Key Trend Reshaping the Home Standby Gensets Market in 2025: Generac Launches Advanced Home Energy Storage Systems To Enhance Power Management And Efficiency

How Are the key drivers contributing to the expansion of the home standby gensets market?
The acceleration of urbanization is projected to fuel the expansion of the home standby gensets market in the future. Urbanization is characterized by the migration of the population to urban regions. Home standby generators have the capacity to be directly linked to a home's electrical system, providing continuous power when necessary for numerous days. The swift process of urbanization has resulted in an increased demand for home standby gensets as the urban population largely needs this product. As an illustration, data from the United Nations, department of economic and social affairs reveals that by 2050, approximately 68% of the global population will inhabit urban areas, with a staggering 90% of this increase occurring in African and Asia regions. Consequently, accelerated urbanization is key to the home standby gensets market's growth.

Get Your Home Standby Gensets Market Report Here:
https://www.thebusinessresearchcompany.com/report/home-standby-gensets-global-market-report

What growth opportunities are expected to drive the home standby gensets market's CAGR through 2034?
The market for home standby gensets has shown substantial growth in the past few years. It's projected that it will rise from $4.75 billion in 2024 to $5.11 billion in 2025, yielding a compound annual growth rate (CAGR) of 7.6%. The surge during the historic period is linked to enhanced power reliability, frequency of extreme weather events, aging electrical infrastructure, an increase in power dependency, and a rise in healthcare requirements.

Forecasting robust expansion in the imminent years, the market size of home standby gensets is projected to reach $7.3 billion in 2029, scaling at a compound annual growth rate (CAGR) of 9.3%. The projected growth during the prediction period can be due to factors such as the escalation of home electrification, augmented climate change and natural calamities, a climbing aging populace, growing energy transition, and enhanced energy resilience. Key trends predicted for the forecast period encompass the integration of intelligent technology, adoption of natural gas and propane as fuel alternatives, improvement of transfer switches, comprehensive house backup, and the emergence of portable standby generators.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6136&type=smp

What are the emerging trends shaping the future of the home standby gensets market?
Leading firms in the home standby generators market, such as Generac Holdings, are concentrating their efforts on the development of high-capacity generators like the Home Energy Storage System collection. This strategy allows them to maintain a competitive upper hand in their field. A Home Energy Storage System (HESS) is composed of interconnected devices that store energy derived from renewable sources - like solar panels - or the electrical grid for domestic usage. The ability of these systems to optimize energy usage, boost energy autonomy, and reduce electricity costs makes them an asset for homeowners. In September 2024, Generac Holdings released the PWRcell 2 and PWRcell 2 MAX. The PWRcell 2 has an 18 kWh capacity, a 10 kW max continuous power - enough to start multiple home loads, including a 5-ton A/C unit. The forthcoming PWRcell 2 MAX will offer an 11.5 kW max power and manage loads above 200A LRA. These systems are compatible with Generac's generators, ensuring dependable backup during prolonged power unavailability and recharging simultaneously. They are also engineered with Ecobee smart thermostats, facilitating efficient household energy management and helping to reduce energy expenses. The PWRcell 2 is expected to hit the market by the year's end, with the PWRcell 2 MAX projected to be released in mid-2025.

Which growth-oriented segments of the home standby gensets market are leading the industry's development?
The home standby gensets market covered in this report is segmented -

1) By Product Type: Air Cooled, Liquid Cooled
2) By Fuel Type: Natural Gas, Diesel, Other Fuel Types
3) By Phase Type: Single Phase, Three Phase

Subsegments:
1) By Air Cooled: Portable Air Cooled Generators, Stationary Air Cooled Generators
2) By Liquid Cooled: Residential Liquid Cooled Generators, Commercial Liquid Cooled Generators

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6136

What regions are leading the charge in the home standby gensets market?
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.

What companies are at the forefront of innovation in the home standby gensets market?
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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6136&type=smp

What Is Covered In The Home Standby Gensets Global Market Report?

•Market Size Forecast: Examine the home standby gensets market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the home standby gensets market for a structured understanding.
•Key Players Overview: Analyze major players in the home standby gensets market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home standby gensets market.
•Segment Contributions: Evaluate how different segments drive overall growth in the home standby gensets market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home standby gensets market.
•Industry Challenges: Identify potential risks and obstacles affecting the home standby gensets market.
•Competitive Landscape: Review strategic developments in the home standby gensets market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.