Residential Generators Market Forecasts to 2028 | Drivers and Opportunities| Key player Analysis Honda Motor Co. Ltd., Kohler Co., Generac Holdings Inc.

According to Stratistics MRC, the Global Residential Generators Market is accounted for $9.40 billion in 2020 and is expected to reach $13.36 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Growing popularity of automatic, intelligent, and smart generators, grid failures due to natural & manmade disasters, longer duration of power supply during outages is driving the market growth. However, increasing shift towards solar power is hampering the growth of the market.

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By geography, North America is going to have high growth during the forecast period due to the factors like high population, extreme weather conditions, and increasing number of housing units and commercial buildings are major driving factor of the portable generator market in most of the countries of North America. And companies in the U.S. residential generators market are offering genset sizing calculation services to offer tailored solutions to customers which increase the market growth in the region.

Some of the key players profiled in the Residential Generators Market include Honda Motor Co. Ltd., Kohler Co., Scott’s Emergency Lighting & Power Generation Inc., Generac Holdings Inc., General Electric Co.,  Cummins Power Systems, Briggs & Stratton Corporation, Techtronic Industries, Honeywell International, Inc., Hyundai Power, Atlas Copco AB, Westinghouse Electric Corporation, and Wuxi Kipor Power Co. Ltd.

Types Covered:
• Portable
• Standby

Energies Covered:
• Less than 4 KW
• 4- 8 KW
• 8-17 KW
• More than 17 KW   

Fuel Types Covered:
• Diesel
• Gasoline
• Propane

Applications Covered:
• Illumination
• Lights
• Refrigerators and Freezers
• Computers, Tablets and Cell Phone Chargers
• Televisions (TVs)
• Sump Pumps
• Furnaces and Air Conditioners
• Home Security Systems

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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