Residential Gas Generator Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 120

SKU: IRTNTR72373

Snapshot

The residential gas generator market share is expected to increase by USD 691.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8%.

This residential gas generator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers residential gas generator market segmentation by type (stationary and portable) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The residential gas generator market report also offers information on several market vendors, including Aggreko Plc, Briggs and Stratton LLC, Caterpillar Inc., Champion Power Equipment Inc., Cummins Inc., DuroMax Power Equipment, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., PR INDUSTRIAL Srl, Pulsar Products Inc., Rolls-Royce Plc, WEN Products., Yanmar Holdings Co. Ltd., and Atlas Copco AB among others.

What will the Residential Gas Generator Market Size be During the Forecast Period?

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Residential Gas Generator Market: Key Drivers, Trends, and Challenges

The growing popularity of gas generators is notably driving the residential gas generator market growth, although factors such as the availability of alternatives may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential gas generator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Residential Gas Generator Market Driver

One of the key factors driving the global residential gas generator market growth is the growing popularity of gas generators. For the last five years, there has been steady growth in demand for gas generators, while the demand for diesel generators has slumped. They are refilled using gas pipelines coming from utilities, unlike diesel that needs to be stored, maintained, and refilled. Most developed countries such as the US and Germany have a well-planned pipeline infrastructure that supplies natural gas. Moreover, natural gas is easier to procure in case of natural calamities such as hurricanes because it is supplied through underground wind- and storm-proof lines. Furthermore, diesel generators emit harmful particles that are detrimental to the environment. This is one of the major reasons that have compelled residential consumers to switch to gas generators, which, in turn, will support the market growth during the forecast period.

Key Residential Gas Generator Market Challenge

One of the key challenges to the global residential gas generator market growth is the availability of alternatives such as power packs. A power pack comprises a battery whose DC output is effectively converted to required AC power using an inverter. When power packs are not in operation, they are in charging mode for later use. Currently, power pack manufacturers, including Luminous, Amaron, and Microtek, have improved their engineering design. Their new power packs house both into a compact unit. This helps end-users to plug and switch the equipment on. Power packs are ideal for residential uses and are expected to give tough competition to portable gas generators. Thus, the market will face a challenging situation from the power pack market during the forecast period.

This residential gas generator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global residential gas generator market as a part of the global heavy electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the residential gas generator market during the forecast period.

Who are the Major Residential Gas Generator Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the residential gas generator market encompasses successful business strategies deployed by the key vendors. The residential gas generator market is fragmented and the vendors are deploying growth strategies such as technological developments to compete in the market.

Product Insights and News

Briggs and Stratton LLC is a privately held company headquartered in US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global residential gas generator market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
The company offers a wide range of residential gas generators such as PowerProtect standby generator, PowerProtect DX standby generator among others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The residential gas generator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Residential Gas Generator Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the residential gas generator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Residential Gas Generator Market?

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31% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for residential gas generators in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The significant increase in the demand for generators due to the increase in severity and frequency of natural disasters will facilitate the residential gas generator market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in the region in 2020 led to a further decline in energy consumption. The US was the most affected country by the pandemic in the region in 2020. With the implementation of lockdown measures, the consumption of electricity witnessed a steep decline in Q1 2020. However, there has been a rise in production activities in various industries, such as manufacturing and automobile, in the region since the beginning of 2021. This has led to an increase in the demand for power generation, which is expected to have a positive impact on the growth of the market in North America during the forecast period.

What are the Revenue-generating Type Segments in the Residential Gas Generator Market?

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The residential gas generator market share growth by the stationary gas generators segment will be significant during the forecast period. The growth is attributed to the high installation of stationary gas generators owing to their operational reliability when addressing high-power requirements that can reach several kilowatts for extended periods.

This report provides an accurate prediction of the contribution of all the segments to the growth of the residential gas generator market size and actionable market insights on post COVID-19 impact on each segment.

