PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532603
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532603
Asia Pacific Air Cooled Home Standby Gensets Market size is poised to record 5% CAGR from 2024-2032, due to growing integration of smart features, such as remote monitoring, automatic start/stop, and better noise control for enhancing user convenience. Rapid advances in generator technologies have led to more fuel-efficient, quieter, and reliable air-cooled gensets, making them more attractive to consumers. Rising government support for promoting the usage of backup power solutions to improve national energy security is also boosting the market growth.
The APAC air cooled home standby gensets industry is segmented into power rating, fuel, phase and country.
In terms of power rating, the market size from the > 15 kVA - 20 kVA segment will gain traction between 2024 and 2032, due to increasing usage for reliable power backup solutions in the face of frequent power outages. These generators provide a practical and efficient solution for ensuring uninterrupted power supply whilst enhancing the safety, comfort, and convenience of homeowners. The greater power requirements of modern homes and the heightened awareness of emergency preparedness will boost the segment growth.
Based on fuel, the Asia Pacific air cooled home standby gensets industry from the diesel segment is expected to expand through 2032. Modern diesel engines are designed to be more efficient, quieter, and less polluting than older models. Diesel generators can produce higher power output compared to gasoline generators of similar size, emerging suitable for homes with higher power needs, such as those with multiple appliances, HVAC systems, and home offices.
India air cooled home standby gensets market size is projected to witness notable CAGR through 2032, led by frequent power outages, the rising energy demands, and increased awareness of energy security. The growth of the residential real estate sector, including the development of new housing projects is boosting the demand for standby power solutions. With homeowners seeking reliable and efficient backup power solutions and the surging government support, the market will record steady growth in the country.