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Air Cooled Home Standby Gensets Market Size

  • 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

 

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.

 

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

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Premium Report Details

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