Gas Fired Air Cooled Home Standby Gensets Market By Fuel Type (Natural Gas, Propane, LPG), By Power Output (Below 10 kW, 10-20 kW, 20-30 kW, Above 30 kW), By Technology (Conventional Technology, High-Efficiency Technology, Smart Technology), By Phase Type (Single Phase, Three Phase), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Gas Fired Air Cooled Home Standby Gensets Market was valued at USD 0.7 billion in 2023 and will surpass USD 1.0 billion by 2030; growing at a CAGR of 6.0% during 2024 - 2030.

The gas-fired air-cooled home standby generator market is expanding as consumers increasingly seek reliable, energy-efficient solutions for power backup in residential settings. These generators are designed to automatically provide backup power during outages, ensuring that essential appliances and systems continue to operate smoothly. The rising frequency of power interruptions, driven by climate change, natural disasters, and aging electrical infrastructure, is driving demand for these systems. Additionally, the growing awareness of the environmental benefits of using natural gas or propane as an energy source, compared to traditional fuel types like diesel, is further fueling the market's growth.

Gas-fired air-cooled home standby gensets are favored for their ease of installation, compact size, and quieter operation compared to liquid-cooled models. As the demand for home automation, energy efficiency, and uninterrupted power supply increases, the market for these generators is expected to grow at a steady pace. This growth is also supported by government incentives promoting clean energy solutions and the ongoing trend of homeowners investing in smart home technologies.

Natural Gas Dominates the Fuel Type Segment for Lower Emissions and Cost Benefits

Natural gas is the leading fuel type for gas-fired air-cooled home standby gensets. This is primarily due to its environmental benefits, cost-effectiveness, and availability in urban and suburban areas. Natural gas-powered generators offer lower emissions compared to alternatives like diesel, making them a more eco-friendly choice for residential backup power. Moreover, natural gas is often less expensive than other fuels, further enhancing the affordability of home standby generators. The infrastructure for natural gas is well-established in many regions, ensuring easy access for homeowners and making it the most practical option for fuel.

The adoption of propane and LPG as alternative fuels is growing, particularly in areas where natural gas is not readily available. These fuel types offer similar advantages in terms of lower emissions and reliability, but natural gas remains the most widely used and preferred option for residential standby generators.

Power Output of 10-20 kW Holds the Largest Share Due to Versatility in Residential Applications

The power output range of 10-20 kW is the most commonly chosen for gas-fired air-cooled home standby gensets. This output range is ideal for most residential applications, as it provides sufficient power to run essential appliances like heating and cooling systems, refrigerators, lighting, and home entertainment devices during a power outage. Homeowners typically prefer this power range because it balances efficiency, cost, and the ability to cover the needs of an average household.

Larger power output gensets, such as those in the 20-30 kW and above 30 kW ranges, are also available, but these are generally used for larger homes or properties with higher energy demands. These higher capacity generators are ideal for more extensive systems like whole-home heating or for homes with multiple electrical appliances that require more backup power.

Smart Technology is the Fastest Growing Segment Due to Integration with Home Automation Systems

The fastest-growing technology segment in the gas-fired air-cooled home standby genset market is smart technology. These gensets integrate with home automation systems, allowing users to monitor and control their generator remotely via mobile apps or smart home devices. Features such as remote start/stop, diagnostic alerts, and real-time performance tracking are increasingly in demand as consumers seek greater convenience, reliability, and energy efficiency.

Smart technologies also enable homeowners to optimize fuel consumption and ensure that their backup power system is always ready in case of an emergency. As consumers continue to embrace smart home technologies, the adoption of smart standby generators is expected to rise, making this technology segment a key driver of market growth.

Single Phase Standby Generators Lead the Market for Residential Applications

Single-phase gas-fired air-cooled home standby gensets dominate the market for residential applications. Single-phase generators are typically used in residential homes because they are more cost-effective and suitable for the energy needs of most households. These gensets provide enough power for smaller homes or properties with limited electrical needs, offering reliable backup power during outages. Additionally, single-phase generators are easier to install and maintain, which contributes to their popularity in the residential market.

Three-phase standby gensets, while ideal for larger homes or properties with higher energy demands, account for a smaller share of the market due to their higher cost and complexity. However, the demand for three-phase generators is growing in certain regions, especially in larger properties or in areas where the electrical grid requires higher power delivery.

North America Dominates the Market Due to High Adoption Rates and Strong Infrastructure

North America holds the largest share of the gas-fired air-cooled home standby genset market, with the United States leading the way. The region's well-established infrastructure for natural gas distribution, high rates of electricity outages, and strong consumer preference for backup power solutions have contributed to the widespread adoption of these generators. Additionally, the demand for energy-efficient and environmentally friendly backup power solutions is on the rise, further driving the market.

The increasing prevalence of extreme weather events, such as hurricanes and winter storms, has also highlighted the need for reliable backup power in residential homes, especially in areas prone to prolonged power outages. As a result, homeowners in North America are increasingly investing in gas-fired air-cooled home standby gensets.

