Market Overview:
A standby home generator keeps the power on during an outage. This is a back-up electrical system that operates automatically. Its installed outside the house and comes on automatically whether near home or away. All within seconds of a power outage. The market is expected to mark significant growth over the forecasted period owing to the increasing demand for uninterrupted power supply and dependency on electricity for various work. Growing awareness of emergency backup power is trending in this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Generac (United States), Cummins Power Systems (United States), KOHLER (United States), Briggs & Stratton (United States), Yamaha (Japan), Caterpillar (United States), TTI (United States), Honda (India), Itopower (China) and Hyundai Power (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Home Standby Generators Market Study:
Generac (United States), Cummins Power Systems (United States), KOHLER (United States), Briggs & Stratton (United States), Yamaha (Japan), Caterpillar (United States), TTI (United States), Honda (India), Itopower (China) and Hyundai Power (United Kingdom)
Home Standby Generators Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | an alternative source of supply in case there is a power supply failure. |
Type | Air Cooled and Liquid Cooled |
By Phase | Single Phase,Three Phase |
By Fuel | Diesel,Gas,Others |
By Power | <10 kVA,10 - 50 kVA,50 100 kVA,>100 kVA |
Influencing Trend:
Growing Awareness toward Emergency Backup Power
Market Growth Drivers:
Increasing Intensity & Frequency of Weather-Related Disasters and Rapid Urbanization Worldwide
Challenges:
Use of Renewable Power Generation Process
Restraints:
High Installation & Maintenance Costs
Opportunities:
Growing Demand for Uninterrupted Power Supply and Increasing Dependency on Electricity
Some of the other players that are also part of study are Eaton (Ireland), Sawafuji (Japan) and Loncin (China). The Global Home Standby Generators market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In July 2023,Kohler Co. is excited to announce that its 10 new exclusive colors on home standby generators are now available to consumers. The striking new colors enhance customization options within the home standby generator category.
In July, 2023 Kohler Co. releases its 26 kW (26RCA) air-cooled home standby generator. This new model rounds out Kohler's air-cooled home generator offering, providing homeowners, dealers and partners with air-cooled backup power solutions from 6 kW through 26 kW.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Home Standby Generators market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Home Standby Generators market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Home Standby Generator Manufacturer, Home Standby Generator Supplier/Distributors, Raw Material Suppliers and Electric Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.