The Home Standby Gensets Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Home Standby Gensets Market?
The global home standby gensets market has experienced significant growth in the past. The market value escalated from $4.75 billion in 2024 to an estimated $5.11 billion in 2025. This growth reflects a compound annual growth rate (CAGR) of 7.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Home Standby Gensets Industry?
The Home Standby Gensets Global Market size is projected to reach $7.3 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.3%.
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What are the Key Growth Drivers Fueling the Home Standby Gensets Market?
The key drivers in the home standby gensets market are:
• Increasing home electrification
• Rising occurrences of climate change and natural disasters
• Growing aging population
• Advancement in energy transition and rising energy resilience
Global Market Segmentation: Identifying Major Home Standby Gensets Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Home Standby Gensets Market?
The key trends in the textured vegetable protein market are:
• Smart technology integration is becoming a prominent trend in the home standby gensets market.
• The usage of natural gas and propane is on the rise as fuel options in the sector.
• Enhanced transfer switches are gaining popularity in the genset industry.
• Whole-house backup and portable standby generators are emerging trends shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Home Standby Gensets Market?
Major companies in the home standby gensets market are:
• 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.
• 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
Regional Dominance: Which Area Leads the Global Home Standby Gensets Market?
North America was the largest region in the home standby gensets market in 2024
