Global Residential Gas Power Generators Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The Residential Gas Power Generators Market has seen a significant surge in demand as homeowners increasingly prioritize energy reliability. With natural disasters and power outages becoming more frequent, many individuals are investing in backup power solutions that ensure their homes remain powered during critical moments. Gas-powered generators, in particular, have proven to be an efficient and reliable source of energy for residential use, offering users a sense of security and peace of mind. One of the key drivers in this market’s growth is the rising popularity of off-grid living and remote locations, where access to traditional electricity may be limited. Gas power generators offer an ideal solution for such settings due to their mobility and ease of setup. As environmental concerns continue to rise, advancements in generator technology have led to more fuel-efficient, eco-friendly models that minimize emissions while providing consistent power. The global residential gas power generator market is expected to grow steadily in the coming years, with some experts predicting a compound annual growth rate (CAGR) of 5-7%. North America remains one of the largest markets due to the region’s frequent power outages, while Europe and Asia Pacific are also experiencing steady demand. When selecting a gas generator for home use, consumers are advised to consider factors such as power capacity, fuel consumption, noise levels, and maintenance requirements. Leading brands like Honda, Generac, and Champion have captured significant market share due to their reputation for high-quality, durable products. As the market evolves, innovations such as smart generators, which allow for remote monitoring and management via smartphones, are beginning to take off. This shift toward smarter, more connected devices is expected to shape the future of the residential gas power generator industry, offering increased convenience and efficiency for homeowners.
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Generac
Honda Power
Briggs and Stratton
KOHLER
Champion
Yamaha
TTI
United Power Technology
Cummins Power Systems
Eaton
Wacker Neuson
Honeywell
Hyundai Power
Sawafuji
Scott's
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Residential Gas Power Generators Market
Less than 4 KW
4- 8 KW
8-17 KW
More than 17 KW
Based on Types the Market is categorized into Below types that held the largest Residential Gas Power Generators market share In 2023.
Portable Generators
Standby Generators
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Residential Gas Power Generators Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Residential Gas Power Generators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Residential Gas Power Generators Market, By Type
6. Global Residential Gas Power Generators Market, By Application
7. Global Residential Gas Power Generators Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Residential Gas Power Generators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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