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Three Phase Home Standby Gensets Market Share

Report ID: GMI7658
Published Date: Dec 2023
Report Format: PDF

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Three Phase Home Standby Gensets Market Share

Mahindra Powerol is a prominent player in the power generation industry, specializing in manufacturing and marketing generators. The company has been known for producing a wide range of diesel generators, gas generators, and mobile lighting towers for various applications, including industrial, commercial, and residential use. It has gained recognition for its emphasis on quality, reliability, and innovation in the power generation sector.

Three Phase Home Standby Gensets Market Companies

The key industry players operating across the industry include:

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

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of three-phase home standby gensets was reached USD 2.8 billion in 2023 and is projected to surpass USD 4.9 billion by 2032, owing to the rising intensity of weather-related disasters coupled with the increasing frequency of extreme weather events.

The gas segment held 40% revenue share of the three phase home standby gensets market in 2023 and is estimated to witness high demand through 2032, owing to its advantages, such as long operational life and easier handling.

Asia Pacific market for home standby generator sets was worth USD 538.1 million in 2023 and is set to exhibit robust growth between 2024 and 2032, attributed to the ongoing shift in dependence on electronics and electrical appliances.

Some of the leading three phase home standby genset companies are Cummins, Kohler Co., Kirloskar, Generac Power Systems, Rolls-Royce plc, Caterpillar, Eaton Mahindra POWEROL, Ashok Leyland, HIMOINSA, Gillette Generators, and HIPOWER, among others.