Market Executive Summary

Growing intensity and frequency of prolonged power disruptions on account of grid inadequacy, deteriorating weather conditions heighten consumer awareness of power reliability concerns. Home Standby Generator delivers power directly to home’s electrical system, backing up entire home or just the most essential items when the municipal power is out. New energy such as wind power in the United States accounts for a large proportion of power supply (more than 70%), but in severe weather conditions, the energy supply is unstable, and the power storage in the United States has not reached the level of South Korea, resulting in power outages due to tight power supply.North America is the largest consumer region in the world due to consumption habits. As for gas generators, a major advantage is that they do not require a fuel tank, so natural gas generator sets take up less space and can be more easily installed in tight spots, such as on the roof of a building, so it occupies a large market share.

The global market for Home Standby Generator was estimated to be worth US$ 1802.6 million in 2023 and is forecast to a readjusted size of US$ 4356.5 million by 2030 with a CAGR of 11.4% during the forecast period 2024-2030.

Global key players of home standby generator include Generac Holdings Inc., Briggs & Stratton Corporation, Kohler Co., Cummins Inc., etc. Global top three manufacturers hold a share over 77%. North America is the largest producer of home standby generator holds a share over 90%. In terms of product, natural gas is the largest segment, with a share over 87%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Home Standby Generator, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Home Standby Generator by region & country, by Type, and by Application.

The Home Standby Generator market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Home Standby Generator.

Market Segmentation

Global Home Standby Generator Companies Covered

Generac Holdings Inc., Briggs & Stratton Corporation, Kohler Co., Cummins Inc., Honeywell, Eaton, Champion Power Equipment, Inc.

Global Home Standby Generator Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Home Standby Generator Market, Segment by Type

Natural Gas

Gasoline

Propane

Diesel

Global Home Standby Generator Market, Segment by Application

Single Family

Multifamily

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Home Standby Generator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Home Standby Generator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Home Standby Generator in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

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