Stratview Research has published a new report titled ‘Home Standby Gensets Market’ to its database. It has segmented the market by Product Type (Air Cooled, Liquid Cooled), by Power Rating Type (<10 kVA, 10–50 kVA, 50–100 kVA, and >100 kVA), by Fuel Type (Gas, Diesel, and Others), by Phase Type (Single Phase, Three Phase), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Segments' Analysis

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.

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. 

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.

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