Press release
Home Standby Gensets Market Is Likely To See A Massive Surge In Demand And Growth In The Forecast Period 2023-2032
Home Standby Gensets Market
The Business Research Company's Home Standby Gensets Global Market Report 2023 identifies Rapid urbanization is expected to propel the growth of the home standby gensets market. The rapid urbanization had increased the use of home standby gensets as most of the urban people will be in need of home standby gensets.
The global home standby gensets market size grew from $4.12 billion in 2022 to $4.59 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The market size of the home standby gensets market is expected to grow to $6.66 billion in 2027 at a CAGR of 9.7%.
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Major competitors in the home standby gensets market are Cummins Inc., Briggs & Stratton, Generac Holdings Inc., Caterpillar Inc., Honeywell International Inc., Eaton Corporation PLC, Mahindra Powerol Ltd., Powerica Limited, HIMOINSA, Ashok Leyland, Kirloskar Oil Engines Limited, Siemens AG, Kohler Co. Inc., Rolls-Royce Power Systems AG, MTU Onsite Energy GmbH, and DuroMax Power Equipment.
Strategic partnerships and collaborations have emerged as the key trends in the home standby gensets market. Major companies operating in the home standby gensets are focused on partnerships and collaborations in order to expand their reach into new areas and become industry leaders.
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The home standby gensets market is segmented -
• By Product Type: Air Cooled, Liquid Cooled
• By Fuel Type: Natural Gas, Diesel, Other Fuel Types
• By Phase Type: Single Phase, Three Phase
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the home standby gensets market.
The Business Research Company's "Global Home Standby Gensets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Home Standby Gensets Market Include:
1. Home Standby Gensets Market Executive Summary
2. Home Standby Gensets Market Segments
3. Home Standby Gensets Market Size And Home Standby Gensets Market Growth Rate
4. Key Home Standby Gensets Market Trends
5. Major Home Standby Gensets Market Drivers
……
25. Key Mergers And Acquisitions In The Home Standby Gensets Market
26. Top Home Standby Gensets Companies
27. Home Standby Gensets Market Opportunities And Strategies
28. Home Standby Gensets Market, Conclusions And Recommendations
29. Appendix
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