PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441946
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441946
Gas Home Standby Gensets Market Size - By Power Rating (= 10 kVA, > 10 kVA - 50 kVA, > 50 kVA - 100 kVA, > 100 kVA), By Phase (Single Phase, Three Phase), By Product (Air Cooled, Liquid Cooled), & Forecast, 2024 - 2034
Global Gas Home Standby Gensets Market size will register a 7.4% CAGR from 2024 to 2034, driven by awareness of the environmental advantages of cleaner-burning natural gas. With increased concern about climate change, consumers are actively seeking eco-friendly alternatives. Natural gas emerges as a cleaner and more sustainable choice, aligning with the global shift towards greener energy solutions. This heightened environmental consciousness will drive the adoption of gas home standby gensets, meeting both power backup needs and contributing to a more sustainable energy landscape.
For instance, in February 2023, Cummins Inc. unveiled the C200N6B and C175N6B, two new natural gas generators that share the QSJ8.9G engine platform with the well-received C125N6 and C150N6 generators. These latest additions uphold the proven performance of their predecessors, catering to diverse industrial applications. This strategic move fortifies the gas home standby gensets industry by expanding its offerings with advanced natural gas generators, meeting the growing demand for efficient and eco-friendly backup power solutions.
The gas home standby gensets industry is segmented based on power rating, phase type, and region.
The > 10 kVA-50 kVA segment will achieve a remarkable valuation by 2032, attributed to the segment's versatility in catering to diverse applications, from residential to small-scale commercial establishments. As consumers prioritize higher power capacities for extended backup during outages, the >10 kVA-50 kVA range will emerge as a preferred choice. The market's emphasis on robust and reliable standby power solutions will position this segment at the forefront of growth.
The single phase segment will gain a noteworthy gas home standby gensets market share between 2024 and 2034, propelled by the widespread adoption of single phase gensets for residential applications, where compact and versatile power solutions are essential. Single-phase generators are well-suited for meeting the requirements of smaller households, emphasizing their efficiency in providing reliable backup power. As homeowners increasingly prioritize uninterrupted electricity supply, the single-phase segment will maintain its prominence, reflecting the evolving preferences in the gas home standby gensets market.
Asia-Pacific gas home standby gensets industry share will grow at a significant CAGR from 2024 to 2034, fueled by rapid urbanization, escalating energy demand, and a growing focus on reliable power backup solutions. As economies in the region continue to expand, there is an increased awareness of the importance of uninterrupted power supply, driving the adoption of gas home standby gensets. Besides, government initiatives promoting clean energy alternatives will contribute to the region's prominence in the evolving market outlook.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Unpaid sources
Chapter 2 Executive Summary
- 2.1 Gas home standby gensets industry 360 degree synopsis, 2019 - 2034
- 2.1.1 Business trends
- 2.1.2 Power rating trends
- 2.1.3 Phase trends
- 2.1.4 Product trends
- 2.1.5 Regional trends
Chapter 3 Gas Home Standby Gensets Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 COVID- 19 impact on the industry outlook
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.2 Industry pitfalls & challenges
- 3.5 Growth potential analysis
- 3.6 Porter's analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.7 PESTEL Analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
Chapter 5 Gas Home Standby Gensets Market, By Power Rating (Units & USD)
- 5.1 Key trends, By Power Rating
- 5.2 < 10 kVA
- 5.3 > 10 kVA - 50 kVA
- 5.4 > 50 kVA - 100 kVA
- 5.5 > 100 kVA
Chapter 6 Gas Home Standby Gensets Market, By Phase (Units & USD)
- 6.1 Key trends, by phase
- 6.2 Single phase
- 6.3 Three phase
Chapter 7 Gas Home Standby Gensets Market, By Product (Units & USD)
- 7.1 Key trends, by product
- 7.2 Air cooled
- 7.3 Liquid cooled
Chapter 8 Gas Home Standby Gensets Market, By Region (Units & USD)
- 8.1 Key trends, by region
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Russia
- 8.3.2 UK
- 8.3.3 Germany
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Austria
- 8.3.7 Italy
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Australia
- 8.4.3 India
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
- 8.4.8 Thailand
- 8.4.9 Vietnam
- 8.4.10 Philippines
- 8.5 Middle East
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 Qatar
- 8.5.4 Turkey
- 8.5.5 Iran
- 8.5.6 Oman
- 8.6 Africa
- 8.6.1 Egypt
- 8.6.2 Nigeria
- 8.6.3 Algeria
- 8.6.4 South Africa
- 8.6.5 Angola
- 8.6.6 Kenya
- 8.6.7 Mozambique
- 8.7 Latin America
- 8.7.1 Brazil
- 8.7.2 Mexico
- 8.7.3 Argentina
- 8.7.4 Chile
Chapter 9 Company Profiles
- 9.1 Generac Power Systems
- 9.2 Kohler Co.
- 9.3 Briggs & Stratton Corporation
- 9.4 Cummins Inc.
- 9.5 Honeywell International Inc.
- 9.6 Eaton Corporation
- 9.7 Champion Power Equipment
- 9.8 Westinghouse Electric Corporation
- 9.9 Winco Inc.
- 9.10 Firman Power Equipment
- 9.11 Duromax Power Equipment
- 9.12 Yamaha Motor Co., Ltd.
- 9.13 Honda Motor Co., Ltd.
- 9.14 Caterpillar Inc.
- 9.15 WEN Products
- 9.16 Lifan Power USA
- 9.17 Atlas Copco AB
- 9.18 Blue Star Power Systems
- 9.19 Himalayan Power Machines Mfg Co.
- 9.20 Pulsar Products Inc.
