Asia Pacific Air Cooled Home Standby Gensets Market

Asia Pacific Air Cooled Home Standby Gensets Market Size

Asia Pacific Air Cooled Home Standby Gensets Market was valued at USD 1.37 billion in 2023 and is estimated to grow at a CAGR of 5% from 2024 to 2032. Significant rise in number of weather-related disasters in line with increasing demand for power backup solutions will drive the business growth.

An air-cooled home standby genset, short for generator set, is a backup power system designed for residential use. These generators that use a liquid coolant usually water and antifreeze to regulate temperature, air-cooled generators rely on an integrated air-cooling system. These systems use fans and vents to dissipate heat and maintain the generator's optimal operating temperature. These units are a reliable source of backup power during electrical outages and require less maintenance compared to its available counterparts.

Asia Pacific Air Cooled Home Standby Gensets Market Trends

Ongoing refurbishment of T&D networks coupled with flourishing real estate industry will positively impact the generator sets market. These are typically kept inside of a weatherproof and soundproof enclosure, which protects the generator from the elements and muffles noise while it is running. Increasing consumer inclination toward reducing emissions and improving efficiency of systems will further augment the business landscape. Rapid urbanization along with surging intensity of weather-related disasters will play a significant role in shaping the demand curve for the industry.

Asia Pacific Air Cooled Home Standby Gensets Market Analysis

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The > 10 kVA - 15 kVA rated air cooled home standby gensets market will exceed over USD 900 million by 2032. These devices are frequently installed in homes and apartments to offer dependable power in an emergency. Additionally, the robust development of apartments and duplexes in line with increasing disposable income will fuel the product penetration. Implementation of strict government regulations and emission standards primarily across the developing countries will drive the industry outlook.

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The three phase air cooled home standby gensets market size will witness growth rate of over 4% through 2032. The product offers key benefits including compact size, lightweight design and high efficiency, accelerating the business potential. The industry's growth will be supported by the requirement for a stable power infrastructure and the growing consumer awareness of backup power sources. Increasing demand for reliable backup power solutions in residential settings along with rising electricity demand will foster the industry growth.

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The China air cooled home standby gensets market is set to surpass USD 800 million by 2032, owing to increase in rapid urbanization and increasing consumer propensity. Furthermore, increasing focus on environmental issues and corporate sustainability has sped up the uptake of cleaner and more efficient power generation technologies, leading to the accelerated deployment of these products.

Increasing frequency of natural disasters along with surging demand for uninterrupted power supply during outages will escalate the Japan air cooled home standby gensets market. Additionally, rising awareness about energy security and the availability of government incentives for disaster preparedness contribute to the growing demand. Government initiatives promoting disaster preparedness in line with the rising awareness of energy security will foster the business growth.

Asia Pacific Air Cooled Home Standby Gensets Market Share

FG Wilson is a renowned name in the power generation industry, offers a comprehensive range of home standby generators designed to provide reliable and efficient backup power. Its gensets are engineered to deliver optimal performance and durability, ensuring that homes remain powered during outages. With advanced technology and robust construction, the company’s system is capable of handling varying power demands seamlessly. They are user-friendly, featuring easy installation and maintenance, and come equipped with sophisticated control systems for hassle-free operation. Whether for routine use or emergency situations, FG Wilson home standby gensets offer peace of mind with their dependable power solutions.

Asia Pacific Air Cooled Home Standby Gensets Market Companies

Eminent players operating in the Asia Pacific air cooled home standby gensets industry include:

• Ashok Leyland
• Baudouin
• Caterpillar
• Cummins
• DEUTZ
• Eaton
• FG Wilson
• Generac Power Systems
• HIMOINSA
• Kirloskar
• Kohler Co.
• Mahindra POWEROL
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• MTU
• Perkins Engines
• Siemens Industry, Inc.
• Volvo Penta
• Yamaha Motor Co., Ltd.
  

Asia Pacific Air Cooled Home Standby Gensets Industry News

• In January 2023, Kohler announced the unveil of a new 26kW air-cooled home standby generator at the Consumer Electronics Show, providing enhanced customization options with ten new exclusive colors and Mossy Oak camouflage patterns. These colors allow homeowners to either blend their standby generator with their home's aesthetics or make a statement. The 26kW RCA Generator will offer reliability, quiet operation, and power during outages, connected to natural gas or propane sources, and backed by a 5-year warranty.
  
• In October 2021, Generac Power Systems introduced their powerful Guardian® 26kW air-cooled home standby generator while saving space and costs compared to liquid-cooled generators. This generator provides 28% more starting power than competing air-cooled units, making it suitable for larger homes. It's 68% more space-efficient than liquid-cooled alternatives. It can connect to grid programs to offset energy costs, serving as both a backup power source and a virtual power plant during peak demand. They aim to make backup power more accessible and cost-effective for homeowners.
  

This Asia Pacific air cooled home standby gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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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 countries:

• China
• Australia
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines