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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.
Report Attribute | Details |
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Base Year: | 2022 |
Air Cooled Home Standby Gensets Market Size in 2022: | USD 3.9 Billion |
Forecast Period: | 2019 to 2022 |
Forecast Period 2019 to 2022 CAGR: | 6.8% |
2022 Value Projection: | USD 7.3 Billion |
Historical Data for: | 2022 to 2028 |
No. of Pages: | 450 |
Tables, Charts & Figures: | 1,015 |
Segments covered: | Power Rating, Fuel, Phase |
Growth Drivers: |
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Pitfalls & Challenges: |
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