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Residential Generators - Global Market Trajectory & Analytics

  • ID: 4721440
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Atlas Copco AB
  • Caterpillar Inc.
  • Cummins Inc.
  • Kohler Co.
  • MTU Onsite Energy
  • Siemens Corporation
Global Residential Generators Market to Reach $11.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Residential Generators estimated at US$9.4 Billion in the year 2020, is projected to reach a revised size of US$11.1 Billion by 2027, growing at a CAGR of 2.5% over the period 2020-2027.



The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 4.7% CAGR

The Residential Generators market in the U.S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Select Competitors (Total 32 Featured):
  • American Honda Motor Co., Inc.
  • Atlas Copco AB
  • Briggs and Stratton Corporation
  • Caterpillar Inc.
  • Champion Power Equipment, Inc.
  • Cummins Inc.
  • Generac Power Systems, Inc.
  • Honeywell International, Inc.
  • Kirloskar Electric Company Limited
  • Kohler Co.,
  • MTU Onsite Energy
  • Rolls-Royce Power Systems AG
  • Siemens Corporation
  • Wacker Neuson Corporation
  • Westinghouse Electric Corporation
  • Wuxi Kipor Power Co. Ltd.
  • Yamaha Motor Corporation
  • Yanmar Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Atlas Copco AB
  • Caterpillar Inc.
  • Cummins Inc.
  • Kohler Co.
  • MTU Onsite Energy
  • Siemens Corporation
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Residential Generators: Enabling Accessible, Efficient, and Affordable Backup Power for the Powerless
  • Recent Market Activity
  • Need for Reliable and Continuous Power Supply Drive Widespread Adoption of Generators
  • Global Market Outlook
  • Replacement Demand to Sustain Demand for Residential Generators in Mature Developed Markets
  • Asia-Pacific: Fastest Growing Residential Generators Market
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • American Honda Motor Co., Inc. (USA)
  • Atlas Copco AB (Sweden)
  • Briggs and Stratton Corporation (USA)
  • Caterpillar Inc. (USA)
  • Champion Power Equipment, Inc. (USA)
  • Cummins Inc. (USA)
  • Generac Power Systems, Inc. (USA)
  • Pramac S.p.A (Italy)
  • Harbor Freight Tools USA, Inc. (USA)
  • Harrington Generators International Ltd. (UK)
  • Honeywell International Inc. (USA)
  • Kirloskar Electric Company Limited (India)
  • Kohler Co. (USA)
  • Mi-T-M Corporation (USA)
  • Multiquip Inc. (USA)
  • Rolls-Royce Power Systems AG (Germany)
  • MTU Onsite Energy (USA)
  • Scott’s Emergency Lighting and Power Generation, Inc. (USA
  • Siemens Corporation (USA)
  • Westinghouse Electric Corporation (USA)
  • Wuxi Kipor Power Co. Ltd. (China)
  • Wacker Neuson Corporation (USA)
  • Yamaha Motor Corporation (USA)
  • Yanmar Co., Ltd. (Japan)
  • Himoinsa (Spain)
3. MARKET TRENDS & DRIVERS
  • Growing Popularity of Automatic, Intelligent, and Smart Generators Drive Healthy Market Growth
  • Advanced Technology and Connectivity Make Residential Generators Smarter
  • Automatic Generators Integrated with Smart Technologies
  • Gasoline-Powered, and Solar and Battery Combination Generators Gain Traction
  • Frequent Power Outages Due to Aging and Heavily Burdened Electric Power Infrastructure Benefit Market Expansion
  • Grid Failures Due to Natural & Man Made Disasters Also Boost Demand for Residential Generators
  • List of Major Power Outages That Affected Global Power Supply for 2015 & 2016
  • Slow yet Encouraging Rise in Residential Construction Activity to Sustain Growth in the Market
  • Growing Investments in Smart Homes that Requires Uninterrupted Power Supply Drive Strong Business Case for Residential Generators
  • Easy Portability, Low Installation & Maintenance Requirements Drive Surging Demand for PorTable Residential Generators
  • Bi-Fuel Portability Aid Growth
  • Market for Generators with Output Capacity Upto 20 KVA Gain Momentum
  • Lower Prices and Lack of Proper Network for Gas Transportation Benefit Demand for Diesel Generators
  • Longer Duration of Power Supply during Outages Spur Demand for Residential Standby Generators
  • Select Innovative Residential Standby Generator Models
  • Impediments in Market Growth
  • Despite Lowering Prices, Cost of Operations & Maintenance Continues to Remain High
  • Sputtering Economic Growth Forcing Cut in Consumer Spending
  • Stringent Environmental Guidelines Hampering Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Residential Generators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Residential Generators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Residential Generators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 4: USA Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 5: USA Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • CANADA
  • Table 6: Canada Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 7: Canada Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • JAPAN
  • Table 8: Japan Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 9: Japan Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • CHINA
  • Table 10: China Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 11: China Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • EUROPE
