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Asia Pacific Gasoline Gensets Market Trends

Report ID: GMI6915
Published Date: Dec 2024
Report Format: PDF

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Asia Pacific Gasoline Gensets Market Trends

The increasing need for backup power in homes, businesses, and critical services is set to bolster the industry growth. Gasoline gensets have become especially popular in the countries with unstable grid power and for outdoor recreational use. Their compact size, portability, and ease of use make them versatile power solutions, accelerating the product penetration. Additionally, growing environmental awareness and stricter regulations are likely to encourage the adoption of cleaner and more efficient models.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The Asia Pacific market for gasoline gensets was reached USD 3.1 billion in 2024 and is projected to grow at a 4.5% CAGR from 2025 to 2034, driven by rising infrastructure investments and a thriving construction sector.

The single-phase gasoline gensets market is expected to exceed USD 2 billion by 2034, supported by substantial capital investments in real estate, commercial, and construction sectors.

The 6 kW - 8 kW gasoline gensets market is anticipated to grow at over 3.5% CAGR through 2034, fueled by frequent power outages, aging grid infrastructure, and rising natural disasters.

China's gasoline gensets market is set to surpass USD 1.2 billion by 2034, led by government incentives, rapid urbanization, and stricter emissions regulations aimed at reducing pollution.

Key players in the industry include Briggs & Stratton, Caterpillar, Cooper Corporation, Cummins, Deere & Company, Generac Power Systems, Himalayan Power Machines, Honda Motor, Kirloskar, MAHINDRA POWEROL, Rehlko, Shaktiman Equipments, Wacker Neuson SE, and Yamaha Motor.