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Gasoline Gensets Market Report
Gasoline Gensets Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
The Gasoline Gensets Market is Segmented by Power Rating Type (<2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA), by Phase Type (Single Phase and Three Phase), by End-Use Type (Residential, Commercial, and Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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.
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.
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.
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.
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.
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.
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.
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.
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Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The gasoline gensets market is segmented into the following categories.
Some of the key players in the gasoline gensets market are-
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.
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The gasoline gensets market is expected to witness an impressive growth of 5.32% CAGR during 2022-2028.
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, and Yamaha Motor Co., Ltd are among the key players in the market.
Gasoline gensets market size is expected to reach USD 5.46 billion in 2028.
Asia-pacific is expected to witness significant growth in the market during the forecast period of 2022-28.
The residential segment is expected to be the largest end-use type in the market in the coming five years.
Growing demand for consistent power supply driven by inadequate electric grid infrastructure and increasing number of consumer participation in recreational activities are the factors driving the growth of market.
3.5-5 kVA is expected to witness significant growth in the market during the forecast period.
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