가정용 대기 발전기 세트 시장 예측(-2030년) : 제품 유형, 연료 유형, 정격 출력, 용도, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Home Standby Genset Market is accounted for $8.5 billion in 2024 and is expected to reach $14.1 billion by 2030 growing at a CAGR of 8.7% during the forecast period. A home standby generator, or genset, is a backup power system designed to automatically provide electricity to a home during outages. Typically fueled by natural gas or propane, it is permanently installed outside the home and connected to the electrical system. When a power failure occurs, the genset detects the loss of utility power and activates within seconds, ensuring that essential appliances and systems remain operational. This reliable solution enhances home resilience, offering peace of mind during storms and emergencies.

According to the World Economic Forum, India has one of the world's fastest-growing economies. Consumer spending is expected to increase fourfold by 2030. By 2030, India's economy would shift from one dominated by the poor to the middle class. By 2030, the income group will account for 75% of all consumer spending.

Market Dynamics:

Driver:

Increasing demand for uninterrupted power

The demand for uninterrupted power in the market is surging, fueled by frequent power outages and heightened reliance on electrical devices. Homeowners seek reliable backup solutions to protect against disruptions caused by extreme weather, grid failures, and natural disasters. This growing awareness of the need for energy security drives investment in standby gensets, leading to advancements in technology. Manufacturers are responding by developing more efficient, quieter, and eco-friendly generators, catering to consumers' needs for dependable power in their homes.

Restraint:

Limited awareness

Limited awareness in the market significantly hampers consumer adoption and safety. Many homeowners remain uninformed about the benefits of these systems, such as energy reliability and emergency preparedness. This lack of knowledge can lead to poor decision-making, resulting in inadequate backup solutions or missed opportunities for protecting essential appliances during outages. Additionally, misconceptions about installation, maintenance, and operational costs may discourage potential buyers.

Opportunity:

Rising frequency and duration of power outages

The rising frequency and duration of power outages are driving growth in market. Increasingly severe weather events, aging electrical infrastructure, and higher energy demands contribute to this trend, leaving homeowners vulnerable to disruptions. As outages become more common and prolonged, the need for reliable backup power solutions intensifies. Home standby generators offer an effective way to maintain essential services during such disruptions, prompting more consumers to invest in these systems for enhanced security and peace of mind.

Threat:

Maintenance and operating costs

Maintenance and operating costs pose significant challenges in the market, potentially deterring consumers from investing in these systems. Ongoing expenses, such as fuel, routine maintenance, and repair services, can strain budgets and create concerns about long-term affordability. This financial burden can result in underutilization or neglect of essential maintenance, ultimately compromising the generator's reliability and effectiveness during power outages, which diminishes overall consumer confidence in the market.

Covid-19 Impact:

The COVID-19 pandemic had a notable impact on the market, as the need for reliable power became more evident during lockdowns and remote work scenarios. Homeowners increasingly sought backup power solutions to support essential devices and maintain comfort during outages. However, supply chain disruptions led to manufacturing delays and inventory shortages, hindering immediate access to generators. Despite these challenges, the pandemic fostered greater awareness of energy resilience, ultimately driving long-term interest and investment in standby generator systems.

The gas-powered generators segment is projected to be the largest during the forecast period

The gas-powered generators segment is projected to account for the largest market share during the projection period due to their efficiency and convenience. Typically fueled by natural gas or propane, these systems offer reliable backup power during outages, activating automatically to keep essential appliances running. Their ability to provide consistent energy without frequent refueling makes them popular among homeowners. Additionally, advancements in technology have led to quieter and more environmentally friendly models, enhancing their appeal.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is expected to have the highest CAGR during the extrapolated period. As reliance on electronic devices and smart home technologies rises, the demand for backup power solutions has intensified. Standby generators provide peace of mind by automatically supplying electricity when the grid fails, ensuring essential systems remain operational. Additionally, advancements in generator technology, such as quieter operation and improved fuel efficiency, are making these systems more appealing for residential use.

