Home Standby Gensets Market
Global Home Standby Gensets Market Size, Share & Trends Analysis Report By Cooling System (Air Cooled, and Liquid Cooled) By Power Rating Type (<10 kVA, 10–50 kVA, 50–100 kVA, and >100 kVA) By Fuel Type (Natural Gas, Diesel, and Others) Phase Type (Single Phase, and Three Phase), Forecast (2021-2027). Update Available - Forecast 2024-2030
The global home standby gensets market is anticipated to grow at a significant CAGR of nearly 4.8% during the forecast period. The major factor that drives the market growth include rising issues of outage in developed countries across the globe due to the unpredictable weather conditions and aging electrical infrastructure. Fixing damaged infrastructure caused by the bad weather takes large amount of time. For instance, Tropical Storm Isaias swept the East Coast of the US in July 2020. More than two million people were left without power during the storm. The outage continued for days in some places. In Connecticut, more than 4,000 people lacked power a week after the Isaias storm. However, continuing digital revolution attributed to upsurge in industry automation, and technological upgradations will positively influence the market share. These units cater to a wide range of applications across residential, and light duty commercial sites, thereby enhancing the product penetration.
Impact of COVID-19 Pandemic on Global Home Standby Gensets Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe, which had drastically reduced the demand for home standby gensets. major players have suffered closures due to the lockdown measures implemented by various countries globally to curb the spread of the COVID-19 along with the disruption of the supply chain. various manufacturers shifted their production toward medical devices and equipment to support government strategies to combat the pandemic. Therefore, the demand for home standby gensets was adversely affected by the COVID-19 pandemic. As the COVID-19 situation normalizes, the home standby gensets market started recovery as industrial operations were normalized after the recovery.
Segmental Outlook
The global home standby gensets market is segmented based on the cooling system, power rating type, fuel type, and phase type. Based on the cooling system, the market is segmented into air cooled, and liquid cooled. Based on the power rating type, the market is sub-segmented into the <10 kVA, 10–50 kVA, 50–100 kVA, and >100 kVA. Based on the fuel type, the market is sub-segmented into natural gas, diesel, and others. Based on the phase type, the market is sub-segmented into single phase, and three phase.
Global Home Standby Gensets Market Share by Power Rating Type, 2020 (%)
<10 kVA Power Rating Type Segment Holds the Major Share in the Global Home Standby Gensets Market.
Based on the power rating type, the <10 kVA holds the prominent share in 2020. Increased deployment across smaller homes to cater to the basic power needs will fuel the sturdy deployment of < 10 kVA rated home standby gensets. The capability of <10 kVA power rated gensets to act as an economic emergency power solution for average consumers will foster the unit’s deployment across smaller homes and regular apartments. These units can reasonably power regular home appliances including refrigerator, sump pump, furnace, freezer, lights, television, and a microwave oven, thus encouraging the gensets demand. Moreover, inadequate power supply, chronic outages, rising consumer spending in addition to growing stringency of emissions regulations will define the global <10 kVA home standby gensets market trends in the coming years.
Regional Outlook
The global Home Standby Gensets market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Home Standby Gensets Market Growth by Region, 2021-2027
Asia-Pacific Region Holds the Major Share in the Global Home Standby Gensets Market.
Asia-Pacific region dominates the home standby gensets market as the region has the largest reservoirs of home standby gensets. The factors that drive the growth of the market in this region includes the rapid urbanization along with substantial economic transformation across the region. Escalated commercial growth, accompanied by shift in reliance on electrical & electronics appliances will simulate the product deployment amongst commercial and residential consumers. Also, in several Asian countries including India, Indonesia and Thailand are witnessing robust investments toward the housing sector. For instance, in 2018, the Thai government initiated its Thailand 4.0 national plan to promote digitalization along with development of smart cities, thereby imparting an impetus to the burgeoning industry expansion across the region.
