About Household Generators
In today’s technology-driven era, people use an array of appliances, machines, and gadgets in their households to simplify lives. From coffee machines, blenders, washing machines to laptops, AC, TV, water purifiers, etc., all types of equipment run on electricity. The household generators are capable of powering all the major appliances used in a household. These generators run on petrol, diesel, kerosene and other fuels. So, one should decide on the type of generator that they would want in their house. Normally, the portable generators which run on diesel are suitable for home use. The wattage necessity of a home or small shop is generally below 5000 watts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The leading players in the market to avail competitive advantages continuously adapt the research and development process and making the technology up-gradation in the software. Also, with the strategic collaboration with another company in the same vertical, combine the technology and delivering user experience. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Household Generators market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Generac Power Systems (United States), Honda Power (United States), Eaton Corporation (Ireland), Honeywell (United States), Wacker Neuson (Germany), Briggs & Stratton (United States), Yamaha Motor Corporation (United States), Hyundai Power Equipment (United Kingdom), Cummins Power Systems (United States) and United Power Technology AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Champion Power Equipment (United States), Mi-T-M (United States), Pramac (Italy) and HGI Generators (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Household Generators market by Type (Portable and Standby) and Region.
On the basis of geography, the market of Household Generators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Household Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Less Than 4 KW will boost the Household Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Diesel will boost the Household Generators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Preference for Natural Gas-Fueled Generators
Market Growth Drivers:
Growing Need for Power Backup Facility and Increasing Demand for Low-Cost and Diesel-Fueled Generators
Challenges:
Concerns Regarding Carbon Emissions from Diesel Generators
Restraints:
Limited Period of Power Output
Opportunities:
Rising Awareness of Portable Generators among End Users
Market Leaders and their expansionary development strategies
In August 2023, A-iPower, a leading manufacturer of inverter and portable generators, fluid pumps, and pressure washers, has been named the preferred generator of the NHRA as part of a new multiyear sponsorship, this partnership, A-iPower will provide NHRA with its high-quality generators to help power national events on the NHRA Camping World Drag Racing Series tour.
In November 2023, Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, unveiled today the HyFlex demonstration unit, its Hydrogen Power Generator in Gothenburg, Sweden. During an event held with Hitachi Energy’s technology partner, PowerCell Group, around 100 senior representatives from companies in various industries took part in the demonstration.
The Resource Conservation and Recovery Act (RCRA) regulations establish basic hazardous waste management standards for persons who produce hazardous waste, called hazardous waste generators. The generator regulations ensure that hazardous waste is appropriately identified and handled safely to protect human health and the environment while minimizing interference with daily business operations.
Key Target Audience
Manufacturers of Household Generator, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Household Generator, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.