Analysis of Segments and Major Growth Areas in the Home Standby Gensets Market

The home standby gensets market is positioned for significant expansion over the coming years, driven by technological advancements and increasing demand for reliable residential backup power solutions. With innovations in smart energy management and integration of AI and IoT technologies, this sector is set to experience robust growth and evolving market dynamics through 2030.

Forecasted Growth and Market Size of the Home Standby Gensets Market
The home standby gensets market is anticipated to reach a valuation of $7.62 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8%. This upward trajectory is largely fueled by the rising adoption of AI and IoT-enabled generator sets, enhanced deployment of remote monitoring tools, and the expansion of automated switching and diagnostic technologies. Additionally, the increasing integration of smart energy management systems and widespread use of residential backup power solutions further propel market growth. Key trends expected to shape the market include smart home genset monitoring, IoT-driven backup power solutions, AI-powered energy management, remote control and diagnostics, and the development of automated switching mechanisms.

Download a free sample of the home standby gensets market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6136&type=smp

Companies Leading the Home Standby Gensets Market
Several prominent players dominate the home standby gensets landscape, including Cummins Inc., Briggs & Stratton Corp., Generac Holdings Inc., Kohler Co. Inc., Honda Motor Co. Ltd., Yamaha Motor Co. Ltd., and DuroMax Power Equipment. Other significant companies include Champion Power Equipment Inc., Aurora Generators Inc., WEN Products Inc., JS Power Solutions Pvt. Ltd., Powerica Limited, HIMOINSA Yanmar Company, Honeywell International Inc., Mahindra Powerol Ltd., Kirloskar Oil Engines Limited, Doosan Portable Power, Pulsar Products Inc., Subaru Corporation, and Westinghouse Electric Corporation.

Expansion Moves Strengthen Market Position
In August 2024, DEUTZ AG, a German supplier specializing in diesel and gas engines as well as powertrain systems, acquired Blue Star Power Systems, Inc., a US-based manufacturer of diesel and gas-powered generator sets for standby, prime, and continuous power applications. Although the financial details were not disclosed, this acquisition broadens DEUTZ's portfolio beyond engines to complete generator sets and backup power solutions. It also enhances the company's foothold in decentralized energy markets and reinforces its presence within North America's standby power sector.

View the full home standby gensets market report:
https://www.thebusinessresearchcompany.com/report/home-standby-gensets-global-market-report

Emerging Trends Shaping the Home Standby Gensets Industry
Industry leaders are increasingly concentrating on developing high-capacity generators to secure a competitive advantage. For example, home energy storage systems (HESS), which integrate energy storage devices capturing power from renewable sources like solar panels or the grid, are gaining traction. These systems enable homeowners to optimize electricity use, increase energy independence, and reduce utility costs.

Innovative Product Launches Highlight Market Progress
In September 2024, Generac Holdings unveiled the PWRcell 2 and PWRcell 2 MAX, part of their Home Energy Storage System product line. The PWRcell 2 provides an 18 kWh capacity and 10 kW maximum continuous power, capable of running various household loads including a 5-ton air conditioning unit. The forthcoming PWRcell 2 MAX will deliver 11.5 kW max power and handle loads exceeding 200A locked rotor amps (LRA). Both products integrate seamlessly with Generac's generators to offer dependable backup power during extended outages by recharging while powering homes. They also feature built-in compatibility with ecobee smart thermostats, promoting efficient energy management and helping users lower energy expenses. The PWRcell 2 is expected to be available by the end of 2024, with the PWRcell 2 MAX launching mid-2025.

Detailed Segmentation of the Home Standby Gensets Market
This market is broken down into segments based on product type, fuel type, and phase type. The product type classification includes Air Cooled and Liquid Cooled gensets. Within air cooled units, there are portable air cooled generators and stationary air cooled generators, while the liquid cooled category primarily covers residential liquid cooled generators. Fuel types encompass natural gas, diesel, and other fuel variants. Phase types are divided into single phase and three phase options, catering to different residential and commercial power requirements.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.