Competitive Landscape and Key Players

The gas-fired air-cooled home standby genset market is highly competitive, with a mix of established players and new entrants striving to meet the growing demand for reliable and energy-efficient backup power solutions. Leading companies in the market include Generac Power Systems, Kohler Co., Briggs & Stratton, and Cummins Inc. These companies are focusing on product innovation, improving fuel efficiency, and integrating smart technologies to stay competitive in the market.

In addition to these global players, regional manufacturers are also capitalizing on the growing demand for home standby generators, offering affordable and customized solutions tailored to specific market needs. Strategic partnerships, technological advancements, and geographic expansion are key strategies adopted by players to strengthen their market position.

Recent Developments:

  • In December 2024, Generac Power Systems launched a new line of high-efficiency, air-cooled home standby generators with integrated smart technology for enhanced energy management.
  • In November 2024, Kohler Co. introduced an innovative propane-powered, air-cooled genset for small commercial and residential backup applications.
  • In October 2024, Cummins Inc. unveiled a next-gen air-cooled backup generator featuring a quieter and more fuel-efficient design for residential customers.
  • In September 2024, Briggs & Stratton Corporation debuted a smart, air-cooled genset with advanced remote monitoring and fuel optimization features for home use.
  • In August 2024, Yamaha Motor Co. expanded its range of residential air-cooled generators with a new model focused on energy efficiency and reduced noise emissions.

List of Leading Companies:

  • Generac Power Systems
  • Kohler Co.
  • Cummins Inc.
  • Briggs & Stratton Corporation
  • Honda Motor Co., Ltd.
  • Yamaha Motor Co., Ltd.
  • Eaton Corporation
  • MTU Onsite Energy
  • Atlas Copco
  • Subaru Corporation
  • Kohler-SDMO
  • DEUTZ AG
  • PerkinElmer, Inc.
  • JF Power Systems
  • Loncin Motor Co., Ltd.

Report Scope:

Report Features

Description

Market Size (2023)

USD 0.7 billion

Forecasted Value (2030)

USD 1.0 billion

CAGR (2024 – 2030)

6.0%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Gas Fired Air Cooled Home Standby Gensets Market By Fuel Type (Natural Gas, Propane, LPG), By Power Output (Below 10 kW, 10-20 kW, 20-30 kW, Above 30 kW), By Technology (Conventional Technology, High-Efficiency Technology, Smart Technology), By Phase Type (Single Phase, Three Phase)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Generac Power Systems, Kohler Co., Cummins Inc., Briggs & Stratton Corporation, Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Eaton Corporation, MTU Onsite Energy, Atlas Copco, Subaru Corporation, Kohler-SDMO, DEUTZ AG, PerkinElmer, Inc., JF Power Systems, Loncin Motor Co., Ltd.

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Gas Fired Air Cooled Home Standby Gensets Market, by Fuel Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Natural Gas

   4.2. Propane

   4.3. LPG

   4.4. Others

5. Gas Fired Air Cooled Home Standby Gensets Market, by Power Output (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Below 10 kW

   5.2. 10-20 kW

   5.3. 20-30 kW

   5.4. Above 30 kW

6. Gas Fired Air Cooled Home Standby Gensets Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Conventional Technology

   6.2. High-Efficiency Technology

   6.3. Smart Technology

7. Gas Fired Air Cooled Home Standby Gensets Market, by Phase Type (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Single Phase

   7.2. Three Phase

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Gas Fired Air Cooled Home Standby Gensets Market, by Fuel Type

      8.2.7. North America Gas Fired Air Cooled Home Standby Gensets Market, by Power Output

      8.2.8. North America Gas Fired Air Cooled Home Standby Gensets Market, by Technology

      8.2.9. North America Gas Fired Air Cooled Home Standby Gensets Market, by Phase Type

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Gas Fired Air Cooled Home Standby Gensets Market, by Fuel Type

               8.2.10.1.2. US Gas Fired Air Cooled Home Standby Gensets Market, by Power Output

               8.2.10.1.3. US Gas Fired Air Cooled Home Standby Gensets Market, by Technology

               8.2.10.1.4. US Gas Fired Air Cooled Home Standby Gensets Market, by Phase Type

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Generac Power Systems

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Kohler Co.

   10.3. Cummins Inc.

   10.4. Briggs & Stratton Corporation

   10.5. Honda Motor Co., Ltd.

   10.6. Yamaha Motor Co., Ltd.

   10.7. Eaton Corporation

   10.8. MTU Onsite Energy

   10.9. Atlas Copco

   10.10. Subaru Corporation

   10.11. Kohler-SDMO

   10.12. DEUTZ AG

   10.13. PerkinElmer, Inc.

   10.14. JF Power Systems

   10.15. Loncin Motor Co., Ltd.

11. Appendix

A comprehensive market research approach was employed to gather and analyze data on the Gas Fired Air Cooled Home Standby Gensets Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Gas Fired Air Cooled Home Standby Gensets Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Gas Fired Air Cooled Home Standby Gensets Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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