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Gasoline Gensets Market Size

Report ID: GMI3100
Published Date: Jul 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Gasoline Gensets Market Size in 2023:	USD 9.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.2%
2032 Value Projection:	USD 14.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	140
Tables, Charts & Figures:	42
Segments covered:	Power Rating, Phase, End Use & Region
Growth Drivers:	Increasing consumer participation toward recreational activities Rapid urbanization and increasing consumer propensity Increasing frequency of weather-related disasters
Pitfalls & Challenges:	Increasing product cost Shifting trends toward renewable power generation

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gasoline gensets was reached USD 9.8 billion in 2023 and is estimated to grow at 4.2% CAGR through 2032, owing to rapid urbanization and increasing consumer propensity.

The commercial segment in the gasoline gensets market will witness over 4% CAGR through 2032, due to the growing emphasis on disaster preparedness and the need for backup power in critical infrastructure.

Asia Pacific gasoline gensets market will surpass USD 7 billion by 2032, led by ongoing electrification programs along with rising infrastructure investments.

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, and JET POWER among others.