Global Residential Generators Market to Reach USD 4367.32 Million by 2028, Driven by Increasing Demand for Backup Power Solutions and Eco-Friendly Alternatives

[San Francisco, USA] - A leading market research reseller company called Trouve360Reports has just put out a new market research report on the global residential generators market. The report gives a thorough look at the current state and future prospects of the residential generators market, with a focus on the key trends, drivers, and challenges that affect market growth.

The report, called "Global Residential Generators Market Research Report 2022 (Status and Outlook)," looks at market segments based on power rating, fuel type, and region. The study looks back at the market from 2018 to 2022 and predicts the size of the market and how much it could grow from 2023 to 2027.

The global market for residential generators is expected to be worth USD 4367.32 million by 2028, up from USD 2755.60 million in 2021. This represents a CAGR of 6.80% during the forecast period. The main thing driving the market is the growing need for backup power solutions in homes, especially in areas where there are often power outages or natural disasters. In the coming years, home generators are also likely to become more popular because smart homes and home automation are becoming more popular.

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The report also talks about the rise of new and eco-friendly home generators, like hybrid generators and generators that run on solar power. In the coming years, these solutions are likely to become more popular as people become more aware of the need for green and sustainable power solutions.

Based on the type of fuel, the report divides the market into portable diesel type, portable gasoline type, portable other (gas, propane) type, standby diesel type, standby gasoline type, and standby other (gas, propane) type. The global market is also split up by how it is used: less than 4 kw, 4-8 kw, 8-17 kw, and more than 17 kw.

The report looks at North America, Europe, the Asia-Pacific region, Latin America, the Middle East, and Africa. North America is expected to have the largest market share because there are so many residential generators there, especially in places where bad weather often causes power outages.

During the forecast period, North America is expected to have the largest market share. This is because there are a lot of residential generators in the region, especially in places where bad weather often causes power outages. Residential generators are likely to become more popular in North America because more people are becoming aware of the need for backup power solutions and because smart homes and home automation are becoming more popular.

The market for residential generators is also expected to grow a lot in Europe. This is because more and more homes are using renewable and environmentally friendly power sources. Extreme weather has also caused more power outages in the area, which is likely to increase the number of people who want to buy home generators.

If you have any special requirements about this report, please let us know and we can provide a custom report. Please visit at: https://www.trouve360reports.com/global-residential-generators-market-research-report-2022/?ff_landing=5&form=customized-report

During the forecast period, the Asia-Pacific region is expected to grow at the fastest rate. This is because there is a growing need for power solutions in residential settings, especially in emerging economies like China and India. The number of power outages caused by natural disasters is also expected to push more people in the region to buy home generators.

During the next few years, the residential generators market is expected to grow slowly in Latin America, the Middle East, and Africa. Residential generators are likely to become more popular in these areas as the number of power outages caused by bad weather and the need for backup power solutions in homes grow.

For more information on the report, visit: https://www.trouve360reports.com/global-residential-generators-market-research-report-2022

The report also talks about Briggs & Stratton Corporation, Cummins Inc., Generac Holdings Inc., Honda Motor Co., Ltd., Kohler Co., and other major players in the global market for residential generators. The study looks at the different players in the market and how they try to get ahead.

Overall, the report gives a thorough and detailed look at the global residential generator market. This will be helpful for companies that want to grow their market share and stay ahead of the competition.

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