Global Home Standby Generators Market Growth 2023-2029

Global Home Standby Generators Market Growth 2023-2029

Growing intensity and frequency of prolonged power disruptions on account of grid inadequacy, deteriorating weather conditions heighten consumer awareness of power reliability concerns. Home Standby Generator delivers power directly to home’s electrical system, backing up entire home or just the most essential items when the municipal power is out. New energy such as wind power in the United States accounts for a large proportion of power supply (more than 70%), but in severe weather conditions, the energy supply is unstable, and the power storage in the United States has not reached the level of South Korea, resulting in power outages due to tight power supply.North America is the largest consumer region in the world due to consumption habits. As for gas generators, a major advantage is that they do not require a fuel tank, so natural gas generator sets take up less space and can be more easily installed in tight spots, such as on the roof of a building, so it occupies a large market share.

LPI (LP Information)' newest research report, the “Home Standby Generators Industry Forecast” looks at past sales and reviews total world Home Standby Generators sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Standby Generators sales for 2023 through 2029. With Home Standby Generators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Standby Generators industry.

This Insight Report provides a comprehensive analysis of the global Home Standby Generators landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Standby Generators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Home Standby Generators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Standby Generators and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Standby Generators.

The global Home Standby Generators market size is projected to grow from US$ 1763.4 million in 2022 to US$ 2236.6 million in 2029; it is expected to grow at a CAGR of 2236.6 from 2023 to 2029.

Global key players of home standby generator include Generac Holdings Inc., Briggs & Stratton Corporation, Kohler Co., Cummins Inc., etc. Global top three manufacturers hold a share over 77%. North America is the largest producer of home standby generator holds a share over 90%. In terms of product, natural gas is the largest segment, with a share over 87%.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Standby Generators market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Gasoline Generator
Diesel Generator
Other

Segmentation by application
Commercial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Generac
Cummins Power Systems
KOHLER
Briggs & Stratton
Yamaha
Caterpillar
Honda Power
MTU
TTI
Champion
Itopower
Hyundai Power
Eaton
Sawafuji
Loncin
PM& T

Key Questions Addressed in this Report

What is the 10-year outlook for the global Home Standby Generators market?

What factors are driving Home Standby Generators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Home Standby Generators market opportunities vary by end market size?

How does Home Standby Generators break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.