PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535632
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535632
Air Cooled Single Phase Home Standby Gensets Market size is projected to grow at 6.7% CAGR from 2024 to 2032 due to the rising frequency of power outages. These gensets offer reliable backup power for residential homes for ensuring that essential systems and appliances remain operational during outages.
Moreover, the increasing technological advancements are improving the performance and efficiency of air-cooled gensets for making them more accessible and effective. According to Climate Central, 80% of major U.S. power outages from 2000 to 2023 were weather-related. This rising frequency of power outages is driving the increased adoption of air-cooled single-phase home standby gensets for reliable backup power.
The industry is segmented into power rating, fuel, and region.
Air cooled single phase home standby gensets market size from the > 15 kVA - 20 kVA power rating segment will record a decent growth rate between 2024 and 2032, due to rising demand to provide reliable backup power for residential applications. These gensets are largely engineered to offer efficient performance while operating quietly and minimizing space usage. Ongoing improvements are leading to the integration of smarter control systems and better emissions management for further enhancing their suitability for residential environments.
In terms of fuel, the air cooled single phase home standby gensets market from the gas segment is anticipated to witness significant CAGR from 2024-2032 owing to rising development to offer efficient and environmentally friendly backup power solutions. These gensets are designed to operate using natural gas or propane which are cleaner fuels compared to diesel. Manufacturers are also optimizing the efficiency of gas engines and enhancing their performance to meet the needs of residential users.
North America air cooled single phase home standby gensets industry size will record significant CAGR through 2032 due to the ongoing growth in urban and suburban housing. Homeowners are seeking reliable backup power solutions as new residential developments expand and more households are established. These gensets are being designed to meet the needs of modern homes for providing efficient and dependable power during outages. The evolution of these gensets is also expanding the housing market for ensuring that they offer effective power solutions to the increasing number of homes across North America.