The development of next-generation generation is a distinguishing trend coming to the fore in the residential generator market. Smart generators are equipped with additional features that are connected to smart devices through the Internet. The other features of smart devices include clean power output, fuel efficiency, longer running times, and quiet operation.
Dynamo, homopolar generator, MHD generator, alternator, induction generator, and other rotating electromagnetic generators are some of the types of electric generators.
In residential applications, automatic home standby generator is used for monitoring utility power supply. Generators turn itself on in the event of an electricity outage and supply power to all the areas in the house that are connected to the equipment. The generator switches off itself when utility power is restored. A home standby generator is equipped with an automatic transfer switch; the switch switches between utility power and generator power depending on if there is a power outage or if it is restored.
Global Residential Generator Market: Regional Overview
The global residential generator market is broadly segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to emerge as a significant regional market for residential generators due to rapid urbanization in the emerging economies of China and India.
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Major Companies Mentioned in Report
Some of the leading companies in the global residential generators market include Generic Holdings Inc., Kohler Company, Multiquip Inc., Generac Power Systems, Yamaha Motor Corp., Cummins Inc., Mi-T-M Corp., Techtronic Industries Co. Ltd., Eaton Corp., Pramac S. p. A., Generac Power Systems, Honda Motor Co. Ltd., TECO-Westinghouse Motor Company, FK Generators and Equipment Ltd., and Stratton Corp. among others.