2025 Home Standby Gensets Market Outlook: Opportunities, Growth Trends, and Strategic Analysis
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#What CAGR Is Anticipated for the Home Standby Gensets Market Through 2029?#_x000D_
The market size of home standby gensets has seen marked growth in the past few years. The market is projected to increase from $4.75 billion in 2024 to $5.02 billion in 2025 with a compound annual growth rate (CAGR) of 5.6%. This upward trend in the historical period can be credited to the enhancement in power reliability, upsurge in extreme weather conditions, the aging electrical infrastructure, a surge in power dependency, as well as a rise in healthcare requirements._x000D_
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The market size for home standby generators is predicted to experience robust expansion in the coming years, reaching $7 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.7%. This growth during the forecasted period can be ascribed to factors such as the rising home electrification, escalating climate change and natural disasters, an expanding aging population, an increased energy transition, and enhanced energy resilience. Prominent trends projected for the forecast period include the integration of smart technology, the usage of natural gas and propane as fuel options, improved transfer switches, comprehensive house backup, and portable standby generators._x000D_
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#What Market Forces Are Driving The Home Standby Gensets Sector In 2025 And Beyond?#_x000D_
The surge in urbanization is anticipated to fuel the expansion of the home standby gensets market in the future. Urbanization denotes the migration of people to city areas. Home standby generators, which can provide uninterrupted electricity for days if necessary, are linked directly to a home’s electrical network. The swift urbanization has escalated the demand for home standby gensets as a vast majority of city dwellers require these generators. For example, the United Nations Department of Economic and Social Affairs predicts that by 2050, 68% of the global population will reside in urban zones, with 90% of this growth happening in African and Asian areas. Consequently, the swift pace of urbanization is propelling the development of the home standby gensets market._x000D_
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#How Is The Global Home Standby Gensets Market Categorized By Segments?#_x000D_
The home standby gensets market covered in this report is segmented – _x000D_
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1) By Product Type: Air Cooled, Liquid Cooled_x000D_
2) By Fuel Type: Natural Gas, Diesel, Other Fuel Types_x000D_
3) By Phase Type: Single Phase, Three Phase_x000D_
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Subsegments:_x000D_
1) By Air Cooled: Portable Air Cooled Generators, Stationary Air Cooled Generators _x000D_
2) By Liquid Cooled: Residential Liquid Cooled Generators, Commercial Liquid Cooled Generators_x000D_
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#What Long-Term Trends Are Likely To Affect The Home Standby Gensets Market?#_x000D_
Leading firms in the home standby gensets market like Generac Holdings are strategically introducing high-powered generators, such as their Home Energy Storage System (HESS) product range, to stand out in the competitive market. The HESS are devices that are integrated to store energy either from renewable sources like solar panels or from the electrical grid for household use. They empower the homeowners with the capabilities to manage energy utilization efficiently, augment energy autonomy, and minimize electricity costs. For example, in September 2024, Generac Holdings, a US-based firm specialized in producing backup power generation products, introduced PWRcell 2 and PWRcell 2 MAX. The former comes with an 18 kWh capacity and up to 10 kW max continuous power, enabling it to power multiple household loads including a 5-ton A/C unit. The forthcoming PWRcell 2 MAX, on the other hand, will offer 11.5 kW max power, with the potential to accommodate loads exceeding 200A LRA. These two systems harmoniously interact with Generac’s generators that provide unrivaled backup during extended power outages by recharging while powering the home. Both also integrate with Ecobee smart thermostats for effective home energy management, an added advantage to homeowners looking to monitor and cut down on energy expenses. The PWRcell 2 is expected to hit the market by the end of the year, while PWRcell 2 MAX is set for launch in mid-2025._x000D_
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#Which Firms Are Considered Leaders In The Home Standby Gensets Market Space?#_x000D_
Major companies operating in the home standby gensets market include Cummins Inc., Briggs & Stratton Corp., Generac Holdings Inc., Caterpillar Inc., Honeywell International Inc., Eaton Corporation plc, Mahindra Powerol Ltd., Powerica Limited, HIMOINSA Yanmar Company, Ashok Leyland Ltd., Kirloskar Oil Engines Limited, Siemens AG, Kohler Co. Inc., Rolls-Royce Power Systems AG, MTU Onsite Energy GmbH, DuroMax Power Equipment, Atlas Corp., Doosan Portable Power, Gelec HK Limited, Aurora Generators Inc., RID GmbH, JS Power Solutions Pvt. Ltd., Champion Power Equipment Inc., Westinghouse Electric Corporation, Yamaha Motor Co. Ltd., Honda Motor Co. Ltd., Subaru Corporation, WEN Products Inc., Pulsar Products Inc., Buffalo Corporation, SUMEC Group _x000D_
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#What Role Do Regional Policies And Investments Play In Home Standby Gensets Market Expansion?#_x000D_
North America was the largest region in the home standby gensets market in 2024. The regions covered in the home standby gensets market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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