Residential Gas Generator Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8%
Market growth 2022-2026	$ 691.47 million
Market structure	Fragmented
YoY growth (%)	6.8
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 31%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aggreko Plc, Briggs and Stratton LLC, Caterpillar Inc., Champion Power Equipment Inc., Cummins Inc., DuroMax Power Equipment, Generac Power Systems Inc., Honda Motor Co. Ltd., Kohler Co., PR INDUSTRIAL Srl, Pulsar Products Inc., Rolls-Royce Plc, WEN Products., Yanmar Holdings Co. Ltd., and Atlas Copco AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Residential Gas Generator Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive residential gas generator market growth during the next five years
Precise estimation of the residential gas generator market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the residential gas generator industry across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of residential gas generator market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Stationary - Market size and forecast 2021-2026
- Exhibit 28: Chart on Stationary - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Stationary - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Stationary - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Stationary - Year-over-year growth 2021-2026 (%)

5.4 Portable - Market size and forecast 2021-2026
- Exhibit 32: Chart on Portable - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Portable - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Portable - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Portable - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Briggs and Stratton LLC
- Exhibit 89: Briggs and Stratton LLC - Overview
- Exhibit 90: Briggs and Stratton LLC - Product / Service
- Exhibit 91: Briggs and Stratton LLC - Key offerings

10.4 Caterpillar Inc.
- Exhibit 92: Caterpillar Inc. - Overview
- Exhibit 93: Caterpillar Inc. - Business segments
- Exhibit 94: Caterpillar Inc. - Key offerings
- Exhibit 95: Caterpillar Inc. - Segment focus

10.5 Champion Power Equipment Inc.
- Exhibit 96: Champion Power Equipment Inc. - Overview
- Exhibit 97: Champion Power Equipment Inc. - Product / Service
- Exhibit 98: Champion Power Equipment Inc. - Key offerings

10.6 Cummins Inc.
- Exhibit 99: Cummins Inc. - Overview
- Exhibit 100: Cummins Inc. - Business segments
- Exhibit 101: Cummins Inc. - Key offerings
- Exhibit 102: Cummins Inc. - Segment focus

10.7 DuroMax Power Equipment
- Exhibit 103: DuroMax Power Equipment - Overview
- Exhibit 104: DuroMax Power Equipment - Product / Service
- Exhibit 105: DuroMax Power Equipment - Key offerings

10.8 Generac Power Systems Inc.
- Exhibit 106: Generac Power Systems Inc. - Overview
- Exhibit 107: Generac Power Systems Inc. - Business segments
- Exhibit 108: Generac Power Systems Inc. - Key news
- Exhibit 109: Generac Power Systems Inc. - Key offerings
- Exhibit 110: Generac Power Systems Inc. - Segment focus

10.9 Honda Motor Co. Ltd.
- Exhibit 111: Honda Motor Co. Ltd. - Overview
- Exhibit 112: Honda Motor Co. Ltd. - Business segments
- Exhibit 113: Honda Motor Co. Ltd. - Key offerings
- Exhibit 114: Honda Motor Co. Ltd. - Segment focus

10.10 Kohler Co.
- Exhibit 115: Kohler Co. - Overview
- Exhibit 116: Kohler Co. - Product / Service
- Exhibit 117: Kohler Co. - Key news
- Exhibit 118: Kohler Co. - Key offerings

10.11 Pulsar Products Inc.
- Exhibit 119: Pulsar Products Inc. - Overview
- Exhibit 120: Pulsar Products Inc. - Product / Service
- Exhibit 121: Pulsar Products Inc. - Key offerings

10.12 Yanmar Holdings Co. Ltd.
- Exhibit 122: Yanmar Holdings Co. Ltd. - Overview
- Exhibit 123: Yanmar Holdings Co. Ltd. - Product / Service
- Exhibit 124: Yanmar Holdings Co. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 125: Inclusions checklist
- Exhibit 126: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 127: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 128: Research methodology
- Exhibit 129: Validation techniques employed for market sizing
- Exhibit 130: Information sources

11.5 List of abbreviations
- Exhibit 131: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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