Residential Generators - Global Strategic Business Report

The global market for Residential Generators was valued at US$10.5 Billion in 2024 and is projected to reach US$13.3 Billion by 2030, growing at a CAGR of 4.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Residential Generator Market - Key Trends and Drivers Summarized

Home generators are essential for maintaining electrical power during outages, ensuring crucial systems such as lighting and heating continue functioning. They convert mechanical energy, often fueled by gasoline, diesel, natural gas, or propane, into electrical energy. The rising demand for uninterrupted energy supply during emergencies and increased home automation has led to significant market growth. Households now prioritize energy resilience, making residential generators vital, particularly in regions experiencing frequent adverse weather. Additionally, new construction often includes backup generators to enhance property value, with portable generators favored for affordability and standby generators for convenience.

Technological advancements are enhancing the efficiency, sustainability, and functionality of generators. Eco-friendly models are increasingly popular, with a shift from diesel to natural gas and solar integration. Inverter generators offer cleaner energy for sensitive electronics, and hybrid power plants combining solar, wind, and gas with energy storage provide adaptable, reliable power. Innovations in gas turbines, wave energy converters, and geothermal generators are also emerging, aiming to provide cleaner energy and reduce emissions.

The integration of the Internet of Things (IoT) allows for smarter, more connected home energy systems that homeowners can monitor and control remotely. Artificial Intelligence (AI) is used to optimize energy use, predict maintenance needs, and ensure energy systems operate at peak efficiency. Smart technology is revolutionizing portable generators with features such as remote monitoring, real-time performance tracking, and integration with smart home systems. These trends demonstrate how advanced technologies are reshaping the market, offering more reliable, efficient, and user-friendly backup power solutions.

Report Scope

The report analyzes the Residential Generators market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Portable, Stationary); Fuel Type (Diesel, Gasoline, Other Fuel Types).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Portable Generators segment, which is expected to reach US$8.2 Billion by 2030 with a CAGR of a 4.3%. The Stationary Generators segment is also set to grow at 3.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $2.8 Billion in 2024, and China, forecasted to grow at an impressive 6.9% CAGR to reach $2.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Residential Generators Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Residential Generators Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Residential Generators Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as American Honda Motor Co., Inc., Atlas Copco AB, Briggs and Stratton Corporation, Caterpillar Inc., Champion Power Equipment, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 41 companies featured in this Residential Generators market report include:

• American Honda Motor Co., Inc.
• Atlas Copco AB
• Briggs and Stratton Corporation
• Caterpillar Inc.
• Champion Power Equipment, Inc.
• Cummins Inc.
• Generac Power Systems, Inc.
• Honeywell International, Inc.
• Kirloskar Electric Company Limited
• Kohler Co.,
• MTU Onsite Energy
• Rolls-Royce Power Systems AG
• Siemens Corporation
• Wacker Neuson Corporation
• Westinghouse Electric Corporation
• Wuxi Kipor Power Co. Ltd.
• Yamaha Motor Corporation
• Yanmar Co., Ltd.