+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Residential Generators - Global Market Trajectory & Analytics

  • PDF Icon

    Report

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

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.
Frequently Asked Questions about the Global Market for Residential Generators

What is the estimated value of the Global Market for Residential Generators?

The Global Market for Residential Generators was estimated to be valued at $9.4 Billion in 2020.

What is the growth rate of the Global Market for Residential Generators?

The growth rate of the Global Market for Residential Generators is 2.4%, with an estimated value of $11.1 Billion by 2027.

What is the forecasted size of the Global Market for Residential Generators?

The Global Market for Residential Generators is estimated to be worth $11.1 Billion by 2027.

Who are the key companies in the Global Market for Residential Generators?

Key companies in the Global Market for Residential Generators include 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. and Kohler Co..

FEATURED COMPANIES

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

I. METHODOLOGYII. 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

A selection of companies mentioned in this report includes:

  • 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.