Household Generator Market Report: Trends, Forecast and Competitive Analysis to 2030

Household Generators Trends and Forecast

The future of the global household generator market looks promising with opportunities in the stationary and portable markets. The global household generator market is expected to reach an estimated $14.1 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are increasing frequency and duration of power outages, growing awareness towards the benefits of household generators, and increasing urbanization and rising disposable incomes.

A more than 150-page report is developed to help in your business decisions.

Household Generators by Segment

The study includes a forecast for the global household generators by product, power rating, fuel type, and region.

Household Generator Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Stationary
• Portable

Household Generator Market by Power Rating [Shipment Analysis by Value from 2018 to 2030]:

• Less Than 4 KW
• 4- 8 KW
• 8-17 KW
• More Than 17 KW

Household Generator Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:

• Gasoline
• Diesel
• Others

Household Generator Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Household Generators Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies household generators companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the household generators companies profiled in this report include-

• Generac Power Systems
• Briggs & Stratton
• Cummins
• American Honda Motor
• Yamaha Generators
• Kohler
• Multiquip
• Eaton
• Wacker Neuson SE

Household Generator Market Insights

Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period because they are more affordable and easier to operate as compared to diesel generators.

Within this market, portable will remain the largest segment because they are more versatile and affordable and also they can be easily transported to where they are needed.

APAC is expected to witness highest growth over the forecast period due to the increasing urbanization and industrialization along with rising demand for electricity from households.

Features of the Global Household Generator Market

Market Size Estimates: Household generators market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Household generators market size by product, power rating, fuel type, and region in terms of value ($B).

Regional Analysis: Household generators market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, power rating, fuel types, and regions for the household generator market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the household generator market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the household generator market size?

Answer: The global household generator market is expected to reach an estimated $14.1 billion by 2030.

Q.2 What is the growth forecast for household generator market?

Answer: The global household generator market is expected to grow with a CAGR of 6.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the household generator market?

Answer: The major drivers for this market are increasing frequency and duration of power outages, growing awareness towards the benefits of household generators, and increasing urbanization and rising disposable incomes.

Q4. What are the major segments for household generator market?

Answer: The future of the household generator market looks promising with opportunities in the stationary and portable markets.

Q5. Who are the key household generator market companies?

Answer: Some of the key household generators companies are as follows:

• Generac Power Systems
• Briggs & Stratton
• Cummins
• American Honda Motor
• Yamaha Generators
• Kohler
• Multiquip
• Eaton
• Wacker Neuson SE

Q6. Which household generator market segment will be the largest in future?

Answer: Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period because they are more affordable and easier to operate as compared to diesel generators.

Q7. In household generator market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the increasing urbanization and industrialization along with rising demand for electricity from households.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the household generator market by product (stationary and portable), power rating (less than 4 KW, 4- 8 KW, 8-17 KW, and more than 17 KW), fuel type (gasoline, diesel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?