Home > Energy & Power > Electrical Equipment > Generator Sets > Air Cooled Home Standby Gensets Market

Air Cooled Home Standby Gensets Market Size By Power Rating (≤ 10 kVA, > 10 kVA - 15 kVA, > 15 kVA - 20 kVA, > 20 kVA), By Fuel (Diesel, Gas), By Phase (Single Phase, Three Phase) & Global Forecast, 2024 – 2032

  • Report ID: GMI5625
  • Published Date: May 2023
  • Report Format: PDF

Air Cooled Home Standby Gensets Market Size

Air Cooled Home Standby Gensets Market size surpassed USD 3.9 billion in 2023 and is anticipated to expand at 6.8% CAGR from 2024 to 2032

Air Cooled Home Standby Gensets Market

The power networks remain highly vulnerable to large-scale power blackouts triggered by events comprising of cyber-attacks and cascading power failures which in turn will offer significant business opportunities. The increasing reliance on electrical & electronics equipment to sustain the day-to-day operations across a wide tandem of application will foster the product deployment. Rising consumer inclination for increased reliability and zero downtime will further favor the industry scenario.

COVID–19 Impact

The air cooled home standby gensets market has not witnessed any impact of COVID-19. Increasing trend of work from home concept along with increasing consumer concern toward continuous power supply has escalated the industry outlook. The rising need for emergency electricity backup to respond to numerous and significant power shutoff events by local utilities has further positively impacted the business landscape worldwide.

Air Cooled Home Standby Gensets Market Analysis

Air Cooled Home Standby Gensets Market Size, By Power Rating, 2021 - 2032 (USD Million)

The ≤ 10 kVA rated air cooled home standby gensets market captured a share of over 30% in 2022. The growing consumer preference toward systems with easier portability and minimal surface footprint will fuel the dominance of these units. The product offers key advantages including lightweight, operational suitability, and compact size, accelerating the market potential. The ability of these units to effectively cater the consumer power requirements will favor their incursion in the industry.

Surging frequent & severe weather-related blackouts along with the growing reliance on backup power solutions to sustain day-to-day operations will fuel the demand for > 10 kVA - 15 kVA rated units. Ongoing technological advancements including engine modifications & noise reduction will favor the business landscape. The emerging real estate investments coupled with favorable regulatory policies will fuel the product demand.

 The three phase air cooled home standby gensets market is anticipated to witness growth rate of 6.9% during 2023 to 2032. These units possess typically lower weight and smaller dimensions when compared with available counterparts owing to their efficient use of windings. Invariable power supply, high flexibility, and appreciable material efficiency are some of the distinguishing features supporting the product adoption. The increasing customer awareness coupled toward backup power sources along with unreliable grid infrastructure will energize the industry dynamic.

Air Cooled Home Standby Gensets Market Revenue Share, By Fuel, 2023

The diesel fired air cooled home standby gensets industry size is estimated to amass USD 2.5 billion by 2032. The rising severity of weather outages and intensifying load on the utility power supply and the growing consumer awareness toward backup power solutions will escalate the business growth. Prolonged power outages, increased consumer awareness, fragile power grid systems, and elevating power demand will further drive the market expansion.

Stringent government norms to limit carbon emissions along with escalating reliance on backup power solutions will fuel the gas fired air cooled home standby gensets market. The increasing implications for energy security and concerns over uptime and reliable power supply have enforced rigorous legislation and policies on these generators. Flourishing residential sector along with robust development of multi-storey buildings are some of the underlying parameters supporting the industry growth.

Asia Pacific Air Cooled Home Standby Gensets Market Size, 2022 - 2032 (USD Billion)

The Asia Pacific air cooled home standby gensets industry was valued at over 1.2 billion in 2022. Robust spending toward the housing sector together with increasing government electrification programs will augment the business landscape. Ongoing technological advancements that allow remote access operation and compatibility to connect with smart home systems along with the escalating consumer demand for high-quality reliable power supply will stimulate the industry growth.

Increasing investments across the residential sector in line with introduction of emission norms will foster the North America air cooled home standby gensets market. The proliferation of residential establishments resulting into increased demand for consistent power supply which in turn will propel the industry potential. The region is witnessing high foreign investments and growth ventures into the luxury real estate projects, which in turn will further boost the business statistics.

Air Cooled Home Standby Gensets Market Share

The major companies are focusing on marketing strategies, technological advancements, brand recognition and economies of scale to meet the competition prevailing in the industry. The key industry market players include

  • Cummins
  • Kirloskar
  • Kohler Co.
  • Generac Power Systems
  • Caterpillar
  • Eaton
  • Champion Power Equipment
  • Mahindra POWEROL
  • Briggs & Stratton
  • DuroMax Power Equipment
  • Ashok Leyland
  • Rolls-Royce

Air Cooled Home Standby Gensets Industry News

  • In November 2022, Cummins entered a partnership with Exergy Energy, a manufacturer of power backup solutions. Through the partnership, the client location will be able to run the entire operation when the grid is down or when demand is at its peak with the help of Cummins power system solutions including generator sets, switching equipment and energy storage systems.
  • In August 2022, Kirloskar launched a new range of gas-powered generators. These IoT-enabled generators are equipped with digital monitoring systems that help consumers in the real-time performance check & data analysis of the system. These features help in stabilizing the performance of these gensets.

This market research report on air cooled home standby gensets includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Power Rating

  • ≤ 10 kVA
  • > 10 kVA - 15 kVA
  • > 15 kVA - 20 kVA
  • > 20 kVA

Market, By Fuel

  • Diesel
  • Gas
  • Others

Market, By Phase

  • Single Phase
  • Three Phase

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • UK
    • Germany
    • France
    • Spain
    • Austria
    • Italy
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
    • Philippines
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Turkey
    • Iran
    • Oman
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • South Africa
    • Angola
    • Kenya
    • Mozambique
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of air cooled home standby gensets surpassed USD 3.9 billion in 2023 and is anticipated to cross a valuation of USD 7.3 Bn by 2032, predicts GMI.

Three phase air cooled home standby gensets industry will witness 6.9% growth between 2023 and 2032 on account of increasing customer awareness regarding backup power sources and the upgradation of unreliable grid infrastructure.

Asia Pacific air cooled home standby gensets business size was over USD 1.2 billion in 2022 and is expected to expand due to robust spending on residential spaces and new government electrification programs.

Cummins, Mahindra POWEROL, HIMOINSA, Caterpillar, Kirloskar, Kohler Co., Eaton, Briggs & Stratton, DuroMax Power Equipment, Ashok Leyland and Rolls-Royce are the leading manufacturers of air cooled home standby gensets.

Air Cooled Home Standby Gensets Market Scope

Buy Now

Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 1015
  • Countries covered: 36
  • Pages: 450
 Download Free Sample