The Global Market for Residential Generators is Forecast to Reach US$11.1 Billion by 2022
Need for Uninterrupted Power Supply to Support Modern Digital Living to Drive the Residential Generators Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Residential Generators market. The global market for residential generators is forecast to reach US$11.1 billion by 2022 driven by the growing popularity of backup power to energize a house especially against the backdrop of the rising number smart connected homes and buildings where uninterrupted energy supply is almost a sacrosanct need. As machines designed to provide temporary electrical power to households during utility power supply outages, residential generators have become highly popular over the years and currently represent a multi-billion dollar market. While by