Report Code: A15968 | Pages: NA | Jul 2023 | 1690 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Home Standby Generator Market
Request Now !The global home standby generator market thrives on the back of the increasing energy and constant power supply needs, rising the need for emergency power backup sources, such as standby generators. Moreover, increase in R&D projects that have resulted in the development of advanced standby generators, growing collaboration and partnerships of large manufacturing companies, and the rise in number of product launches are anticipated to contribute towards the growth of the global home standby generator market. However, the high cost of generators inhibits market growth. As such, its low maintenance cost makes up for the initial investment. In conclusion, manufacturers are strategically targeting generators toward customers according to their unique requirements.
COVID-19 Impact AnalysisÂ
Top Impacting Factors
Growing intensity and frequency of prolonged power disruptions on account of grid inadequacy, deteriorating weather conditions, degrading resilience of the T&D infrastructure accompanied by an invariable demand for uninterrupted power supply are expected to stimulate the global market growth. In addition, growing significance of uptime & reliable power supply to consistently operate critical electronic loads across residential spaces will further accelerate the deployment of these units. The rise in awareness toward reliable emergency backup power, increase in consumer spending driven accompanied by a positive outlook toward residential investments is expected to drive the global market size. The increase in implications for energy security, concerns over fossil-fuel consumption and shifting trends toward cleaner-burning fuels & renewables further impact the industry dynamics.
Market Trends
Key Benefits of Report
This study presents the analytical depiction of the home standby generator market industry along with the current trends and future estimations to determine the imminent investment pockets.
Questions Answered in Home Standby Generator Market Report
Home Standby Generator Market Report Highlights
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