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Single Phase Liquid Cooled Home Standby Gensets Market Analysis

  • Report ID: GMI11372
  • Published Date: Sep 2024
  • Report Format: PDF

Single Phase Liquid Cooled Home Standby Gensets Market Analysis

The > 25 kVA - 50 kVA rated single phase liquid cooled home standby industry will exceed USD 400 million by 2032. Surging frequency of extreme weather events with growing dependency on sustainable power solutions to maintain daily operations will accelerate the product penetration. The ongoing expansion in residential construction especially in suburban and rural areas where power grids are less reliable combined with increasing innovations in gensets technology comprising of improved engine designs, better cooling systems, and enhanced control mechanisms, thereby propelling the business outlook.
 

Single Phase Liquid Cooled Home Standby Gensets Market Share, By Fuel, 2023

The diesel single phase liquid cooled home standby genset market size will witness CAGR of over 6% by 2032. Heightened demand of reliable backup power units in rural and off-grid areas coupled with growing preference for liquid-cooled systems over air-cooled counterparts due to their superior cooling efficiency, allowing them to operate for extended periods without overheating, which in turn will positively sway the industry scenario.
 

In addition, stricter environmental regulations and rising consumer demand for greener solutions in conjunction with continuous investment by the manufacturers toward improving the emission profiles of diesel generators will drive the adoption of these units.
 

Asia Pacific Single Phase Liquid Cooled Home Standby Gensets Market Size, 2022 - 2032 (USD Million)

The Asia Pacific single phase liquid cooled home standby gensets market is set to surpass USD 300 million by 2032. The region is witnessing substantial growth owing to rapid urbanization and infrastructure development and increased demand for reliable power solutions. Growing demand for high-capacity power systems that can support modern appliances and home systems along with rapid urbanization and population growth will boost the product penetration. Moreover, ongoing technological advancements in generator efficiency comprising of fuel consumption and noise reduction in association with growing awareness and preparedness among homeowners will augment the business growth.
 

U.S. single phase liquid cooled home standby genset market is poised for robust growth on account of rising frequency and duration of power outages driven by severe weather events, aging infrastructure, and increased electricity demand. Growing integration of home standby generators with smart home systems that can be monitored and controlled remotely in line with these technologies offer convenience and real-time management of power needs, which in turn will propel the business outlook.
 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of single phase liquid cooled home standby gensets reached USD 507.4 million in 2023 and will register a 6.4% CAGR from 2024-2032, led by rising demand for efficient backup power systems.

The > 25 kVA - 50 kVA single-phase liquid-cooled home standby segment will exceed USD 400 million by 2032, fueled by extreme weather events, rising demand for sustainable power, residential expansion in areas with unreliable grids, and advancements in genset technology.

The Asia Pacific market is expected to exceed USD 300 million by 2032, driven by rapid urbanization, infrastructure development, rising demand for reliable power solutions, and advancements in generator efficiency and noise reduction.

Briggs & Stratton, Cummins Inc., Eaton, Generac Power Systems, Inc., Gillette Generators, and HIMOINSA, among others.

Single Phase Liquid Cooled Home Standby Gensets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 40
  • Countries covered: 36
  • Pages: 125
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