Covid-19 Impact on Home Standby Gensets Market: Updated Study Offering Insights & Analysis up to 2026
May 27, 2022
Stratview Research releases a new report on the Home Standby Gensets Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.
Home Standby Gensets Market Insights:
Home standby gensets market is likely to witness a CAGR of 6.4% during the forecast period. The prime factors contributing to the demand for home standby gensets are frequent power disruptions due to grid inadequacy, degrading resilience of the T&D infrastructure, and increasing demand for uninterrupted power supply.
The Home Standby Gensets Market size depends upon several factors that have direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analysing the core strength of the companies, identifying their growth strategies, recognising their gaps as well as opportunities to lay out an effective roadmap which leads to higher profitability.
Wish to know more details related to the report? Request a free sample here: https://www.stratviewresearch.com/Request-Sample/974/home-standby-gensets-market.html#form
Key Players
The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report -
- Briggs & Stratton
- Caterpillar
- Cummins
- Eaton Corporation
- Generac
- Honeywell International, Inc.
- Kirloskar Oil Engines Limited
- MTU Onsite Energy
- SDMO Industries
- Siemens AG
- others
Market Segmentation:
The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows the businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.
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.
Report Customization Options
Stratview Research offers one of the following free customization options to the users along with this detailed report:
Company Profiling
- Detailed brief of additional market players.
- SWOT analysis of key players.
- Competitive Benchmarking
Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.