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Single Phase Gasoline Gensets Market Trends

Report ID: GMI9354
Published Date: May 2024
Report Format: PDF

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Single Phase Gasoline Gensets Market Trends

The escalating frequency and severity of weather-related power outages coupled with a growing emphasis on backup power solutions to sustain daily operations will enhance the generator sets market. Moreover, the rising consumer inclination toward adopting reliable power generating systems will additionally augment the industry potential. Continual technological advancements aimed at reducing noise, enhancing engine performance, and improving efficiency will foster the product penetration.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of single phase gasoline gensets was worth over USD 5.4 billion in 2023 and will grow at a 4.1% CAGR between 2024 and 2032,

Single phase gasoline gensets market from the commercial segment will record 3.5% CAGR from 2024 to 2032, due to escalating demand for uninterrupted power supply in various commercial settings, such as offices, retail establishments, and healthcare facilities.

North America single phase gasoline gensets industry will register USD 3.5 billion by 2032, owing to the region's robust infrastructure coupled with increasing demand for reliable power backup solutions in residential and commercial sectors.

Some of the leading single phase gasoline gensets industry players include Atlas Copco AB, Briggs & Stratton, Caterpillar, Cummins, Champion Power Equipment, Deere & Company, FIRMAN Power Equipment, Generac Power Systems, Honda Motor Co., Honeywell International, JET POWER, Kirloskar, Kohler Co., WEN Products, Westinghouse Electric Corporation, and Yamaha Motor Co., among others.