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Home Standby Gensets Market Share

  • Report ID: GMI3308
  • Published Date: Feb 2023
  • Report Format: PDF
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Home Standby Gensets Market Share

Top companies operating in the home standby gensets market are

  • Cummins
  • Kohler Co.
  • Kirloskar
  • Generac Power Systems
  • Rolls-Royce plc
  • Caterpillar
  • Eaton
  • Mahindra POWEROL
  • Champion Power Equipment
  • Ashok Leyland
  • Powerica Limited
  • HIMOINSA
  • Gillette Generators
  • PR INDUSTRIAL
  • HIPOWER

These firms primarily focus on product innovation to stay ahead in the competitive scenario. For instance, in July 2022, HIPOWER Systems, a Yanmar Group company, introduced new models as part of the HNI spark-ignited standby series that range from 80 kW to 150 kW. These models are created for healthcare, data management, or other installations requiring standby gensets.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of home standby gensets crossed USD 7.9 billion in revenue in 2023 and is set to progress at more than 6.7% gains through 2032 owing to the soaring intensity of weather-related disasters globally.

The < 10 kVA segment clocked over 30% of the global market share in 2022 due to the widespread use of these gensets in small houses to meet basic power requirements as an affordable emergency power solution.

The air cooled segment is poised to showcase more than 6.5% growth rate between 2023 and 2032 as a result of its easy structure, low fuel consumption, less air requirement, and minimal risks of frost cracking.

Europe held over 15% of the revenue share in 2022 on account of the ongoing paradigm shift in people's dependency on electronics and electrical appliances in the region.

Home Standby Gensets Market Scope

  • Home Standby Gensets Market Size
  • Home Standby Gensets Market Analysis
  • Home Standby Gensets Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 15
    • Tables & Figures: 1309
    • Countries covered: 36
    • Pages: 595
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