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Europe Liquid Cooled Home Standby Gensets Market
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Europe Liquid Cooled Home Standby Gensets Market Size
Europe Liquid Cooled Home Standby Gensets Market was valued at USD 641.7 million in 2023 and is estimated to grow at a CAGR of over 6.6% between 2024 and 2032. The ongoing refurbishment of T&D networks along with surge in weather related disasters will fuel the demand for these generator sets. For instance, the share of fatalities from natural disasters in the Europe surpasses 50% in 2022.
To get key market trends
A liquid-cooled home standby genset is a backup power generation system designed for residential use. Unlike air-cooled generators, which use air to dissipate heat, liquid-cooled generators utilize a liquid typically coolant or antifreeze to manage their operating temperature. Shifting consumer concern toward emissions and improved fuel efficiency along with flourishing real estate sector will augment the industry landscape.
Europe Liquid Cooled Home Standby Gensets Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2023 |
| Market Size in 2023 | USD 641.7 Million |
| Forecast Period 2024 to 2032 CAGR | 6.6% |
| Market Size in 2032 | USD 1.14 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
COVID– 19 Impact
The COVID- 19 was ineffective for liquid-cooled home standby generator sets market, the industry outlook is increasing by growing consumer awareness of the need for dependable backup power solutions during lockdowns and disruptions. The business environment has been enhanced by the growing emphasis on a consistent power supply and the growing popularity of the work from home model.
Europe Liquid Cooled Home Standby Gensets Market Trends
Paradigm shift toward the adoption of reliable power solutions that ensure continuity during power outages will drive Europe home standby gensets market. Increasing urbanization rate along with surging trend of work from home concept will play a significant role in shaping the demand curve for the industry. Ongoing development of residential building including apartments and duplexes will energize the business dynamics.
Europe Liquid Cooled Home Standby Gensets Market Analysis
Learn more about the key segments shaping this market
The > 25 kVA - 50 kVA rated liquid cooled home standby gensets market is set to exceed USD 550 million by 2032. The inability of grid networks to offer continuous & reliable electricity primarily during peak hours will augment the business landscape. Moreover, a significant shift in the adoption of these units from being a secondary option to becoming an essential component in numerous households will contribute to the growth of the industry.
Learn more about the key segments shaping this market
The gas fired generator sets market will witness a growth rate of over 6.5% through 2032. These systems are gaining popularity owing to their cleaner and convenient fuel source when compared to its available counterparts. Additionally, growing reliance of power backup solutions coupled with stringent government regulations to limit carbon emissions will drive the business growth.
Looking for region specific data?
The Germany liquid cooled home standby gensets is set to surpass USD 150 million by 2032. These units offer key benefits including compact size, high efficiency and lightweight, stimulating the business potential. Surging dependency of consumers on electrical & electronics appliances in line with favorable schemes and funding toward the development of housing sector will favor the industry scenario.
Europe Liquid Cooled Home Standby Gensets Market Share
Himoinsa specializes in manufacturing power generation solutions, including generators, lighting towers, and control panels. It offers a wide range of generator sets for various applications including industrial, commercial, residential, and rental markets. The company's products are known for their reliability, durability, and innovative features.
Europe Liquid Cooled Home Standby Gensets Market Companies
The key industry players are:
- Baudouin
- Cummins Inc.
- DEUTZ
- Eaton
- FG Wilson
- Generac Power Systems, Inc.
- Himoinsa
- Kirloskar
- Kohler Co.
- Lombardini Srl
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Multiquip Inc.
- Perkins Engines
- Pramac
- SDMO Industries
- Siemens Industry, Inc.
- Volvo Penta
- Yamaha Motor Co., Ltd.
Europe Liquid Cooled Home Standby Gensets Industry News
- In April 2023, HIMOINSA announced the acquisition of Powersil, a Portuguese company specializing in generator set sales, electrical panel and automation system design, and power generation system installation and maintenance. The company has two decades of experience, provides comprehensive power solutions, including generator sets and hybrid solutions, for mission-critical facilities like data centers and hospitals. This acquisition will help them in enhancing their position in the Portuguese market and expanding their services and solutions for customers.
- In January 2023, Generac Power Systems announced their partnership with ecobee smart thermostats to integrate their home standby generators with Wi-Fi and cellular support, creating a unified energy management platform for homeowners. This feature will allow users to monitor generator readiness during power outages and check propane fuel levels. The integration simplifies maintenance scheduling and issue resolution, enhancing home energy management.
This market research report on Europe liquid cooled home standby gensets includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2019 to 2032, for the following segments:
Market, By Power Rating
- ≤ 25 kVA
- > 25 kVA - 50 kVA
- > 50 kVA - 100 kVA
- > 100 kVA
Market, By Fuel
- Diesel
- Gas
- Others
Market, By Phase
- Single Phase
- Three Phase
The above information has been provided for the following countries:
- Russia
- UK
- Germany
- France
- Spain
- Austria
- Italy
Frequently Asked Question(FAQ) :
How big is the Europe liquid cooled home standby gensets market?
European market for liquid cooled home standby gensets was worth over USD 641.7 million in 2023 and is estimated to grow at 6.6% CAGR from 2024 to 2032, due to the ongoing refurbishment of T&D networks along with surge in weather related disasters.
Why is the use of > 25 kVA - 50 kVA liquid cooled home standby gensets growing in Europe?
Europe > 25 kVA - 50 kVA rated liquid cooled home standby gensets market is set to exceed USD 550 million by 2032, owing to the inability of grid networks to offer continuous and reliable electricity primarily during peak hours.
What is the value of the Germany liquid cooled home standby gensets market?
Germany liquid cooled home standby gensets industry is set to surpass USD 150 million by 2032, led by benefits including compact size, high efficiency and lightweight.
Which are leading liquid cooled home standby gensets companies in Europe?
Few of the prominent liquid cooled home standby gensets industry players include Baudouin, Cummins Inc., DEUTZ, Eaton, FG Wilson, Generac Power Systems, Inc., and Himoinsa.
