Global Residential Generators Market Growth 2023-2029

Global Residential Generators Market Growth 2023-2029

Residential Generators contain Portable and Standby Generators. Portable generator takes major share in Residential application field.

Residential Portable Generators are the most common kind of backup power solution. Versatile and easily moved, a portable generator can be used in multiple locations for several purposes. In an emergency, Residential Portable Generator can provide critical backup power. Just add fuel, start the engine, and run extension cords to your most essential items. During a power outage, Residential Portable Generator make sure the most important items—lights, refrigerators and freezers, sump pumps, even space heaters and window air conditioners—are up and running, minimizing any disruption to ones' lifestyle.
Generally, a residential home standby generator set offers many features not found on portable generator sets, such as a more sophisticated control system, a fully weather–protective enclosure, significantly quieter operation, and more capacity so you can power more conveniences. It goes on automatically when you need it and shuts down automatically once main power is restored. It is connected directly to a fuel system and your home’s electrical system so you won’t have to fill a gas tank or manually transfer power from the utility to the home standby unit.
LPI (LP Information)' newest research report, the “Residential Generators Industry Forecast” looks at past sales and reviews total world Residential Generators sales in 2022, providing a comprehensive analysis by region and market sector of projected Residential Generators sales for 2023 through 2029. With Residential Generators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residential Generators industry.
This Insight Report provides a comprehensive analysis of the global Residential 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 Residential Generators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Residential Generators market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residential 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 Residential Generators.
The global Residential Generators market size is projected to grow from US$ 2695.7 million in 2022 to US$ 4344 million in 2029; it is expected to grow at a CAGR of 4344 from 2023 to 2029.
The industry's leading producers are Generac, Honda Power and Briggs & Stratton, with revenues of 19.69%, 16.60% and 12.48%, respectively, in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Residential Generators market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Portable Diesel Type
Portable Gasoline Type
Portable Other (Gas, Propane) Type
Standby Diesel Type
Standby Gasoline Type
Standby Other (Gas, Propane) Type
Segmentation by application
Less than 4 KW
4- 8 KW
8-17 KW
More than 17 KW
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
Honda Power
Briggs & Stratton
KOHLER
Champion
Yamaha
TTI
United Power Technology
Cummins Power Systems
Eaton
Wacker Neuson
Honeywell
Hyundai Power
Sawafuji
Scott’s
Pramac
HGI
Mi-T-M
Key Questions Addressed in this Report
What is the 10-year outlook for the global Residential Generators market?
What factors are driving Residential Generators market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Residential Generators market opportunities vary by end market size?
How does Residential 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.