  • Table 12: Europe Current & Future Analysis for Residential Generators by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 13: Europe Historic Review for Residential Generators by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 14: Europe 15-Year Perspective for Residential Generators by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
  • Table 15: France Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: France Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • GERMANY
  • Table 17: Germany Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Germany Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ITALY
  • Table 19: Italy Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Italy Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
  • Table 21: UK Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: UK Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SPAIN
  • Table 23: Spain Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Spain Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • RUSSIA
  • Table 25: Russia Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: Russia Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Residential Generators by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific Historic Review for Residential Generators by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 31: Asia-Pacific 15-Year Perspective for Residential Generators by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
  • AUSTRALIA
  • Table 32: Australia Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 33: Australia Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • INDIA
  • Table 34: India Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 35: India Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SOUTH KOREA
  • Table 36: South Korea Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 37: South Korea Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF ASIA-PACIFIC
  • Table 38: Rest of Asia-Pacific Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 39: Rest of Asia-Pacific Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • LATIN AMERICA
  • Table 40: Latin America Current & Future Analysis for Residential Generators by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 41: Latin America Historic Review for Residential Generators by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 42: Latin America 15-Year Perspective for Residential Generators by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
  • ARGENTINA
  • Table 43: Argentina Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Argentina Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • BRAZIL
  • Table 45: Brazil Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: Brazil Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • MEXICO
  • Table 47: Mexico Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: Mexico Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF LATIN AMERICA
  • Table 49: Rest of Latin America Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Latin America Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • MIDDLE EAST
  • Table 51: Middle East Current & Future Analysis for Residential Generators by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 52: Middle East Historic Review for Residential Generators by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 53: Middle East 15-Year Perspective for Residential Generators by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
  • IRAN
  • Table 54: Iran Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 55: Iran Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ISRAEL
  • Table 56: Israel Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 57: Israel Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SAUDI ARABIA
  • Table 58: Saudi Arabia Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 59: Saudi Arabia Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • UNITED ARAB EMIRATES
  • Table 60: UAE Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 61: UAE Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF MIDDLE EAST
  • Table 62: Rest of Middle East Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Middle East Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • AFRICA
  • Table 64: Africa Current & Future Analysis for Residential Generators by Segment - Residential Generators - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 65: Africa Historic Review for Residential Generators by Segment - Residential Generators Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
IV. COMPETITION
  • Total Companies Profiled: 32
Note: Product cover images may vary from those shown
  • American Honda Motor Co. Inc.
  • Atlas Copco AB
  • Briggs and Stratton Corporation
  • Caterpillar Inc.
  • Champion Power Equipment, Inc.
  • Cummins Inc.
  • Generac Power Systems, Inc.
  • Honeywell International, Inc.
  • Kirloskar Electric Company Limited
  • Kohler Co.
  • MTU Onsite Energy
  • Rolls-Royce Power Systems AG
  • Siemens Corporation
  • Wacker Neuson Corporation
  • Westinghouse Electric Corporation
  • Wuxi Kipor Power Co. Ltd.
  • Yamaha Motor Corporation
  • Yanmar Co. Ltd.
Note: Product cover images may vary from those shown
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