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North America Gasoline Gensets Market Trends

Report ID: GMI3027
Published Date: Nov 2024
Report Format: PDF

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North America Gasoline Gensets Market Trends

The gasoline gensets industry is experiencing notable growth driven by an increase in power demand due to weather-related disruptions, aging electrical infrastructure and rising consumer reliance on backup power solutions. The growing popularity of compact, fuel-efficient gensets is particularly evident in the residential sector, where consumers are seeking reliable backup power owing to rising electricity costs and the frequency of power outages. Furthermore, the commercial sector primarily for applications including recreational vehicles is contributing significantly to the business outlook.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The North America gasoline gensets market was reached USD 4 billion in 2024 and is estimated to grow at a 4.2% CAGR from 2025 to 2034, driven by the rising demand for inverter generators.

The three-phase gasoline gensets market will exceed USD 2 billion by 2034 due to significant investments in the mining, oil & gas, and construction sectors, which require high-quality, reliable power supply.

The 6 kW - 8 kW rating gasoline gensets market size will witness a CAGR of more than 3.5% up to 2034, as these units are essential for supplying electricity to job sites without power access.

The U.S. gasoline gensets market is set to reach over USD 5 billion by 2034, propelled by stricter environmental regulations and government mandates for cleaner energy sources.