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Residential Generators - Market Analysis, Trends, and Forecasts

  • ID: 4721440
  • Report
  • February 2020
  • Region: Global
  • 116 pages
  • Global Industry Analysts, Inc
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Residential Generators market worldwide is projected to grow by US$2.7 Billion, driven by a compounded growth of 3.8%. Residential Generators, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$11.8 Billion by the year 2025, Residential Generators will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$99.1 Million to the region's size and clout in the next 5 to 6 years. Over US$80 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Residential Generators will reach a market size of US$723.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6% over the next couple of years and add approximately US$761.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • American Honda Motor Co., Inc.
  • Atlas Copco AB
  • Briggs and Stratton Corporation
  • Caterpillar Inc.
  • Champion Power Equipment, Inc.
  • Cummins Inc.
  • Generac Power Systems, Inc.
  • Pramac S.p.A
  • Honeywell International Inc.
  • Kirloskar Electric Company Limited
  • Kohler Co., Rolls-Royce Power Systems AG
  • MTU Onsite Energy
  • Siemens Corporation
  • Westinghouse Electric Corporation
  • Wuxi Kipor Power Co. Ltd.
  • Wacker Neuson Corporation
  • Yamaha Motor Corporation
  • Yanmar Co., Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Residential Generators Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

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: Residential Generators Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Residential Generators Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Residential Generators Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics

TABLE 4: United States Residential Generators Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 5: Residential Generators Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Residential Generators Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Residential Generators Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Residential Generators: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Residential Generators Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Residential Generators Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Residential Generators Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

Market Analytics

TABLE 12: European Residential Generators Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Residential Generators Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Residential Generators Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Residential Generators Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Residential Generators Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Residential Generators Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Residential Generators Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Residential Generators Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Residential Generators Historic Market Analysis in Italy in US$ Million: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Residential Generators: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: Residential Generators Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

SPAIN

TABLE 23: Spanish Residential Generators Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 24: Spanish Residential Generators Historic Market Review in US$ Million: 2009-2017

RUSSIA

TABLE 25: Russian Residential Generators Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 26: Residential Generators Market in Russia: A Historic Review in US$ Million for 2009-2017

REST OF EUROPE

TABLE 27: Rest of Europe Residential Generators Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 28: Residential Generators Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 29: Asia-Pacific Residential Generators Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 30: Residential Generators Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 31: Asia-Pacific Residential Generators Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 32: Residential Generators Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 33: Australian Residential Generators Historic Market Analysis in US$ Million: 2009-2017

INDIA

TABLE 34: Indian Residential Generators Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 35: Indian Residential Generators Historic Market Review in US$ Million: 2009-2017

SOUTH KOREA

TABLE 36: Residential Generators Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 37: South Korean Residential Generators Historic Market Analysis in US$ Million: 2009-2017

REST OF ASIA-PACIFIC

TABLE 38: Rest of Asia-Pacific Market for Residential Generators: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 39: Residential Generators Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2009-2017

LATIN AMERICA

TABLE 40: Latin American Residential Generators Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 41: Residential Generators Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 42: Latin American Residential Generators Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

ARGENTINA

TABLE 43: Argentinean Residential Generators Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 44: Residential Generators Market in Argentina in US$ Million: A Historic Review for the Period 2009-2017

BRAZIL

TABLE 45: Residential Generators Market in Brazil: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 46: Brazilian Residential Generators Historic Market Scenario in US$ Million: 2009-2017

MEXICO

TABLE 47: Residential Generators Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 48: Mexican Residential Generators Historic Market Analysis in US$ Million: 2009-2017

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Residential Generators Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 50: Residential Generators Market in Rest of Latin America: A Historic Review in US$ Million for 2009-2017

MIDDLE EAST

TABLE 51: The Middle East Residential Generators Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 52: Residential Generators Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 53: The Middle East Residential Generators Market Share Breakdown by Region/Country: 2009, 2019, and 2025

IRAN

TABLE 54: Iranian Market for Residential Generators: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 55: Residential Generators Market in Iran: Historic Sales Analysis in US$ Million for the Period 2009-2017

ISRAEL

TABLE 56: Israeli Residential Generators Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 57: Residential Generators Market in Israel in US$ Million: A Historic Review for the Period 2009-2017

SAUDI ARABIA

TABLE 58: Saudi Arabian Residential Generators Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 59: Residential Generators Historic Market Analysis in Saudi Arabia in US$ Million: 2009-2017

UNITED ARAB EMIRATES

TABLE 60: Residential Generators Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 61: United Arab Emirates Residential Generators Historic Market Analysis in US$ Million: 2009-2017

REST OF MIDDLE EAST

TABLE 62: Residential Generators Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 63: Rest of Middle East Residential Generators Historic Market Analysis in US$ Million: 2009-2017

AFRICA

TABLE 64: African Residential Generators Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 65: Residential Generators Market in Africa: A Historic Review in US$ Million for 2009-2017

IV. COMPETITION

Total Companies Profiled: 32

Note: Product cover images may vary from those shown
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