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Single Phase Liquid Cooled Home Standby Gensets Market Size

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

Single Phase Liquid Cooled Home Standby Gensets Market Size

Single Phase Liquid Cooled Home Standby Gensets Market size was valued at USD 507.4 million in 2023 and is projected to grow at a CAGR of 6.4% between 2024 and 2032. Rising demand for efficient backup power systems in line with rapid deployment of gensets in residential establishment will complement the business dynamics. Ongoing construction activities across residential properties including single-family homes, apartments, and housing complexes will energize the business potential. For instance, in 2022, according to U.S. Energy Information Administration, U.S. electricity customers faced an average of about five and a half hours of power interruptions.

 

A single phase liquid cooled home standby gensets is a residential backup power system designed to provide continuous, reliable electricity during power outages. It operates automatically using single-phase electrical output suitable for typical household appliances and systems. Favorable government schemes, subsidies, and compliance focusing on disaster preparedness, energy security, and environmental sustainability coupled with surging frequency and severity of natural disasters will influence the business growth. Continuous technological advancements in product design coupled with integration of smart home automation system will escalate the demand for home standby gensets.
 

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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