Market Overview:
The global home backup generators market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for uninterrupted power supply, especially in developed countries. In addition, the growing awareness about the benefits of using home backup generators is also contributing to the growth of this market. The global home backup generators market can be segmented on the basis of type into gasoline generator and diesel generator. The gasoline generator segment is expected to hold a major share in this market due to its high portability and easy installation. On the basis of application, commercial establishments are expected to account for a major share in this market as they require continuous power supply for their operations.
Product Definition:
A home backup generator is a device that automatically starts up and provides power to your home during an outage. This can be crucial in keeping your home running and preventing damage from frozen pipes or other emergency situations.
Gasoline Generator:
Gasoline generator is a portable power source which is used to produce electricity when the primary power source is not available. It works on the principle of combustion of fossil fuels (petroleum based fuel) or any other liquid/ gaseous fuels. The generated electricity can be used in household applications like charging batteries, running water pumps, using AC powered devices and lighting etc.
Diesel Generator:
A diesel generator is a device used to convert the energy from a fossil-fuel based source into electric energy. The most common sources of fuel for generators are diesel, gasoline, and natural gas. These devices are primarily used in emergency situations where there is an absence of electricity; they can also be used as primary power in home backup generators.
Application Insights:
The commercial application segment dominated the global market in 2017. The growth of this segment is attributed to the growing demand for home backup generators as a solution to power failures. Power failures have become a common occurrence owing to the rapid urbanization and industrialization, leading to increased electricity costs and environmental pollution. As a result, governments are taking initiatives such as ¢â‚¬Å“Power To The People¢â‚¬ wherein they provide affordable electricity rates along with free power distribution service in rural areas, thereby encouraging people to invest in diesel generators for their homes.
Residential application is expected register notable gains over the forecast period owing to rising awareness about energy security among consumers coupled with government support towards installation of diesel backup generator at home due its ability provide secondary power source during emergencies such as grid failure or electrical outages that may lead into load-shedding or blackouts across various regions globally including North America, Europe, Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing awareness about home backup generators, coupled with rising demand for reliable power supply during emergencies. In addition, growing commercial construction activities in emerging economies of India and China are expected to drive product demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high adoption rates of advanced technologies across various industries especially energy & utilities sector. Growing concerns regarding unreliable power supply during peak consumption hours have led consumers toward alternative sources such as back up generators which would otherwise consume more fuel than required leading towards higher carbon emissions or costlier electricity bills after an emergency situation is handled by home backup generator systems thereby driving regional market growth over the next eight years.
North America region has also witnessed significant growth due to increased awareness among people about emergencies.
Growth Factors:
- Increasing awareness about the benefits of home backup generators among consumers
- Rising demand for uninterrupted power supply owing to growing number of electronics and appliances in homes
- Favorable government policies and regulations related to installation of home backup generators
- Growing investments by leading players in research and development activities to introduce innovative products
- increasing incidences of natural disasters such as hurricanes, floods, etc., which lead to power outages
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Backup Generators Market Research Report
By Type
Gasoline Generator, Diesel Generator
By Application
Commercial, Residential
By Companies
Briggs & Stratton, Honda Power, Generac, Techtronic Industries, Kohler, Yamaha, Champion, Cummins, Honeywell International, Eaton, Mi-T-M, Multiquip, Winco, HGI
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Home Backup Generators Market Report Segments:
The global Home Backup Generators market is segmented on the basis of:
Types
Gasoline Generator, Diesel Generator
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
Commercial, Residential
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:
- Briggs & Stratton
- Honda Power
- Generac
- Techtronic Industries
- Kohler
- Yamaha
- Champion
- Cummins
- Honeywell International
- Eaton
- Mi-T-M
- Multiquip
- Winco
- HGI
Highlights of The Home Backup 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:
- Gasoline Generator
- Diesel Generator
- By Application:
- Commercial
- Residential
- 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 Home Backup 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Home Backup Generators are devices that allow you to backup your data automatically from your home computer to an external hard drive or storage device.
Some of the key players operating in the home backup generators market are Briggs & Stratton, Honda Power, Generac, Techtronic Industries, Kohler, Yamaha, Champion, Cummins, Honeywell International, Eaton, Mi-T-M, Multiquip, Winco, HGI.
The home backup generators market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Backup Generators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Backup Generators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Backup Generators Market - Supply Chain
4.5. Global Home Backup Generators Market Forecast
4.5.1. Home Backup Generators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Backup Generators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Backup Generators Market Absolute $ Opportunity
5. Global Home Backup Generators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Backup Generators Market Size and Volume Forecast by Type
5.3.1. Gasoline Generator
5.3.2. Diesel Generator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Backup Generators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Backup Generators Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Backup Generators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Backup Generators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Backup Generators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Backup Generators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Backup Generators Demand Share Forecast, 2019-2026
9. North America Home Backup Generators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Backup Generators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Backup Generators Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Backup Generators Market Size and Volume Forecast by Type
9.7.1. Gasoline Generator
9.7.2. Diesel Generator
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Backup Generators Demand Share Forecast, 2019-2026
10. Latin America Home Backup Generators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Backup Generators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Backup Generators Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Backup Generators Market Size and Volume Forecast by Type
10.7.1. Gasoline Generator
10.7.2. Diesel Generator
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Backup Generators Demand Share Forecast, 2019-2026
11. Europe Home Backup Generators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Backup Generators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Backup Generators Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Backup Generators Market Size and Volume Forecast by Type
11.7.1. Gasoline Generator
11.7.2. Diesel Generator
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Backup Generators Demand Share, 2019-2026
12. Asia Pacific Home Backup Generators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Backup Generators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Backup Generators Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Backup Generators Market Size and Volume Forecast by Type
12.7.1. Gasoline Generator
12.7.2. Diesel Generator
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Backup Generators Demand Share, 2019-2026
13. Middle East & Africa Home Backup Generators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Backup Generators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Backup Generators Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Backup Generators Market Size and Volume Forecast by Type
13.7.1. Gasoline Generator
13.7.2. Diesel Generator
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Backup Generators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Backup Generators Market: Market Share Analysis
14.2. Home Backup Generators Distributors and Customers
14.3. Home Backup Generators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Briggs & Stratton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honda Power
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Generac
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Techtronic Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kohler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yamaha
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Champion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cummins
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Eaton
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mi-T-M
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Multiquip
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Winco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HGI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
