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 .