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Household Generators Trends and Forecast
The future of the global household generator market looks promising with opportunities in the stationary and portable markets. The global household generator market is expected to reach an estimated $14.1 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are increasing frequency and duration of power outages, growing awareness towards the benefits of household generators, and increasing urbanization and rising disposable incomes.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Household Generators by Segment
The study includes a forecast for the global household generators by product, power rating, fuel type, and region.
Household Generator Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Stationary
• Portable
Household Generator Market by Power Rating [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 4 KW
• 4- 8 KW
• 8-17 KW
• More Than 17 KW
Household Generator Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:
• Gasoline
• Diesel
• Others
Household Generator Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Household Generators Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies household generators companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the household generators companies profiled in this report include-
• Generac Power Systems
• Briggs & Stratton
• Cummins
• American Honda Motor
• Yamaha Generators
• Kohler
• Multiquip
• Eaton
• Wacker Neuson SE
Household Generator Market Insights
Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period because they are more affordable and easier to operate as compared to diesel generators.
Within this market, portable will remain the largest segment because they are more versatile and affordable and also they can be easily transported to where they are needed.
APAC is expected to witness highest growth over the forecast period due to the increasing urbanization and industrialization along with rising demand for electricity from households.
Features of the Global Household Generator Market
Market Size Estimates: Household generators market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Household generators market size by product, power rating, fuel type, and region in terms of value ($B).
Regional Analysis: Household generators market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, power rating, fuel types, and regions for the household generator market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the household generator market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the household generator market size?
Answer: The global household generator market is expected to reach an estimated $14.1 billion by 2030.
Q.2 What is the growth forecast for household generator market?
Answer: The global household generator market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the household generator market?
Answer: The major drivers for this market are increasing frequency and duration of power outages, growing awareness towards the benefits of household generators, and increasing urbanization and rising disposable incomes.
Q4. What are the major segments for household generator market?
Answer: The future of the household generator market looks promising with opportunities in the stationary and portable markets.
Q5. Who are the key household generator market companies?
Answer: Some of the key household generators companies are as follows:
• Generac Power Systems
• Briggs & Stratton
• Cummins
• American Honda Motor
• Yamaha Generators
• Kohler
• Multiquip
• Eaton
• Wacker Neuson SE
Q6. Which household generator market segment will be the largest in future?
Answer: Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period because they are more affordable and easier to operate as compared to diesel generators.
Q7. In household generator market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the increasing urbanization and industrialization along with rising demand for electricity from households.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the household generator market by product (stationary and portable), power rating (less than 4 KW, 4- 8 KW, 8-17 KW, and more than 17 KW), fuel type (gasoline, diesel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Household Generators Market, Household Generators Market Size, Household Generators Market Growth, Household Generators Market Analysis, Household Generators Market Report, Household Generators Market Share, Household Generators Market Trends, Household Generators Market Forecast, Household Generators Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Household Generator Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Household Generator Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Household Generator Market by Product
3.3.1: Stationary
3.3.2: Portable
3.4: Global Household Generator Market by Power Rating
3.4.1: Less than 4 KW
3.4.2: 4- 8 KW
3.4.3: 8-17 KW
3.4.4: More than 17 KW
3.5: Global Household Generator Market by Fuel Type
3.5.1: Gasoline
3.5.2: Diesel
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Household Generator Market by Region
4.2: North American Household Generator Market
4.2.2: North American Household Generator Market by Fuel Type: Gasoline, Diesel, and Others
4.3: European Household Generator Market
4.3.1: European Household Generator Market by Product: Stationary and Portable
4.3.2: European Household Generator Market by Fuel Type: Gasoline, Diesel, and Others
4.4: APAC Household Generator Market
4.4.1: APAC Household Generator Market by Product: Stationary and Portable
4.4.2: APAC Household Generator Market by Fuel Type: Gasoline, Diesel, and Others
4.5: ROW Household Generator Market
4.5.1: ROW Household Generator Market by Product: Stationary and Portable
4.5.2: ROW Household Generator Market by Fuel Type: Gasoline, Diesel, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Household Generator Market by Product
6.1.2: Growth Opportunities for the Global Household Generator Market by Power Rating
6.1.3: Growth Opportunities for the Global Household Generator Market by Fuel Type
6.1.4: Growth Opportunities for the Global Household Generator Market by Region
6.2: Emerging Trends in the Global Household Generator Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Household Generator Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Household Generator Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Generac Power Systems
7.2: Briggs & Stratton
7.3: Cummins
7.4: American Honda Motor
7.5: Yamaha Generators
7.6: Kohler
7.7: Multiquip
7.8: Eaton
7.9: Wacker Neuson SE
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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