Gasoline Gensets Market Report

Market Insights

Gasoline Gensets Market is expected to grow from USD 3.78 billion in 2021 to USD 5.46 billion by 2028 at a CAGR of 5.32% during 2022-2028.

What is gasoline genset?

Gasoline genset is basically a power unit in which the source of fuel is gasoline. These types of gensets require less maintenance and are also more affordable as compared to diesel or oil generators.

Market Drivers

Major factors such as growing demand for consistent power supply driven by inadequate electric grid infrastructure and increasing number of consumer participation in recreational activities are expected to fuel the market growth during the forecast period.

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Segment Analysis

By Power Rating Type

The market is segmented as <2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA. 3.5-5 kVA is estimated to witness significant growth in the market during the forecast period on account of growing demand for power supply as a result of increasing end-user participation in recreational activities.

By Phase Type

The market is segmented as single phase and three phase. Three phase is estimated to account for the major share of the market during the forecast period on account of increasing consumer demand for electricity backup system.

By End-Use Type

The market is segmented as residential, commercial, and construction. The residential segment is estimated to be the largest segment of the market during the forecast period on account of rising per capita income coupled with improved standard living standards.

By Region

Asia-Pacific is estimated to witness significant growth in the market on account of robust development in residential and commercial sectors with China and India being the major countries with lucrative growth opportunities during the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The gasoline gensets market is segmented into the following categories.

By Power Rating Type:

• <2 kVA
• 2-3.5 kVA
• 3.5-5 kVA
• 5-6.5 kVA
• 6.5-8 kVA
• 8-15 kVA

By Phase Type:

• Single Phase
• Three Phase

By End-Use Type:

• Residential
• Commercial
• Construction

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the gasoline gensets market are-

• Atlas Copco AB
• Briggs & Stratton
• Caterpillar Inc.
• Cummins, Inc.
• Generac Power Systems, Inc.
• Honda Motor Co., Ltd.
• Kirloskar Oil Engines Limited
• Kohler Co.
• Siemens AG
• Yamaha Motor Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the power rating types by end-use type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.