Residential Gas Generator Market 2024-2028: Size and Availability of alternatives; growth driven by the Type, Some of key Companies Positioned Strategically

The residential gas generator market size by Type (Stationary and Portable) and Geography (North America, Europe, APAC, Middle East and Africa, and South America), is forecast to increase by USD 599.9 million. The market is expected to grow at a CAGR of   7.08% between 2024 and 2028.

• In the rapidly evolving backup power market, residential consumers are increasingly turning to alternative solutions such as battery power packs and inverter technology, as opposed to traditional generators. These alternatives offer several advantages, including reduced maintenance costs, lower fuel consumption, and a more eco-friendly footprint. These power packs, which typically consist of a large battery coupled with an inbuilt inverter, provide AC wall-plug-styled outlets and USB ports for added convenience. Global brands offer these solutions, providing consumers with reliable and efficient backup power options that are both cost-effective and environmentally responsible.
• The Residential Gas Generator market represents a significant business opportunity, driven by increasing demand for uninterrupted power supply and growing awareness of energy security. Key players in this sector focus on enhancing product efficiency, reliability, and safety features to cater to discerning consumers. Technological advancements, regulatory compliance, and cost-effective solutions are critical success factors in this competitive landscape.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Aggreko Plc
• Atlas Copco AB
• Briggs and Stratton LLC
• Caterpillar Inc.
• Champion Power Equipment Inc.
• Cummins Inc.
• DuroMax Power Equipment
• Generac Holdings Inc.
• Honda Motor Co. Ltd.
• Kohler Co.
• PR INDUSTRIAL Srl
• Pulsar Products Inc.
• Rolls Royce Holdings Plc
• WEN Products
• Yanmar Holdings Co. Ltd.

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Technavio Research
Jesse Maida
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