The global Home Standby Generator market size is projected to reach USD 5.11 billion by 2029

Growing intensity and frequency of prolonged power disruptions on account of grid inadequacy, deteriorating weather conditions heighten consumer awareness of power reliability concerns. Home Standby Generator delivers power directly to home’s electrical system, backing up entire home or just the most essential items when the municipal power is out.

New energy such as wind power in the United States accounts for a large proportion of power supply (more than 70%), but in severe weather conditions, the energy supply is unstable, and the power storage in the United States has not reached the level of South Korea, resulting in power outages due to tight power supply.

North America is the largest consumer region in the world due to consumption habits. As for gas generators, a major advantage is that they do not require a fuel tank, so natural gas generator sets take up less space and can be more easily installed in tight spots, such as on the roof of a building, so it occupies a large market share.

According to the new market research report “Global Home Standby Generator Market Report 2023-2029”, published by GIResearch, the global Home Standby Generator market size is projected to reach USD 5.11 billion by 2029, at a CAGR of 11.4% during the forecast period.

• Global Home Standby Generator MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Home Standby Generator Market 2024 by Company, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch..

• Global Home Standby Generator Top6Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global Home Standby Generator Market 2024 by Company, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GIResearch.

The global key manufacturers of Home Standby Generator include Generac, Briggs & Stratton, Kohler, Cummins, Honeywell, etc. In 2021, the global top four players had a share approximately 84.0% in terms of revenue.

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