Home Standby Gensets Market

Global Home Standby Gensets Market Size, Trends & Analysis - Forecasts to 2029 By Type (Stationary and Portable), By Fuel (Gasoline, Diesel, Gas, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Energy & Power
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This report was recently updated on December 20 2024 with the latest and most recent market numbers

Global Home Standby Gensets Market Size

The global home standby gensets market is projected to grow at a CAGR of 6.3% from 2024 to 2029.

The market for home standby gensets is growing rapidly due to the increasing frequency of power outages and the rising demand for an uninterrupted power supply among homeowners. Automatic standby generators, also referred to as home standby generators, have become indispensable investments for households that require dependable backup during emergencies and severe weather events. Energy-efficient standby generators have been developed as a result of market innovations, which include advanced features such as automatic start/shutdown, remote monitoring for generators, and enhanced fuel efficiency paired with quiet standby generators. These developments are designed to meet the diverse requirements of consumers, thereby increasing the appeal of standby generators for residential use.

A significant benefit of standby generator reliability is ensuring uninterrupted power transmission during blackouts without requiring human intervention. Homeowners are assured that their essential appliances are operational, which provides them with peace of mind. Nevertheless, the initial installation costs and ongoing maintenance expenses can be higher than those of portable generators. Standby generator fuel options like natural gas, propane, and diesel provide flexibility but may necessitate access to specific infrastructure or storage considerations, which can influence consumer choices in different regions. In general, standby generator market trends indicate that the rise in awareness and standby power options in power outage-prone areas drives the continued adoption of residential standby generators on a global scale.

global home standby gensets market

Global Home Standby Gensets Market: By Type

The stationary segment is expected to hold the largest share of the market during the forecast period. The market for stationary home standby gensets is expanding due to the growing demand for dependable residential backup power solutions. The appeal of standby generators lies in their automatic operation during power outages, providing seamless electricity to homes without homeowner intervention. These solutions are becoming increasingly appealing to homeowners seeking long-term dependability and peace of mind in times of emergency due to their convenience and technical improvements that have boosted efficiency and communication.

The portable segment is analyzed to be the fastest-growing segment in the market from 2024 to 2029. Standby generator sizes differ among homeowners with smaller properties or tighter budgets, who are increasingly turning to portable standby generators for their reduced initial costs in comparison to stationary or whole house generators. They appeal to a broad residential market, further supported by technological advancements such as inverter generators, which provide a more consistent and clearer power output. This segment is growing due to their ease of use and maintenance, making them an attractive option for homeowners seeking cost-effective emergency power solutions that necessitate minimal generator installation services or professional assistance.

Global Home Standby Gensets Market: By Fuel

The diesel segment is analyzed to hold the largest market share from 2024 to 2029. The primary benefits of diesel-fueled standby gensets are their exceptional performance, cost-effectiveness, and easy fuel availability. Consequently, they have significant industry potential. Diesel generators are well-suited for fueling larger homes or equipment with greater electrical requirements due to their superior power output capabilities.

The gas segment is analyzed to be the fastest-growing segment in the market from 2024 to 2029. Standby genset manufacturers prioritize incorporating natural gas and propane alternatives in the household standby genset market. In urban areas with reliable gas infrastructure, these fuels offer convenience and emit fewer emissions. By ensuring uninterrupted operation, generator transfer switches, essential for the safe and automatic transmission of electricity during power outages, contribute to this development in the market.

asia pacific home standby gensets market

Global Home Standby Gensets Market: By Region

North America is expected to be the largest region in the global market. Generator backup systems are required in the region due to the frequent power disruptions caused by severe weather events such as cyclones and storms during the winter. By ensuring that gensets are adequately serviced and operational during critical times of need, standby generator maintenance services are well-developed in North America, supporting widespread adoption.

Asia Pacific is predicted to witness rapid growth during the forecast period. To improve the efficacy and reliability of the region, which is prone to frequent power outages and complete power failures, generator load management systems are being implemented to regulate an uninterrupted power supply. This results in homeowners purchasing dependable home standby generators, driving market growth further.

Global Home Standby Gensets Market Share and Competitor Analysis

American Honda Motor Co., Inc., Mahindra POWEROL, Briggs and Stratton Corporation, Caterpillar Inc., Champion Power Equipment Inc., Eaton Corporation PLC, Cummins Inc., KOHLER CO., Generac Holdings INC., and Honda Motor CO., LTD., among others, are some of the key players operating in the global home standby gensets market. Please note: This is not an exhaustive list of companies profiled in the report.

