Home Standby Gensets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A standby generator is a back-up electrical system that operates automatically. Within seconds of a utility outage an automatic transfer switch senses the power loss, commands the generator to start and then transfers the electrical load to the generator. The standby generator begins supplying power to the circuits. After utility power returns, the automatic transfer switch transfers the electrical load back to the utility and signals the standby generator to shut off. It then returns to standby mode where it awaits the next outage. To ensure a proper response to an outage, a standby generator runs weekly self-tests. Most units run on diesel, natural gas, or liquid propane gas.

MARKET DYNAMICS

The global standby generator market is thriving on the back of the increasing energy and constant power supply needs, raising the need for emergency power backup sources, such as standby generators. Moreover, increasing research and development projects that have resulted in the development of advanced standby generators, growing collaboration and partnerships of large manufacturing companies, and the rising number of product launches are anticipated to contribute towards the growth of the global standby generator market.

MARKET SCOPE

The ˜Global Home Standby Generator Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the home standby generator market with detailed market segmentation by power rating, fuel, phase and product. The global home standby generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading home standby generator market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

1. By Power Rating: On the basis of power the market is divided into < 10 kVA, 10 kVA - 50 kVA, 50 kVA - 100 kVA, > 100 kVA
2. By Fuel: On the basis of fuel the market is divided into Diesel, Gas and Others.
3. By Phase: On the basis of phases, the market is divided into Single phase, and Three phase.
4. By Product: On the basis of product the market is divided into Air cooled, Liquid cooled.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The home standby generator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the home standby generator market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the home standby generator market in these regions.
IMPACT OF COVID 19
The sudden outspread of COVID-19 has resulted in halting of several industry operations across all economies following indefinite nationwide lockdowns and strict ban on public movement. However, continuing digital revolution attributed to upsurge in industry automation and technological upgradation will positively influence the market share. These units cater to a wide range of applications across residential, and light duty commercial sites, thereby enhancing the product penetration.

MARKET PLAYERS

The report covers vital developments in the home standby generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the home standby generator market are anticipated to have lucrative growth opportunities in the future with the rising demand for home standby generator in the global market. Below mentioned is the list of a few companies engaged in the home standby generator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home standby generator market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Ashok Leyland
  
•   Briggs and Stratton
  
•   Caterpillar
  
•   Champion Cummins
  
•   Eaton
  
•   Generac
  
•   HIMOINSA
  
•   Honeywell
  
•   Kohler
  
•   Powerica
  
•   Sommers
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Home Standby Gensets Report Scope