Market Overview:
The global home generator 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, owing to the rising frequency of power outages. In addition, the growing popularity of portable generators for recreational activities such as camping, boating, and hunting is also propelling the growth of this market. Based on type, the global home generator market can be segmented into 6 kW, 8 kW 10 kW 12 kW 14 kW and 20kW segments. The 6kW segment is expected to account for a major share of this market in terms of revenue due to its low cost and easy installation process.
Product Definition:
A home generator is a device that provides backup power to a home in the event of an outage. Home generators are important because they provide peace of mind during outages, which can be caused by storms, power failures, or other emergencies.
6kw:
6 KW is the power rating of a generator which means that it can provide enough electricity for lighting, small appliances and some basic household equipment. It is also known as the power output of a light bulb.
Equipment with an electric rating between 100V and 230V will require Type A plug (North America) or type G plug (Europe).
8kw:
8Kw is a power rating that was originally developed for use in the home electricity market. It is an internationally recognized standard for measuring electrical power and its units are named accordingly i.e., “kilo-watt” or kW.
Application Insights:
The camping application segment led the global home generator market in 2017. The use of portable generators for camping is increasing due to the growing trend of outdoor activities including hiking, biking, and adventure racing. Adventure racing requires participants to have a reliable source of electricity for running electronic equipment such as laptops and flat-screen TVs. Therefore, consumers are opting for home generators that are suitable for both indoor and outdoor uses owing to its ability to deliver power across all seasons.
The office application segment is expected register a significant CAGR over the forecast period owing to increased demand from commercial institutions including hospitals, educational institutes, corporate offices etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for home generators in countries, such as India, China, and Japan after natural calamities. For instance, according to a news article published by The Economic Times on June 15th 2018 titled ‘Power crisis looms large as rains fail; Power Minister faces angry crowds’ power outages during power cuts are said to have become common in many parts of the country. This has led consumers to use more reliable alternatives like battery operated generators which will only increase further due to increased demand from end-use industries such as gardening & farming and recreational vehicles (RVs).
North America accounted for a significant share owing their high adoption rate by individuals across U.S.
Growth Factors:
- Increasing demand for backup power due to unreliable grid infrastructure
- Rising awareness about the benefits of home generators
- Favorable government policies and incentives for installing home generators
- Growing popularity of smart homes and the Internet of Things (IoT)
- Advances in generator technology that make them more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Generator Market Research Report
By Type
6kw, 8kw, 10kw, 12kw, 14kw, 20kw
By Application
Gardening, RV Use, Camping, Office, Boating, Hunting, Weekend Trips
By Companies
Generac Power Systems(USA), Kohler(USA), Briggs and Stratton(USA), Honda Power(USA), United Power(Germany), Champion Power Equipment(USA), Wacker Neuson(Singapore), Hyundai Power(UK), Sawafuji(Japan), Honeywell Generators(USA), HGI Generators(Germany), Mi-T-M(USA), Scott's Heating and Cooling(USA), Cummins(USA)
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Home Generator Market Report Segments:
The global Home Generator market is segmented on the basis of:
Types
6kw, 8kw, 10kw, 12kw, 14kw, 20kw
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
Gardening, RV Use, Camping, Office, Boating, Hunting, Weekend Trips
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:
- Generac Power Systems(USA)
- Kohler(USA)
- Briggs and Stratton(USA)
- Honda Power(USA)
- United Power(Germany)
- Champion Power Equipment(USA)
- Wacker Neuson(Singapore)
- Hyundai Power(UK)
- Sawafuji(Japan)
- Honeywell Generators(USA)
- HGI Generators(Germany)
- Mi-T-M(USA)
- Scott's Heating and Cooling(USA)
- Cummins(USA)
Highlights of The Home Generator 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:
- 6kw
- 8kw
- 10kw
- 12kw
- 14kw
- 20kw
- By Application:
- Gardening
- RV Use
- Camping
- Office
- Boating
- Hunting
- Weekend Trips
- 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 Generator 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?
A home generator is a device that creates electricity from natural resources like gasoline, propane, or diesel. It can be used to power appliances in your home or to provide emergency backup power.