Region with largest share:

North America region is expected to hold the largest share of the market during the forecast period. Severe weather events and aging infrastructure have heightened consumer awareness of the need for reliable backup power. North American homeowners are investing in advanced standby gensets that offer convenience and efficiency, often equipped with smart technology for remote monitoring. Additionally, favorable government incentives and a growing trend toward sustainable energy solutions are further driving market expansion in the region.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period due to rising disposable incomes. Growing awareness about the importance of uninterrupted power supply, especially for critical home appliances, has fueled demand. As household incomes rise, more consumers are willing to invest in home comfort and security, which includes backup power systems. Innovations in generator technology, such as quieter, more fuel-efficient models and smart home integration, are attracting consumers.

Key players in the market

Some of the key players in Home Standby Genset market include Yamaha, Ashok Leyland, Honda, Powerdyne, Kirloskar, Eaton, SunPower, Caterpillar, Rolls-Royce plc, Kohler Co., Mahindra POWEROL, Cummins, Inc., Gillette Generators and Solectria.

Key Developments:

In April 2024, Cummins Power Generation launched two new models of generator sets as a continuum of their award-winning CentumTM Series powered by Cummins Inc.'s robust QSK78 engine.

In March 2024, Recon Technologies Pvt Ltd, the authorised generator original equipment manufacturer (GOEM) of Mahindra Powerol Genset has announced the launch of CPCBIV+ emission compliant range of diesel generators at Taj Deccan.

Product Types Covered:

• Gas-Powered Generators
• Diesel-Powered Generators
• Dual-Fuel Generators
• Portable Generators
• Inverter Generators
• Hybrid Generators
• Other Product Types

Fuel Types Covered:

• Natural Gas
• Propane
• Diesel
• Gasoline
• Biogas

Power Ratings Covered:

• Less than 10 kVA
• 10 kVA - 50 kVA
• 50 kVA - 100 kVA
• More than 100 kVA

Applications Covered:

• Backup Power
• Data Center Protection
• Critical Infrastructure
• Irrigation Systems
• Farm Equipment
• Other Applications

End Users Covered:

• Residential
• Commercial
• Industrial
• Agricultural
• Recreational
• Construction
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Home Standby Genset Market, By Product Type

• 5.1 Introduction
• 5.2 Gas-Powered Generators
• 5.3 Diesel-Powered Generators
• 5.4 Dual-Fuel Generators
• 5.5 Portable Generators
• 5.6 Inverter Generators
• 5.7 Hybrid Generators
• 5.8 Other Product Types

6 Global Home Standby Genset Market, By Fuel Type

• 6.1 Introduction
• 6.2 Natural Gas
• 6.3 Propane
• 6.4 Diesel
• 6.5 Gasoline
• 6.6 Biogas

7 Global Home Standby Genset Market, By Power Rating

• 7.1 Introduction
• 7.2 Less than 10 kVA
• 7.3 10 kVA - 50 kVA
• 7.4 50 kVA - 100 kVA
• 7.5 More than 100 kVA

8 Global Home Standby Genset Market, By Application

• 8.1 Introduction
• 8.2 Backup Power
• 8.3 Data Center Protection
• 8.4 Critical Infrastructure
• 8.5 Irrigation Systems
• 8.6 Farm Equipment
• 8.7 Other Applications

9 Global Home Standby Genset Market, By End User

• 9.1 Introduction
• 9.2 Residential
• 9.3 Commercial
• 9.4 Industrial
• 9.5 Agricultural
• 9.6 Recreational
• 9.7 Construction
• 9.8 Other End Users

10 Global Home Standby Genset Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Yamaha
• 12.2 Ashok Leyland
• 12.3 Honda
• 12.4 Powerdyne
• 12.5 Kirloskar
• 12.6 Eaton
• 12.7 SunPower
• 12.8 Caterpillar
• 12.9 Rolls-Royce plc
• 12.10 Kohler Co.
• 12.11 Mahindra POWEROL
• 12.12 Cummins, Inc.
• 12.13 Gillette Generators
• 12.14 Solectria