
North America Home Standby Gensets Market
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According to a recent study by Global Market Insights Inc., the North America home standby gensets market was estimated at USD 3.5 billion in 2024. The market is expected to grow from USD 3.7 billion in 2025 to USD 7.6 billion by 2034, at a CAGR of 8.2%.

| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2024 |
| Market Size in 2024 | USD 3.5 Billion |
| Market Size in 2025 | USD 3.7 Billion |
| Forecast Period 2025 - 2034 CAGR | 8.2% |
| Market Size in 2034 | USD 7.6 Billion |
| Key Market Trends | |
| Drivers | Impact |
| Surging intensity of weather-related disasters | Frequent storms and extreme weather events increase power outages, boosting demand for reliable home standby gensets. |
| Unreliable grid infrastructure & ongoing refurbishment of T&D networks | Aging and unstable power grids, alongside modernization initiatives, encourage homeowners to adopt gensets for dependable backup electricity supply. |
| Extensive investments across the real estate sector | Rising residential construction and smart home projects drive genset installations to ensure uninterrupted power and enhance property value. |
| Pitfalls & Challenges | Impact |
| High operation & maintenance cost | Regular servicing, fuel expenses, and component replacements elevate lifecycle costs, discouraging widespread adoption of these gensets. |
| Increasing proportion of renewable based power generation | Growing solar and wind adoption reduces reliance on backup gensets, challenging market growth by offering cleaner, cost-effective alternatives. |
| Opportunities: | Impact |
| Weather-related outages | Rising frequency of storms and power disruptions drives homeowners to install standby gensets for assured, continuous electricity supply and comfort. |
| Integration with smart home technologies | Smart-enabled gensets offering remote operation, monitoring, and load optimization create premium product segments appealing to tech-savvy residential consumers. |
| Shift toward cleaner and hybrid power solutions | Emerging interest in natural gas, hybrid, and battery-backed gensets opens opportunities for manufacturers to deliver sustainable, low-emission alternatives. |
| Expansion of aftermarket and service offerings | Recurring maintenance contracts, performance monitoring, and extended warranties strengthen customer retention while creating consistent long-term revenue streams. |
| Market Leaders (2024) | |
| Market Leaders |
65% market share |
| Top Players |
Collective market share in 2024 is 90% |
| Competitive Edge |
|
| Regional Insights | |
| Largest Market | U.S. |
| Fastest Growing Market | Canada |
| Emerging Country | |
| Future Outlook |
|



Major players operating in the North America home standby gensets market are:
Market, By Power Rating
Market, By Fuel
Market, By Phase
Market, By Product
The above information has been provided for the following countries:
Key trends include integration with smart home systems and IoT features, shift toward cleaner hybrid power solutions, remote monitoring capabilities, and expansion of aftermarket service offerings with maintenance contracts.
Gas-fueled home standby gensets are projected to grow at a CAGR of 8.5% through 2034, driven by rising electricity costs and demand for energy self-sufficiency.
The U.S. dominated with around 85% share and generated USD 2.9 billion in revenue in 2024, driven by increasing electricity outages, aging grid infrastructure, and rising consumer awareness of energy resilience.
Key players include Atlas Copco, Caterpillar, Cummins, Generac Power Systems, HIMOINSA, Kirloskar, Honeywell International, Eaton, Champion Power Equipment, Rehlko, Aurora Generators, Briggs and Stratton, Sommers Generator Systems, KUBOTA Corporation, Xylem, Honda Motor, HIPOWER SYSTEMS, WINCO, Blue Star Power Systems, and Total Power.
The market size is projected to reach USD 3.7 billion in 2025.
The ≤ 10 kVA segment held approximately 35% market share in 2024.
Single phase home standby gensets held 61.5% market share in 2024 and is set to reach over USD 4.5 billion by 2034.
The market size was USD 3.5 billion in 2024, with a CAGR of 8.2% expected through 2034 driven by insufficient power supply, prolonged power outages, rising consumer spending, and increasingly stringent emissions regulations.
The North America home standby gensets market is expected to reach USD 7.6 billion by 2034, propelled by extreme weather events, aging grid infrastructure, and integration with smart home technologies.


