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Gasoline Gensets Market Trends

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

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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.

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.