2028 Residential Generators Industry Report Growth Forecasts

Stratistics MRC's Global Acaricides Market value expected to reach $13.36 billion growing at a CAGR of 4.5% during 2020-2028.

Residential Generators are the most common kind of backup power solution. In an emergency, residential portable generator can provide critical backup power. During power outage, residential portable generators make sure that the most important items like refrigerators and freezers, lights, sump pumps, space heaters and window air conditioners are running, minimizing any disruption to ones' lifestyle, it goes on automatically when anyone needs it and shuts down automatically once main power is restored.
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By geography, North America is going to have high growth during the forecast period due to the factors like high population, extreme weather conditions, and increasing number of housing units and commercial buildings are major driving factor of the portable generator market in most of the countries of North America. And companies in the U.S. residential generators market are offering genset sizing calculation services to offer tailored solutions to customers which increase the market growth in the region.

Some of the key players profiled in the Residential Generators Market include Honda Motor Co. Ltd., Kohler Co., Scott's Emergency Lighting & Power Generation Inc., Generac Holdings Inc., General Electric Co., Cummins Power Systems, Briggs & Stratton Corporation, Techtronic Industries, Honeywell International, Inc., Hyundai Power, Atlas Copco AB, Westinghouse Electric Corporation, and Wuxi Kipor Power Co. Ltd.
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