Global Residential Gas Generator Market Expands with Portable Segment at a robust CAGR
The increasing global
residential gas generator market is driven by increasing frequency of power
outages and grid instabilities, escalating concerns about energy security
during the forecast period 2024-2028.
According to TechSci
Research report, “Global Residential
Gas Generator Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2018-2028, The Global Residential Gas Generator Market is
experiencing robust growth as homeowners increasingly recognize the importance
of reliable backup power solutions. With a surge in power outages, grid
vulnerabilities, and the growing reliance on electricity for daily life, gas
generators have emerged as indispensable assets for residential settings
worldwide. The dominance of the residential segment in this market can be
attributed to the pivotal role gas generators play in safeguarding essential
functions such as lighting, heating, cooling, refrigeration, communication, and
medical equipment operation during outages. Gas generators designed for
residential use offer a range of power capacities that align perfectly with the
energy needs of most homes. These generators are cost-effective, particularly
when compared to their commercial and industrial counterparts, making them
accessible to a broad spectrum of homeowners. Moreover, their compact size and
ease of installation have contributed to their widespread adoption, allowing
for convenient placement in backyards, utility areas, or near the main
electrical panel. A significant driver of this
market is the escalating frequency of power disruptions caused by factors like
extreme weather events, grid instability, and routine maintenance. As homeowners
seek energy security and uninterrupted power supply, gas generators have become
a dependable solution to ensure continuity during emergencies. Furthermore,
many residential gas generators run on cleaner-burning fuels such as natural
gas or propane, aligning with homeowners' environmental consciousness and
preference for eco-friendly solutions.
Manufacturers have responded
to market demands by continuously innovating their products, introducing
features like improved fuel efficiency, quieter operation, and smart
capabilities. These enhancements enhance user experience and convenience,
making gas generators an even more attractive choice for homeowners.
Additionally, increased consumer awareness and accessibility have contributed
to the market's growth, with manufacturers and suppliers actively promoting gas
generators to residential customers.
Browse over XX market
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The global residential gas generator
market is segmented into type, power range, and region. Based on type, the
market is segmented into portable, stationary. Based on power range, the market
is segmented into 0-100kVA, 101-350kVA. Based on region, the market is further
bifurcated into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
Based on power range, 0-100kVA
dominated in the global residential gas generator market in 2022. Gas
generators in the 0-100kVA power range are well-suited for residential
applications. They provide sufficient power capacity to support essential
household appliances, heating and cooling systems, lighting, and electronics
during power outages. This power range aligns with the typical energy needs of
most homes, making these generators highly relevant for residential use.
Residential gas generators
in the 0-100kVA range are generally more cost-effective than larger models.
They are affordable for homeowners seeking a reliable backup power solution
without the need for excessive power capacity. This cost-effectiveness makes
them accessible to a broader range of residential customers.
Generators in the 0-100kVA
range are typically more compact and space-efficient, which is crucial for
homeowners with limited space for generator installation. Their smaller
footprint allows for easier placement in residential settings, including
backyards or utility spaces.
Smaller gas generators tend
to be more fuel-efficient when compared to larger models. This is particularly
important for homeowners who wish to maintain a backup power source for
extended durations during prolonged outages. Fuel efficiency not only reduces
operating costs but also minimizes environmental impact.
Key market players in the
global Residential Gas Generator market are: -
- Generac Power Systems, Inc.
- Kohler Co.
- Briggs & Stratton Corporation
- Cummins Inc.
- Westinghouse Electric Corporation
- Honeywell International Inc.
- Champion Power Equipment, Inc.
- DuroMax Power Equipment
- Generac Mobile Products LLC
- A-iPower
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“The Global Residential Gas
Generator Market is witnessing strong growth as homeowners recognize the need
for reliable backup power. Power outages, grid instabilities, and increasing
electricity dependence drive the demand for gas generators. The residential
segment, offering versatile, cost-effective solutions aligned with typical
household energy needs, dominates this market. Gas generators are known for
their ease of installation, affordability, and environmentally friendly options
running on cleaner fuels. Manufacturers continuously innovate to enhance fuel
efficiency, reduce noise, and introduce smart features. Increased consumer
awareness and accessibility further fuel market growth, ensuring homes
worldwide are equipped with dependable backup power solutions for emergencies.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Residential Gas
Generator Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Portable, Stationary), By Power Range (0-100kVA,
101-350kVA), By Region, and By Competition, 2018-2028,” has evaluated the future growth
potential of Global Residential Gas Generator Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Residential Gas Generator Market.
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