Single Phase Home Standby Gensets Market Size - By Power Rating (<= 10 kVA, > 10 kVA - 50 kVA, > 50 kVA - 100 kVA, > 100 kVA), By Fuel (Diesel, Gas), By Product (Air Cooled, Liquid Cooled), By Regional Outlook & Forecast, 2024 - 2032

Global Single Phase Home Standby Gensets Market will observe a CAGR of over 6.8% from 2024 to 2032 due to innovative products produced by leading companies. While homeowners prioritize reliable backup energy solutions, business leaders are innovating to meet these evolving needs. For instance, in March 2024, Pioneer Power Solutions, Inc., a leader in the design, manufacture, service, and delivery of power systems, generators, and electric vehicle (EV) charging solutions, announced the launch of their first residence on the platform, HOMe-Boost. The platform aims to meet the growing need among homeowners for reliable and fast EV charging.

These new gensets offer advanced features such as fuel efficiency, quiet operation, and advanced connectivity for remote monitoring and control. Leading manufacturers are using cutting-edge technology to seamlessly install gensets in residential environments while providing robust performance during power outages. Demand for single-phase standby gensets could continue to rise due to growing concerns about climate change and extreme weather.

The overall Single Phase Home Standby Gensets Industry size is classified based on power rating, fuel, product, and region.

The > 50 kVA - 100 kVA segment will witness an appreciable growth from 2024 to 2032. As homeowners look for more robust backup energy solutions that can support larger residential buildings and increased energy demand, gensets in this capacity are becoming increasingly important. These gensets will generate electricity reliable power during outages, which ensures the uninterrupted operation of critical home appliances and systems. With severe weather and frequent grid instability, demand for 50 kVA to 100 kVA single-phase home standby gensets could continue to grow as homeowners prioritize reliability and flexibility.

The single phase home standby gensets market revenue from the diesel segment will register a commendable CAGR from 2024 to 2032. Diesel fuel remains popular due to its efficiency, reliability and availability. Homeowners opt for diesel-powered gensets because of their durability, cost-effectiveness, and efficiency during long power outages. In addition, diesel-fueled gensets offer higher output power and greater durability, making them suitable for residential applications where reliability is paramount. Consequently, the demand for diesel-fueled single phase home standby gensets continues to grow.

North America single phase home standby gensets market segment will exhibit a notable CAGR from 2024 to 2032. Because the region is sensitive to severe weather and power outages, homeowners invest in reliable electricity storage solutions. Single phase gensets provide a convenient energy source and reliable emergency services, ensuring smooth operation of critical home appliances and systems. As a result, the North American single phase home gensets market continues to grow as homeowners prioritize recovery and resilience during power outages. For instance, in January 2024, U.S. manufacturer EcoFlow introduced the Delta Pro Ultra, a plug-and-play residential power backup system designed for long-term use and daily use ranging from 6 kWh to 90 kWh power.