Gasoline Gensets Market Size - By Power Rating (< 2 kW, 2 kW - 5 kW, 6 kW - 8 kW, > 8 kW - 15 kW), By Phase (Single Phase, Three Phase), By End Use (Residential, Commercial, Construction), By Regional Outlook & Forecast, 2024 – 2032

Gasoline Gensets Market Size

Gasoline Gensets Market was valued at USD 9.8 billion in 2023 and is estimated to grow at a CAGR of 4.2% from 2024 to 2032. The industry growth will be positively influenced by inadequate power supply, frequent power interruptions, evolving consumer preferences and ongoing infrastructure development.
 

Gasoline gensets are portable and versatile devices used to provide backup power in various settings. These generators typically run on gasoline fuel making them convenient for emergency situations or where access to other fuels may be limited. These units are popular among homeowners, small businesses, and outdoor enthusiasts owing to their ease of use and mobility. They are available in a range of sizes and power capacities to suit different needs, from powering essential appliances during power outages to supporting recreational activities such as camping or outdoor events. While gasoline gensets offer immediate power solutions, they require regular fuel refilling and maintenance to ensure optimal performance and longevity.
 

Gasoline Gensets Market Trends

Growing consumer demand for reliable and continuous power supply coupled with a thriving construction sector will positively influence the business landscape. The product offers key benefits including lightweight, compact size, quiet operation, and high fuel efficiency, which in turn will fuel the drive the generator sets market. Additionally, heightened risk awareness and increased implementation of preparedness measures to combat natural disasters will further support the expansion of these units.
 

Gasoline Gensets Market Analysis

The 2 kW - 5 kW rated gasoline gensets will reach over USD 7 billion by 2032. The growing prevalence of natural disasters and the corresponding rise in emergency preparedness measures are further propelling market demand. Additionally, advancements in technology have led to the development of more fuel-efficient and environmentally friendly models, enhancing their appeal among consumers.
 

The commercial gasoline gensets market size will witness growth rate of over 4% through 2032. These gensets are essential for businesses to maintain operations during power outages, ensuring continuity and minimizing downtime. Ongoing technological advancements have led to the development of more efficient, quieter, and environmentally friendly models, enhancing their attractiveness to commercial users. Additionally, the growing emphasis on disaster preparedness and the need for backup power in critical infrastructure which in turn will energize the business dynamics.
 

Asia Pacific gasoline gensets market will surpass USD 7 billion by 2032. The proliferation of multi-family residential and commercial facilities will lead to an increased demand for consistent power supply, fostering the business landscape. Ongoing electrification programs along with rising infrastructure investments and robust expansion in the telecom sector will further create a favorable industry scenario. In addition, the booming construction industry and numerous infrastructure projects further contribute to market expansion.
 

A positive outlook for the construction sector and rising infrastructure investments will drive the U.S. gasoline gensets market. Environmental and emission regulations along with the increasing intensity and frequency of weather-related outages will enhance the industry landscape. Additionally, the shift towards cleaner power sources and the growing demand for continuous and reliable power supply will further strengthen the business outlook.
 

Gasoline Gensets Market Share

Honda Motor Co. is one of the prominent players in the gasoline gensets industry renowned for its innovation, reliability, and high-quality products. The generators are widely recognized for their superior performance, fuel efficiency, and durability, making them a preferred choice for both residential and commercial applications. Its commitment to cutting-edge technology and environmental sustainability has led to the development of advanced gensets that comply with stringent emission standards while delivering consistent and reliable power. The company continues to set benchmarks in the industry, catering to diverse power needs with a range of gasoline generators.
 

Gasoline Gensets Market Companies

The key industry players include:

• Atlas Copco AB
• Briggs & Stratton
• Champion Power Equipment
• Deere & Company
• DuroMax Power Equipment
• FIRMAN Power Equipment
• GENMAC
• Gillette Generators
• Himalayan Power Machine
• Honda Motor Co.
• Hyundai Power Products
• JET POWER
• Kirloskar
• Pulsar Products, Inc.
• RYOBI Limited
• WEN Products
• WINCO
• Yamaha Motor Co.
   

Gasoline Gensets Industry News

• In April 2024, Champion Power Equipment has introduced the 7001i-EU 7500 Watt Inverter Generator, which delivers cleaner sine waves suitable for sensitive electronics and appliances. This makes it an ideal choice for essential backup needs as well as demanding applications such as catering, where precision and reliability are crucial. The generator is equipped with CO Shield technology, which actively monitors carbon monoxide (CO) levels, ensuring user safety and peace of mind.
   
• In August 2022, Cummins Inc. collaborated with Grupel, a seasoned manufacturer in the power market with over 45 years of experience in generators. This partnership facilitated strategic growth for both companies and enabled the introduction of a new line of generator products with lower power ratings. The alliance significantly boosted revenues and accelerated market expansion for both Cummins Inc. and Grupel.
   

This gasoline gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of “000 Units” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Power Rating

• 2 kW
• 2 kW - 5 kW
• 6 kW - 8 kW
• > 8 kW - 15 kW

Market, By Phase

• Single Phase
• Three Phase

Market, By End Use

• Residential
• Commercial
• Construction

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • Russia
  • UK
  • Germany
  • France
  • Spain
  • Austria
  • Italy
• Asia Pacific
  • Australia
  • Japan
  • China
  • India
  • Indonesia
  • Thailand
  • Philippines
  • Malaysia
  • Singapore
  • Vietnam
  • South Korea
• Middle East
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey
  • Iran
  • Oman
• Africa
  • Egypt
  • Nigeria
  • Algeria
  • South Africa
  • Mozambique
• Latin America
  • Mexico
  • Chile
  • Argentina
  • Brazil