Some of the major players in the home generator market are Generac Power Systems(USA), Kohler(USA), Briggs and Stratton(USA), Honda Power(USA), United Power(Germany), Champion Power Equipment(USA), Wacker Neuson(Singapore), Hyundai Power(UK), Sawafuji(Japan), Honeywell Generators(USA), HGI Generators(Germany), Mi-T-M(USA), Scott's Heating and Cooling(USA), Cummins(USA).
The home generator market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Generator 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 Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Generator Market - Supply Chain
4.5. Global Home Generator Market Forecast
4.5.1. Home Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Generator Market Absolute $ Opportunity
5. Global Home Generator 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 Generator Market Size and Volume Forecast by Type
5.3.1. 6kw
5.3.2. 8kw
5.3.3. 10kw
5.3.4. 12kw
5.3.5. 14kw
5.3.6. 20kw
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Generator 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 Generator Market Size and Volume Forecast by Application
6.3.1. Gardening
6.3.2. RV Use
6.3.3. Camping
6.3.4. Office
6.3.5. Boating
6.3.6. Hunting
6.3.7. Weekend Trips
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Generator 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 Generator 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 Generator 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 Generator 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 Generator Demand Share Forecast, 2019-2026
9. North America Home Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
9.4.1. Gardening
9.4.2. RV Use
9.4.3. Camping
9.4.4. Office
9.4.5. Boating
9.4.6. Hunting
9.4.7. Weekend Trips
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Generator Market Size and Volume Forecast by Type
9.7.1. 6kw
9.7.2. 8kw
9.7.3. 10kw
9.7.4. 12kw
9.7.5. 14kw
9.7.6. 20kw
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 Generator Demand Share Forecast, 2019-2026
10. Latin America Home Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
10.4.1. Gardening
10.4.2. RV Use
10.4.3. Camping
10.4.4. Office
10.4.5. Boating
10.4.6. Hunting
10.4.7. Weekend Trips
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Generator Market Size and Volume Forecast by Type
10.7.1. 6kw
10.7.2. 8kw
10.7.3. 10kw
10.7.4. 12kw
10.7.5. 14kw
10.7.6. 20kw
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 Generator Demand Share Forecast, 2019-2026
11. Europe Home Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
11.4.1. Gardening
11.4.2. RV Use
11.4.3. Camping
11.4.4. Office
11.4.5. Boating
11.4.6. Hunting
11.4.7. Weekend Trips
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Generator Market Size and Volume Forecast by Type
11.7.1. 6kw
11.7.2. 8kw
11.7.3. 10kw
11.7.4. 12kw
11.7.5. 14kw
11.7.6. 20kw
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 Generator Demand Share, 2019-2026
12. Asia Pacific Home Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
12.4.1. Gardening
12.4.2. RV Use
12.4.3. Camping
12.4.4. Office
12.4.5. Boating
12.4.6. Hunting
12.4.7. Weekend Trips
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Generator Market Size and Volume Forecast by Type
12.7.1. 6kw
12.7.2. 8kw
12.7.3. 10kw
12.7.4. 12kw
12.7.5. 14kw
12.7.6. 20kw
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 Generator Demand Share, 2019-2026
13. Middle East & Africa Home Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
13.4.1. Gardening
13.4.2. RV Use
13.4.3. Camping
13.4.4. Office
13.4.5. Boating
13.4.6. Hunting
13.4.7. Weekend Trips
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Generator Market Size and Volume Forecast by Type
13.7.1. 6kw
13.7.2. 8kw
13.7.3. 10kw
13.7.4. 12kw
13.7.5. 14kw
13.7.6. 20kw
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 Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Generator Market: Market Share Analysis
14.2. Home Generator Distributors and Customers
14.3. Home Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Generac Power Systems(USA)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kohler(USA)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Briggs and Stratton(USA)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honda Power(USA)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. United Power(Germany)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Champion Power Equipment(USA)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wacker Neuson(Singapore)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Power(UK)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sawafuji(Japan)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell Generators(USA)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HGI Generators(Germany)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mi-T-M(USA)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Scott's Heating and Cooling(USA)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Cummins(USA)
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
