Market Overview:
The global whole house generators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for backup power solutions in residential and commercial applications. In addition, the growing awareness about the benefits of using whole house generators is also contributing to the growth of this market. The global whole house generators market can be segmented on the basis of type, application, and region. On the basis of type, natural gas-powered generators accounted for a major share in 2017 and are expected to continue dominating this market during the forecast period. This is mainly due to their high efficiency and low emissions as compared with other types of generators such as diesel or propane-powered ones.
Product Definition:
A whole house generator is a backup electrical system that powers your entire home in the event of a power outage. They are important because they can provide you with uninterrupted power during an emergency, which can be crucial for keeping your home and family safe.
Natural Gas:
Natural gas is one of the cleanest and most affordable fuels available today. It has a number of advantages over other fuels such as diesel or petrol, which makes it an ideal option for use in generators. Natural gas is produced from the remains of once living organisms that were digesting bacteria found in deep underground coal beds.
Diesel:
Diesel is a fossil fuel that is produced from the distillation of crude oil. It consists of hydrocarbons which are mostly used as fuel for internal combustion engines. The most common types of diesel include heavy-duty, medium-duty, and light-duty diesel. They are available in different forms such as gas oil, naphtha, and lube oil among others depending on their processing methods before being used as fuels for vehicles or other machines.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of residential construction projects across the globe, particularly in emerging economies such as China, India and Brazil. For instance, according to a study conducted by EY IT¢â‚¬â„¢s Construction Intelligence Center (CIC), around USD 1 trillion worth of new power generation capacity is expected to be added globally by 2030 from 2014 to 2019.
Whole house generators are widely used across commercial sectors including healthcare facilities, educational institutions.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to increasing demand for clean energy and a shift in the power generation mix towards renewable sources of energy, such as wind and solar. Furthermore, stringent government regulations regarding carbon emissions from fossil fuel-fired generators are expected to drive the regional market over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions owing to rapid industrialization along with growing population in countries, such as China and India. In addition, rising disposable income coupled with an expanding housing sector will augment product demand over the next eight years.
Growth Factors:
- Increasing demand for uninterrupted power supply: The increasing demand for uninterrupted power supply is one of the key growth drivers for the whole house generators market. Whole house generators offer a reliable and continuous source of backup power in case of an unexpected outage, which is why they are increasingly being adopted by homeowners across the globe.
- Rising awareness about the benefits of whole house generators: Another major growth driver for this market is the rising awareness about the benefits of whole house generators among consumers worldwide. These generators offer several advantages such as backup power during outages, protection against data loss and system crashes, and improved home security, among others. This has led to an increase in their adoption in recent years.
- Growing popularity of smart homes: The growing popularity of smart homes is another key factor driving growth in this market. With more and more people adopting smart home technologies, there is a greater need for reliable backup power systems that can keep these devices running during outages or emergencies. Whole house generators fulfill this need perfectly, making them a popular choice among homeowners today.
Scope Of The Report
Report Attributes
Report Details
Report Title
Whole House Generators Market Research Report
By Type
Natural Gas, Diesel, Propane
By Application
Residential, Commercial
By Companies
Cummins, Generac, Honeywell, KOEL Green, Briggs & Stratton, Kohler, MTU Onsite Energy, Siemens AG, Westinghouse, Champion Power Equipment, DuroMax Power Equipment, Mahindra Powerol, Ashok Leyland, Himoinsa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Whole House Generators Market Report Segments:
The global Whole House Generators market is segmented on the basis of:
Types
Natural Gas, Diesel, Propane
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cummins
- Generac
- Honeywell
- KOEL Green
- Briggs & Stratton
- Kohler
- MTU Onsite Energy
- Siemens AG
- Westinghouse
- Champion Power Equipment
- DuroMax Power Equipment
- Mahindra Powerol
- Ashok Leyland
- Himoinsa
Highlights of The Whole House Generators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Gas
- Diesel
- Propane
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Whole House Generators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Whole house generators are a type of renewable energy that can be used to produce electricity in your home. They use an engine or motor to turn a propeller, which creates electricity.
Some of the major companies in the whole house generators market are Cummins, Generac, Honeywell, KOEL Green, Briggs & Stratton, Kohler, MTU Onsite Energy, Siemens AG, Westinghouse, Champion Power Equipment, DuroMax Power Equipment, Mahindra Powerol, Ashok Leyland, Himoinsa.
The whole house generators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Whole House Generators Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Whole House Generators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Whole House Generators Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Whole House Generators Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Whole House Generators Market Size & Forecast, 2020-2028 4.5.1 Whole House Generators Market Size and Y-o-Y Growth 4.5.2 Whole House Generators Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural Gas
5.2.2 Diesel
5.2.3 Propane
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Whole House Generators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Whole House Generators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural Gas
9.6.2 Diesel
9.6.3 Propane
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural Gas
10.6.2 Diesel
10.6.3 Propane
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural Gas
11.6.2 Diesel
11.6.3 Propane
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural Gas
12.6.2 Diesel
12.6.3 Propane
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural Gas
13.6.2 Diesel
13.6.3 Propane
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Whole House Generators Market: Competitive Dashboard
14.2 Global Whole House Generators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cummins
14.3.2 Generac
14.3.3 Honeywell
14.3.4 KOEL Green
14.3.5 Briggs & Stratton
14.3.6 Kohler
14.3.7 MTU Onsite Energy
14.3.8 Siemens AG
14.3.9 Westinghouse
14.3.10 Champion Power Equipment
14.3.11 DuroMax Power Equipment
14.3.12 Mahindra Powerol
14.3.13 Ashok Leyland
14.3.14 Himoinsa