Global Home Standby Gensets Market: Recent Developments

On January 10, 2024, Champion Power Equipment Inc. launched a new 22 kW home standby generator. This system includes a 200-amp aXis automatic transfer switch for seamless operation, managing home power needs automatically to improve efficiency and reduce costs.
On July 17, 2023, Kohler launched a new 26 kW home standby generator, completing its range of air-cooled backup power solutions. This addition now offers homeowners, dealers, and partners a comprehensive lineup from 6 kW to 26 kW, catering to diverse residential needs.

 

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL HOME STANDBY GENSETS MARKET, BY TYPE

4.1   Introduction

4.2   Home Standby Gensets Market: Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Stationary

4.4.1        Stationary Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Portable

4.5.1        Portable Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL HOME STANDBY GENSETS MARKET, BY FUEL

5.1   Introduction

5.2   Home Standby Gensets Market: End User Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Gasoline

5.4.1        Gasoline Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Diesel

5.5.1        Diesel Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Gas

5.6.1        Gas Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Others

5.7.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL HOME STANDBY GENSETS MARKET, BY REGION

6.1   Introduction

6.2   North America Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Type

6.2.2        By Fuel

6.2.3        By Country

6.2.3.1     U.S.. Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Type

6.2.3.1.2        By Fuel

6.2.3.2     Canada Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Type

6.2.3.2.2        By Fuel

6.2.3.3     Mexico Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Type

6.2.3.3.2        By Fuel

6.3   Europe Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Type

6.3.2        By Fuel

6.3.3        By Country

6.3.3.1     Germany Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Type

6.3.3.1.2        By Fuel

6.3.3.2     U.K.. Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Type

6.3.3.2.2        By Fuel

6.3.3.3     France Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Type

6.3.3.3.2        By Fuel

6.3.3.4     Italy Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Type

6.3.3.4.2        By Fuel

6.3.3.5     Spain Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Type

6.3.3.5.2        By Fuel

6.3.3.6     Netherlands Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Type

6.3.3.6.2        By Fuel

6.3.3.7     Rest of Europe Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Type

6.3.3.6.2        By Fuel

6.4   Asia Pacific Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Type

6.4.2        By Fuel

6.4.3        By Country

6.4.3.1     China Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Type

6.4.3.1.2        By Fuel

6.4.3.2     Japan Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Type

6.4.3.2.2        By Fuel

6.4.3.3     India Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Type

6.4.3.3.2        By Fuel

6.4.3.4     South Korea Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Type

6.4.3.4.2        By Fuel

6.4.3.5     Singapore Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Type

6.4.3.5.2        By Fuel

6.4.3.6     Malaysia Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Type

6.4.3.6.2        By Fuel

6.4.3.7     Thailand Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Type

6.4.3.6.2        By Fuel

6.4.3.8     Indonesia Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Type

6.4.3.7.2        By Fuel

6.4.3.9     Vietnam Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Type

6.4.3.8.2        By Fuel

6.4.3.10  Taiwan Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Type

6.4.3.10.2 By Fuel

6.4.3.11  Rest of Asia Pacific Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Type

6.4.3.11.2 By Fuel

6.5   Middle East and Africa Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Type

6.5.2        By Fuel

6.5.3        By Country

6.5.3.1     Saudi Arabia Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Type

6.5.3.1.2        By Fuel

6.5.3.2     U.A.E. Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Type

6.5.3.2.2        By Fuel

6.5.3.3     Israel Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Type

6.5.3.3.2        By Fuel

6.5.3.4     South Africa Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Type

6.5.3.4.2        By Fuel

6.5.3.5     Rest of Middle East and Africa Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Type

6.5.3.5.2        By Fuel

6.6   Central and South America Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Type

6.6.2        By Fuel

6.6.3        By Country

6.6.3.1     Brazil Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Type

6.6.3.1.2        By Fuel

6.6.3.2     Argentina Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Type

6.6.3.2.2        By Fuel

6.6.3.3     Chile Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Type

6.6.3.3.2        By Fuel

6.6.3.3     Rest of Central and South America Home Standby Gensets Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Type

6.6.3.3.2        By Fuel

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        American Honda Motor Co., Inc.

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Mahindra POWEROL

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Briggs and Stratton Corporation

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Caterpillar Inc.

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Champion Power Equipment Inc.

