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Residential Generators Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Date:8/7/2014

There is an increasing shift towards eco-friendly generator due to the rising awareness among consumers. Next-generation generator is one of the emerging trends in the residential generators market. Smart generators are incorporated with additional features in order to monitor through internet. These smart generators offers several features including clean power output, longer running times, fuel efficiency, and quiet operation in a portable package.

Automatic home standby generator used for residential applications monitors the utility power coming in home. Generator turns itself on and offers power to pre-specified areas of house when there is electricity outage. Home standby generator system consists of an automatic transfer switch and generator. This automatic transfer switch switches power between generator and utility during a power outage and decides when to turn on the generator.

There is an increasing need for electricity among residential consumer due to rising dependence on electrical and electronic products including heating equipment, air conditioners and refrigerators. Different players in residential generators market are in the process of developing advanced generators with improved functionalities and features to sustain in the highly competitive industry. Some of the major players in residential generators market include Generac Holdings Inc., Eaton Corp., Kohler Company, Pramac S.p.A., Multiquip Inc., Champion Power Equipment, Inc., Generac Power Systems, FK Generators and Equipment Ltd., Yamaha Motor Corp., Honda Motor Co. Ltd., Cummins Inc., TECO-Westinghouse Motor Company, Mi-T-M Corp., Briggs and Stratton Corp., and Techtronic Industries Co. Ltd. among others.

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