Stratview Research announces the launch of a new market research report on Home Standby Gensets Market Segmented 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), Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026.
This detailed report provides a complete analysis that reflects today’s Home Standby Gensets Market realities and future possibilities, with a forecast period of 5 years.
The report segmentation evaluates the market to deliver a bird’s-eye view to the users. The essential data/information offered in the report can be vital for the market participants to formulate new growth strategies and for staying ahead of the pack.
This report offers detailed overview of the Home Standby Gensets Market along with the industry life cycle analysis, supply chain analysis, Growth drivers and constraints, market trend and forecast analysis, competitive landscape and dynamics, associated growth opportunities and key success factors.
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Stratview Research specifically relies on two types of research methodology –
- Primary research interviews to get the strategic insights on the market, directly from the industry experts.
- Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.
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.
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The report discusses current key players in the Home Standby Gensets Market on the basis of intensive research. According to the experts, the market has the following key players-
- Briggs & Stratton
- Eaton Corporation
- Honeywell International, Inc.
- Kirloskar Oil Engines Limited
- MTU Onsite Energy
- SDMO Industries
- Siemens AG
Report Customization Options
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Why invest in this report?
The report covers 360-degree angle of the Home Standby Gensets Market and answers the following critical questions –
- What are the key trends in the Home Standby Gensets Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the Home Standby Gensets Market?
- What are the key strategies adopted by the major vendors to lead in the Home Standby Gensets Market?
- What is the market share of the top vendors?
Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.
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