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        EATON CORPORATION PLC

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Cummins Inc.  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        KOHLER CO.

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        GENERAC HOLDINGS INC.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      HONDA MOTOR CO., LTD.

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

2 Stationary Market, By Region, 2021-2029 (USD MILLION)

3 Portable Market, By Region, 2021-2029 (USD MILLION)

4 Global Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

5 Gasoline Market, By Region, 2021-2029 (USD MILLION)

6 Diesel Market, By Region, 2021-2029 (USD MILLION)

7 Gas Market, By Region, 2021-2029 (USD MILLION)

8 Others Market, By Region, 2021-2029 (USD MILLION)

9 Regional Analysis, 2021-2029 (USD MILLION)

10 North America Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

11 North America Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

12 North America Home Standby Gensets Market, By COUNTRY, 2021-2029 (USD MILLION)

13 U.S.. Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

14 U.S.. Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

15 Canada Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

16 Canada Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)               

17 Mexico Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

18 Mexico Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

19 Europe Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

20 Europe Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

21 Europe Home Standby Gensets Market, By Country, 2021-2029 (USD MILLION)      

22 Germany Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)            

23 Germany Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)           

24 U.K.. Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

25 U.K.. Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

26 France Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

27 France Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

28 Italy Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

29 Italy Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

30 Spain Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

31 Spain Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)   

32 Netherlands Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

33 Netherlands Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

34 Rest Of Europe Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

35 Rest Of Europe Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

36 Asia Pacific Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

37 Asia Pacific Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

38 Asia Pacific Home Standby Gensets Market, By Country, 2021-2029 (USD MILLION)

39 China Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

40 China Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)   

41 Japan Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

42 Japan Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)   

43 India Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

44 India Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)    

45 South Korea Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

46 South Korea Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

47 Singapore Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

48 Singapore Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

49 Thailand Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)            

50 Thailand Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)            

51 Malaysia Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)            

52 Malaysia Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)           

53 Indonesia Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

54 Indonesia Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

55 Vietnam Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)              

56 Vietnam Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)              

57 Taiwan Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION) 

58 Taiwan Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

59 Rest of APAC Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

60 Rest of APAC Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)   

61 Middle East and Africa Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)            

62 Middle East and Africa Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)            

63 Middle East and Africa Home Standby Gensets Market, By Country, 2021-2029 (USD MILLION)   

64 Saudi Arabia Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

65 Saudi Arabia Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

66 UAE Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

67 UAE Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

68 Israel Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

69 Israel Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION) 

70 South Africa Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

71 South Africa Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

72 Rest Of Middle East and Africa Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)       

73 Rest Of Middle East and Africa Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)       

74 Central and  South America Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION) 

75 Central and South America Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)  

76 Central and South America Home Standby Gensets Market, By Country, 2021-2029 (USD MILLION)

77 Brazil Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

78 Brazil Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION) 

79 Chile Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

80 Chile Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)    

81 Argentina Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)

82 Argentina Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)

83 Rest Of Central and South America Home Standby Gensets Market, By Type, 2021-2029 (USD MILLION)       

84 Rest Of Central and South America Home Standby Gensets Market, By Fuel, 2021-2029 (USD MILLION)       

85 American Honda Motor Co., Inc.: Products & Services Offering

86 Mahindra POWEROL: Products & Services Offering

87 Briggs and Stratton Corporation: Products & Services Offering

88 Caterpillar Inc.: Products & Services Offering

89 Champion Power Equipment Inc.: Products & Services Offering

90 EATON CORPORATION PLC: Products & Services Offering

91 Cummins Inc.: Products & Services Offering

92 KOHLER CO.: Products & Services Offering

93 GENERAC HOLDINGS INC.: Products & Services Offering

94 HONDA MOTOR CO., LTD.: Products & Services Offering        

95 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Home Standby Gensets Market Overview

2 Global Home Standby Gensets Market Value From 2021-2029 (USD MILLION)

3 Global Home Standby Gensets Market Share, By Type (2023)

4 Global Home Standby Gensets Market Share, By Fuel (2023)

5 Global Home Standby Gensets Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Home Standby Gensets Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Home Standby Gensets Market

