Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Home Standby Generator, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Home Standby Generator. This report contains market size and forecasts of Home Standby Generator in global, including the following market information:
Global Home Standby Generator Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Home Standby Generator Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Home Standby Generator companies in 2022 (%)
The global Home Standby Generator market was valued at US$ 1854.8 million in 2022 and is projected to reach US$ 3824.3 million by 2029, at a CAGR of 10.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Home Standby Generator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Home Standby Generator Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Home Standby Generator Market Segment Percentages, by Type, 2022 (%)
Natural Gas
Gasoline
Propane
Diesel
Global Home Standby Generator Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Home Standby Generator Market Segment Percentages, by Application, 2022 (%)
Single Family
Multifamily
Global Home Standby Generator Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Home Standby Generator Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Home Standby Generator revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Home Standby Generator revenues share in global market, 2022 (%)
Key companies Home Standby Generator sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Home Standby Generator sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Generac Holdings Inc.
Briggs & Stratton Corporation
Kohler Co.
Cummins Inc.
Honeywell
Eaton
Champion Power Equipment, Inc.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Home Standby Generator, market overview.
Chapter 2: Global Home Standby Generator market size in revenue and volume.
Chapter 3: Detailed analysis of Home Standby Generator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Home Standby Generator in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Home Standby Generator capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
