As per the research report titled ‘Home Standby Gensets Market Size By Power Rating (< 10 kVA, 10 kVA - 50 kVA, 50 kVA - 100 kVA, > 100 kVA), By Fuel (Diesel, Gas), By Phase (Single Phase, Three Phase), By Product (Air Cooled, Liquid Cooled), Industry Analysis Report, Regional Analysis, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, home standby gensets market is expected to amass a sizable valuation by 2027.

Frequent power outages due to extreme weather conditions is a primary factor fueling home standby gensets market growth.

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Notably, standby gensets which are installed outside homes play a crucial role in powering appliances such as air conditioners, surveillance devices, and refrigerators in the event of a power outage, thereby ensuring seamless operation of appliances.

Heavy dependence of remotely located households on power generators is expected to positively impact growth trajectory of the market in the forthcoming years.

Based on power rating, the > 100 kVA sub-segment of Saudi Arabia home standby gensets industry is anticipated to register a robust growth rate during the analysis timeframe.

From a regional frame of reference, Middle East & Africa market is expected to garner strong returns during the review period, attributable to increased frequency of unfavorable weather conditions and expansion of real estate industry across several nations.

Meanwhile, Latin America industry is slated to amass a substantial valuation during the study period, pertaining to booming population in the region, combined with increased dependency of electrical appliances for day-to-day activities.

The competitive terrain of home standby gensets industry is influenced by players such as Sommers Inc., Caterpillar Inc., Kirloskar Group, Cummins Inc., Rolls Royce Power Systems AG, Generac Holdings Inc., Briggs & Stratton Corporation, and Kohler Co.

These companies are directing their funds towards undertaking various partnership deals, mergers, acquisitions, and new product launches to maintain a strong foothold over market dynamics.

To cite an instance, in March 2021, Briggs and Stratton Corporation, a global outdoor power equipment manufacturing establishment, doubled its production capacity to meet burgeoning consumer demand for reliable power generators across North America.

Similarly, the power management company Eaton Corp. announced the acquisition of Tripp Lite, a prominent supplier of power distribution units, in March 2021 with the aim to expand its business in the power quality sector.