Residential Power Generators Market: Trends, Forecast, and Competitive Analysis to 2031

Market Overview and Report Coverage

Residential Power Generators are devices that provide backup power during outages or emergencies in residential settings. These generators come in various sizes and types, such as portable and standby generators, and are powered by different fuel sources like diesel, natural gas, and propane.

The future outlook of the Residential Power Generators Market looks promising, with a projected growth rate of % during the forecasted period. Factors such as increasing incidence of power outages due to natural disasters and aging electricity infrastructure are driving the demand for residential power generators. Additionally, the growing trend of smart homes and increasing disposable income levels are also contributing to the market growth.

The current market trends in the Residential Power Generators Market include the rising adoption of eco-friendly and fuel-efficient generators, integration of advanced technologies like IoT and smart controls, and the increasing focus on product innovation and customization by manufacturers. Overall, the market forecast for Residential Power Generators looks positive, with steady growth expected in the coming years.

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Market Segmentation

The Residential Power Generators Market Analysis by types is segmented into:

• Portable Power Generator
• Standby Power Generator

Residential power generators can be classified into two main types: portable power generators and standby power generators. Portable power generators are smaller, mobile units that can be easily transported and used for temporary power supply during emergencies or outdoor activities. Standby power generators, on the other hand, are permanent fixtures in a home or building that automatically kick in during a power outage to provide continuous electricity supply. Both types serve the purpose of ensuring uninterrupted power supply for residential properties, albeit in different ways.

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The Residential Power Generators Market Industry Research by Application is segmented into:

• Less than 4 KW
• 4- 8 KW
• 8-17 KW
• More than 17 KW

Residential power generators are used in various applications based on their power capacity. Generators with less than 4 kW are suitable for small homes or cabins. Those with 4-8 kW are commonly used for average-sized homes. Generators with 8-17 kW are preferred for larger homes or properties with high power demands. Lastly, generators with over 17 kW are suitable for commercial buildings or large estates. Each size category caters to different residential power needs and capabilities.

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In terms of Region, the Residential Power Generators Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Residential Power Generators market?

The global residential power generators market is experiencing a shift towards cleaner and more sustainable energy sources, with a growing demand for solar and wind-powered generators. Energy storage solutions such as batteries are also gaining popularity as homeowners seek to reduce their reliance on the grid. Smart technology integration is another key trend, with generators that can be controlled remotely through mobile apps or connected to home automation systems. Additionally, increasing natural disasters and power outages are driving the market for backup power solutions. Overall, the residential power generators market is witnessing a transition towards more efficient, eco-friendly, and reliable energy options.

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Major Market Players

Generac is a leading player in the residential power generators market with a strong focus on innovation and product development. The company has a wide range of generator products catering to various customer needs and has a significant market share in the industry. Generac has shown consistent growth in recent years due to the increasing demand for reliable backup power solutions for residential purposes.

Honda Power is another key player in the market known for its high-quality and reliable generator products. The company has a strong brand reputation and a wide distribution network across different regions, contributing to its market growth. Honda Power has been focusing on introducing eco-friendly generator models to meet the growing demand for sustainable power solutions.

Briggs and Stratton is a well-established player in the residential power generators market with a diverse product portfolio. The company has a strong presence in North America and Europe, driving its market expansion. Briggs and Stratton have been investing in research and development to introduce innovative generator models with advanced features and technologies.

Market size for the residential power generators market is projected to reach $ billion by 2026, with a CAGR of 5.3% during the forecast period. The market growth is driven by factors such as increasing power outages, growing demand for reliable backup power solutions, and rising investments in residential infrastructure development.

Some of the top companies in the market, such as Generac, Honda Power, and Briggs and Stratton, have reported significant sales revenue in recent years. For instance, Generac reported sales revenue of $2.4 billion in 2020, reflecting a strong performance in the market. Honda Power also recorded sales revenue of approximately $3.2 billion in the same year, highlighting its market presence and growth. Briggs and Stratton reported sales revenue of $1.8 billion in 2020, indicating steady growth in the residential power generators market.

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