10 Impact Of Challenges On The Global Home Standby Gensets Market

11 Porter’s Five Forces Analysis

12 Global Home Standby Gensets Market: By Type Scope Key Takeaways

13 Global Home Standby Gensets Market, By Type Segment: Revenue Growth Analysis

14 Stationary Market, By Region, 2021-2029 (USD MILLION)

15 Portable Market, By Region, 2021-2029 (USD MILLION)

16 Global Home Standby Gensets Market: By Fuel Scope Key Takeaways

17 Global Home Standby Gensets Market, By Fuel Segment: Revenue Growth Analysis

18 Gasoline Market, By Region, 2021-2029 (USD MILLION)

19 Diesel Market, By Region, 2021-2029 (USD MILLION)

20 Gas Market, By Region, 2021-2029 (USD MILLION)

21 Others Market, By Region, 2021-2029 (USD MILLION)

22 Regional Segment: Revenue Growth Analysis

23 Global Home Standby Gensets Market: Regional Analysis

24 North America Home Standby Gensets Market Overview

25 North America Home Standby Gensets Market, By Type

26 North America Home Standby Gensets Market, By Fuel

27 North America Home Standby Gensets Market, By Country

28 U.S.. Home Standby Gensets Market, By Type

29 U.S.. Home Standby Gensets Market, By Fuel

30 Canada Home Standby Gensets Market, By Type

31 Canada Home Standby Gensets Market, By Fuel

32 Mexico Home Standby Gensets Market, By Type

33 Mexico Home Standby Gensets Market, By Fuel

34 Four Quadrant Positioning Matrix

35 Company Market Share Analysis

36 American Honda Motor Co., Inc.: Company Snapshot

37 American Honda Motor Co., Inc.: SWOT Analysis

38 American Honda Motor Co., Inc.: Geographic Presence

39 Mahindra POWEROL: Company Snapshot

40 Mahindra POWEROL: SWOT Analysis

41 Mahindra POWEROL: Geographic Presence

42 Briggs and Stratton Corporation: Company Snapshot

43 Briggs and Stratton Corporation: SWOT Analysis

44 Briggs and Stratton Corporation: Geographic Presence

45 Caterpillar Inc.: Company Snapshot

46 Caterpillar Inc.: Swot Analysis

47 Caterpillar Inc.: Geographic Presence

48 Champion Power Equipment Inc.: Company Snapshot

49 Champion Power Equipment Inc.: SWOT Analysis

50 Champion Power Equipment Inc.: Geographic Presence

51 EATON CORPORATION PLC: Company Snapshot

52 EATON CORPORATION PLC: SWOT Analysis

53 EATON CORPORATION PLC: Geographic Presence

54 Cummins Inc.: Company Snapshot

55 Cummins Inc.: SWOT Analysis

56 Cummins Inc.: Geographic Presence

57 KOHLER CO.: Company Snapshot

58 KOHLER CO.: SWOT Analysis

59 KOHLER CO.: Geographic Presence

60 GENERAC HOLDINGS INC.: Company Snapshot

61 GENERAC HOLDINGS INC.: SWOT Analysis

62 GENERAC HOLDINGS INC.: Geographic Presence

63 HONDA MOTOR CO., LTD.: Company Snapshot

64 HONDA MOTOR CO., LTD.: SWOT Analysis

65 HONDA MOTOR CO., LTD.: Geographic Presence

66 Other Companies: Company Snapshot

67 Other Companies: SWOT Analysis

68 Other Companies: Geographic Presence

The Global Home Standby Gensets Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Home Standby Gensets Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Home Standby Gensets Market.

Home Standby Gensets Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Home Standby Gensets Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Home Standby Gensets Market Share

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Frequently Asked Questions

The home standby gensets market is projected to grow at a CAGR of 6.3% from 2024 to 2029.
American Honda Motor Co., Inc., Mahindra POWEROL, Briggs and Stratton Corporation, Caterpillar Inc., Champion Power Equipment Inc., Eaton Corporation PLC, Cummins Inc., KOHLER CO., Generac Holdings INC., and Honda Motor CO., LTD., among others, are some of the key players operating in the home standby gensets market.
The residential standby generator sets market presents several opportunities, including the development of modular generator sets to cater to a wide range of requirements, expansion into regions with unreliable power networks, and the incorporation of intelligent remote-control systems for easy access, all driving market growth.
As homeownership rates and financial freedom rise, an increasing number of homes, particularly those of upscale homeowners, are investing in household generators to ensure long-term safeguards against electrical disruptions. Continuous market innovation has led to the development of sophisticated generators that boast enhanced energy efficiency, silent functioning, and automated start and stop capabilities. The increasing demand for dependable energy backup alternatives in residential environments is being met by these standby gensets, driving significant market growth.

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