Market Players Outlook
The major companies serving the global Home Standby Gensets market include Cummins, Briggs & Stratton, Generac, Caterpillar, Honeywell, Rolls-Royce Power Systems, Eaton, Champion, Mahindra Powerol, Powerica, HIMOINSA, Ashok Leyland, Sommers, and Kohler amongst others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in March 2021, Mahindra Powerol, one of the leading genset manufacturers, established a new production facility, GOEM Perfect Generators Technology Pvt Ltd, in India. The company plans to manufacture its Perkin range of diesel generators at the facility to accommodate the surging demand for HkVA gensets. The expansion of its production capacity has enabled Powerol to extend its product offerings across untouched terrains.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Home Standby Gensets market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Home Standby Gensets Market
• Recovery Scenario of Global Home Standby Gensets Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Siemens AG
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Honeywell International Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Eaton Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. DuroMax Power Equipment
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Caterpillar
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Home Standby Gensets Market by Cooling System
4.1.1. Air Cooled
4.1.2. Liquid Cooled
4.2. Global Home Standby Gensets Market by Power Rating Type
4.2.1. <10 kVA
4.2.2. 10–50 kVA
4.2.3. 50–100 kVA
4.2.4. >100 kVA
4.3. Global Home Standby Gensets Market by Fuel Type
4.3.1. Natural Gas
4.3.2. Diesel
4.3.3. Others
4.4. Global Home Standby Gensets Market by Phase Type
4.4.1. Single Phase
4.4.2. Three Phase
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Ashok Leyland
6.2. Briggs and Stratton
6.3. Caterpillar
6.4. Champion Power Equipment
6.5. Cummins
6.6. Generac
6.7. Himoinsa
6.8. Kirloskar Oil Engines Limited
6.9. Mahindra Powerol
6.10. MTU Onsite Energy
6.11. Powerica Ltd.
6.12. SDMO Industries
1. GLOBAL HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COOLING SYSTEM, 2020-2027 ($ MILLION)
2. GLOBAL AIR COOLED HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL LIQUID COOLED HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY POWER RATING TYPE, 2020-2027 ($ MILLION)
5. GLOBAL HOME STANDBY GENSETS IN <10 KVA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL HOME STANDBY GENSETS IN 10–50 KVA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL HOME STANDBY GENSETS IN 50–100 KVA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL HOME STANDBY GENSETS IN >100 KVA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
10. GLOBAL NATURAL GAS BASED HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL DIESEL BASED HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL OTHER FUEL TYPE BASED HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY PHASE TYPE, 2020-2027 ($ MILLION)
14. GLOBAL SINGLE PHASE HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL THREE PHASE HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COOLING SYSTEM, 2020-2027 ($ MILLION)
19. NORTH AMERICAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY POWER RATING TYPE, 2020-2027 ($ MILLION)
20. NORTH AMERICAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
21. NORTH AMERICAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY PHASE TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. EUROPEAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COOLING SYSTEM, 2020-2027 ($ MILLION)
24. EUROPEAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY POWER RATING TYPE, 2020-2027 ($ MILLION)
25. EUROPEAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
26. EUROPEAN HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY PHASE TYPE, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COOLING SYSTEM, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY POWER RATING TYPE, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
31. ASIA-PACIFIC HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY PHASE TYPE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
33. REST OF THE WORLD HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY COOLING SYSTEM, 2020-2027 ($ MILLION)
34. REST OF THE WORLD HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY POWER RATING TYPE, 2020-2027 ($ MILLION)
35. REST OF THE WORLD HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY FUEL TYPE, 2020-2027 ($ MILLION)
36. REST OF THE WORLD HOME STANDBY GENSETS MARKET RESEARCH AND ANALYSIS BY PHASE TYPE, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HOME STANDBY GENSETS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HOME STANDBY GENSETS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL HOME STANDBY GENSETS MARKET, 2021-2027 (%)
4. GLOBAL HOME STANDBY GENSETS MARKET SHARE BY COOLING SYSTEM, 2020 VS 2027 (%)
5. GLOBAL AIR COOLED MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL LIQUID COOLEDMARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL HOME STANDBY GENSETS MARKET SHARE BY POWER RATING TYPE, 2020 VS 2027 (%)
8. GLOBAL HOME STANDBY GENSETS IN <10 kVA MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL HOME STANDBY GENSETS IN 10-50 kVA MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL HOME STANDBY GENSETS IN 50–100 KVA MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL HOME STANDBY GENSETS IN >100 KVA MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL HOME STANDBY GENSETS MARKET SHARE BY FUEL TYPE, 2020 VS 2027 (%)
13. GLOBAL NATURAL GAS BASED HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL DIESEL BASED HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL OTHER FUEL BASED HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL HOME STANDBY GENSETS MARKET SHARE BY PHASE TYPE, 2020 VS 2027 (%)
17. GLOBAL SINGLE PHASE HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL THREE PHASE HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL HOME STANDBY GENSETS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. US HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
21. CANADA HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
22. UK HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
24. GERMANY HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
25. ITALY HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
26. SPAIN HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF EUROPE HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
30. JAPAN HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
31. SOUTH KOREA HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF ASIA-PACIFIC HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF THE WORLD HOME STANDBY GENSETS MARKET SIZE, 2020-2027 ($ MILLION)
