, HIMOINSA, Honeywell International, KUBOTA Corporation, Mahindra POWEROL, Multiquip, PR Industrial, Rehlko, Winco, and Yamaha Motor.