Single Phase Home Standby Gensets Market Size - By Power Rating (≤ 10 kVA, > 10 kVA - 50 kVA, > 50 kVA - 100 kVA, > 100 kVA), By Fuel (Diesel, Gas), By Product (Air Cooled, Liquid Cooled), By Regional Outlook & Forecast, 2024 – 2032

Single Phase Home Standby Gensets Market Size

Single Phase Home Standby Gensets Market was valued at USD 5.1 billion in 2023 and is anticipated to grow at a CAGR of over 6.8% from 2024 to 2032. The escalating severity of weather-related disasters along with a rise in the occurrence of extreme weather events will positively impact the industry landscape.
 

A single-phase home standby genset refers to a system designed to provide backup power to residential properties during electrical outages. It indicates that the generator produces electrical power with a single alternating current waveform, suitable for powering typical household appliances and equipment. These generators are usually installed permanently outside the home and are connected directly to the electrical system, automatically activating when a power outage is detected and providing seamless backup power until the main power supply is restored.
 

Single Phase Home Standby Gensets Market Trends

The notable investments in the real estate sector along with ongoing grid vulnerabilities will drive the generator sets market. Increasing consumer propensity toward reliable backup power solutions along with surging urbanization rate will drive the industry outlook. Furthermore, the demand for these generators is fueled by the need for continuous power supply to support critical appliances, medical equipment, and other essential services. Growing emphasis on sustainability along with rising adoption of smart technologies will augment the business scenario.
 

Single Phase Home Standby Gensets Market Analysis

The ≤ 10 kVA rated home standby gensets market will reach over USD 2.5 billion by 2032. The widespread use of these units to supply essential needs including hot water heaters, well pumps, and kitchen appliances will drive the product deployment. Growing concerns about power outages owing to extreme weather events and grid instability will escalate the industry growth. Ongoing technological advancements including remote monitoring, automatic startup & shutdown and connectivity to mobile devices will further fuel the product penetration.
 

The gas gensets market size will witness a growth rate of over 7.5% through 2032. The ability of these units to emit lower levels of particulate matter and NOx compared to other available options will foster the industry potential. The abundant availability of natural gas across the nations coupled with strict government regulations aimed at reducing carbon emissions will positively sway the business growth.
 

Asia Pacific single phase home standby gensets market is set to surpass USD 3 billion by 2032. The transition toward increased reliance on electronics and electrical appliances supported by government initiatives promoting the expansion of the housing sector will propel the industry outlook. Rising number of real estate construction projects and the widespread embrace of smart homes will energize the business dynamics.
 

U.S. standby generator sets market is set to grow on account of surging awareness of the importance of emergency preparedness and increasing intensity of extreme weather events. The popularity of these generators largely stems from their competitive pricing and versatile functionality, catering to diverse end-user needs. Moreover, growing population of senior nursing & housing properties coupled with implementation of favorable regulatory policies toward clean power generation sources will amplify the business scenario.
 

Single Phase Home Standby Gensets Market Share

Eaton offers a range of standby gensets designed to meet the needs of homeowners seeking uninterrupted electricity during outages. The company known for their robust construction, advanced features, and user-friendly operation, making them a preferred choice among consumers. It focuses on innovation ensures that its products incorporate the latest technologies to maximize efficiency and performance while minimizing environmental impact.
 

Single Phase Home Standby Gensets Market Companies

Some major players operating in the single phase home standby gensets industry is mentioned below:

• Ashok Leyland
• Caterpillar
• Champion Power Equipment
• Cummins
• Eaton
• Generac Power Systems
• Gillette Generators
• HIMOINSA
• HIPOWER
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• Powerica Limited
• PR INDUSTRIAL
• Rolls-Royce plc
   

Single Phase Home Standby Gensets Industry News

• In April 2022, PR INDUSTRIAL launched new models to its GGW series for gaseous standby power applications. The new models work even on hybrid fuelling system (NG+LPG). The recent shift in the industry form diesel to natural gas has boost its demand. In addition, new GGW models includes various features including ultra-low emissions, low gas pressure requirement and proprietary integral control system.
   
• In May 2022, Caterpillar acquired Tangent Energy, one of leading U.S. based provider of energy solutions. Tangent specializes in smart energy solutions aimed at delivering value to customers. Its Energy-as-a-Service (EaaS) products enhance Caterpillar's electric power product lineup, facilitating improved customer service by offering dependable, efficient, sustainable, and interconnected power solutions. These solutions not only support business operations but open up avenues for generating new revenue streams.
   

This single phase home standby gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• ≤ 10 kVA
• > 10 kVA - 50 kVA
• > 50 kVA - 100 kVA
• > 100 kVA

Market, By Fuel

• Diesel
• Gas
• Others

Market, By Product

• Air Cooled
• Liquid Cooled

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada 
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Philippines
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile