The future of the global household generators 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.
Some of the key questions
answered in this exclusive report are:
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?
Market Segmentation:
In this market, gasoline
and diesel are the major segments of household generator market by fuel type.
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.
Generac Power Systems,
Briggs & Stratton, Cummins, American Honda Motor, Yamaha Generators,
Kohler, Multiquip, Eaton, and Wacker Neuson SE are the major suppliers in the
household generator market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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