Residential Generators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Residential generators are commonly used to provide backup electrical power to security systems, HVAC systems, and other household appliances. An increase in the frequency of power outages across the globe is the prime factor responsible for the residential generator market growth during the forecast period. Moreover, rapid urbanization, growing population, increasing disposable income, and high per capita electricity consumption also increase the demand for generators in the residential sector.

MARKET DYNAMICS

The increase in a number of natural calamities, rise in weather-related power problems, distribution line failure, transmission line failure, faults in the equipment of power station or substation, and repair work are growing need for the power back-up facility which anticipating in the growth of the residential generators market over the forecast period. However, increasing deployment of solar power systems, and the limited duration of power cut may hamper the residential generators market growth. Further, the proliferation of natural-gas fuel generators, the rise in awareness of portable generators, and the increase in the need for power backup facilities are expected to accelerate the growth of the residential generators market growth in the coming years.

MARKET SCOPE

The "Global Residential Generators Market Analysis to 2031" is a specialized and in-depth study of the residential generators industry with a special focus on the global market trend analysis. The report aims to provide an overview residential generators market with detailed market segmentation as fuel, type, power rating, phase, and geography. The global residential generators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading residential generators market players and offers key trends and opportunities in the residential generators market.

MARKET SEGMENTATION

The global residential generators market is segmented on the basis of fuel, type, power rating, phase. On the basis of fuel the market is segmented as diesel, natural gas, others. On the basis of type the market is segmented as stationary, portable. On the basis of power rating the market is segmented as below 50 kw, 50 kw - 100 kw, above 100 kw. On the basis of phase the market is segmented as single phase, three phase.

REGIONAL FRAMEWORK

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

The report analyzes factors affecting residential generators market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the residential generators market in these regions.

MARKET PLAYERS

The reports cover key developments in the residential generators 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 partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Residential generators market are anticipated to lucrative growth opportunities in the future with the rising demand for residential generators in the global market. Below mentioned is the list of few companies engaged in the residential generators market.

The report also includes the profiles of key residential generators companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Atlas Copco
  
•   Briggs & Stratton
  
•   Caterpillar Inc.
  
•   Cummins Inc.
  
•   Generac Power Systems, Inc.
  
•   Honda Motor Co., Ltd
  
•   Honeywell International Inc.
  
•   Kirloskar Oil Engines Limited (KOEL)
  
•   Kohler Co.
  
•   PR INDUSTRIAL srl
  
  

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

Residential Generators Report Scope