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    Home Standby Gensets Market | Covid-19 Impact Analysis

    Home Standby Gensets Market | Covid-19 Impact Analysis

    Home Standby Gensets Market | Covid-19 Impact Analysis
    Report code - SRCG148 Delivery - 2 Weeks
    Home Standby Gensets Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Home Standby Gensets Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Home Standby Gensets Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Home Standby Gensets Market Insights

    Home standby gensets market is likely to witness a CAGR of 6.4% during the forecast period. The prime factors contributing to the demand for home standby gensets are frequent power disruptions due to grid inadequacy, degrading resilience of the T&D infrastructure, and increasing demand for uninterrupted power supply.

    Home Standby Gensets Market - Snapshot

    Growth

    6.4% over the next five years

    Dominant Product Type

    Air Cooled

    Dominant Power Rating

    10-50 kVA

    Region with the Highest Demand

    Asia-Pacific

    Key Players

    Briggs & Stratton, Caterpillar, Cummins, Eaton Corporation, Generac, Honeywell International, Inc., Kirloskar Oil Engines Limited, MTU Onsite Energy, SDMO Industries, Siemens AG, and others.

     

    Market Share Analysis

    Home-Standby-Gensets-Market-Dominant-Segments

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    Home Standby Gensets Market Share: By Product Type

    Based on the product type, the market is segmented as air cooled and liquid cooled. Air cooled gensets dominated the market in 2019, and are expected to register a higher CAGR during the forecast period. Economical and simpler operation of these gensets along with the ability to cater to the moderate power requirements for residential usage to stimulate the market.

    Home Standby Gensets Market Share: By Power Rating Type

    Based on the power rating type, the market is segmented as less than 10 kVA, 10–50 kVA, 50–100 kVA, and more than 100 kVA. The 10–50 kVA segment is expected to remain dominant during the forecast period. The growth of the segment can be attributed to the preference of these gensets in residential application ranging from lower load applications such as kitchen appliances to larger load applications such as water heater, well pump, and central air-cooling units.  

    Home Standby Gensets Market Share: By Phase Type

    Based on the phase type, the market is segmented as single phase and three phase. Single phase gensets are expected to grow at a higher CAGR during the forecast period. Affordable price range with the ability to run basic appliances during grid failure are the key market drivers for single phase gensets in small and medium size households.

    Home Standby Gensets Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to remain the largest and the fastest-growing market during the forecast period, driven by economic transformation and rapid urbanization. China dominated the region’s home standby gensets market, followed by India. Rising disposable income along with increased electric appliances uses in these countries to propel the market in coming years. The sale is expected to decline in 2020 due to the COVID-19 outbreak; before recovering from 2021 onwards.

    Home-Standby-Gensets-Market-By-Region

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    Some of the major home standby genset manufacturers are-

    • Briggs & Stratton
    • Caterpillar
    • Cummins
    • Eaton Corporation
    • Generac
    • Honeywell International, Inc.
    • Kirloskar Oil Engines Limited
    • MTU Onsite Energy
    • SDMO Industries
    • Siemens AG
    • others

     

    Market Scope & Segmentation

    Home standby gensets help in uninterrupted power supply to homes or households during power outage. They run on natural gas, diesel, or liquid propane. The dependence of homes and businesses on power has increased over time. Emergency standby is extremely essential to maintain electricity supply to home or business.  

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Home Standby Gensets Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The home standby gensets market is segmented into the following categories. 

    Home Standby Gensets Market Size, Share, & Forecast, by Product Type:

    • Air Cooled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Liquid Cooled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Home Standby Gensets Market Size, Share, & Forecast, by Power Rating Type:

    • <10 kVA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 10–50 kVA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 50–100 kVA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >100 kVA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Home Standby Gensets Market Size, Share, & Forecast, by Fuel Type:

    • Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Diesel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Home Standby Gensets Market Size, Share, & Forecast, by Phase Type:

    • Single Phase (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Three Phase (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Home Standby Gensets Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Home-Standby-Gensets-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by fuel type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Home Standby Gensets Market in the foreseeable future?

    The home standby gensets market is expected to witness an impressive growth of 6.4% CAGR in the foreseeable future.

    Who are the key players in the Home Standby Gensets Market?

    Briggs & Stratton, Caterpillar, Cummins, Eaton Corporation, Generac, Honeywell International, Inc., Kirloskar Oil Engines Limited, MTU Onsite Energy, SDMO Industries, Siemens AG, and others are among the key players in the home standby gensets market.

    Which country/region is expected to remain the largest Home Standby Gensets Market?

    Asia-Pacific is expected to remain the largest market for home standby gensets during the next five years.

    Which product type is expected to register higher CAGR in the Home Standby Gensets Market?

    Air cooled gensets are expected to register a higher CAGR in the home standby gensets market in the coming years.

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