Gasoline Gensets Market Size by Power Rating (< 2 kVA, 2 kVA - 3.5 kVA, 3.5 kVA - 5 kVA, 5 kVA - 6.5 kVA, 6.5 kVA - 8 kVA, 8 kVA - 15 kVA), By Phase (Single Phase, Three Phase), By End Use (Residential, Commercial, Construction), Regional Outlook, Industry Analysis Report, Application Development Potential, Price Trend, Competitive Market Size & Forecast, 2021 – 2027

Industry Trends

Gasoline Gensets Market size was valued at over USD 3 billion in 2020 and annual installation is anticipated to exceed 6,000 thousand units by 2027. A gasoline genset is gasoline fueled electrical unit serving the purpose of portable gensets. These units are commonly deployed for supplying emergency power to households, construction sites and outdoor recreational activities.
 

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Rising demand for consistent power supply driven by inadequate electric grid infrastructure is set to boost the industry statistics. For instance, few sub-Saharan nations, where blackouts span for the majority of the working hours will continue to entail robust deployment of these units. In most cases, it can be inexpensive to generate electricity via generators when compared with electricity drawn from the power grid.
 

Surging demand for power supply driven by growing end user participation in recreational activities will boost the 3.5 kVA - 5 kVA gasoline gensets industry growth

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The 3.5 kVA - 5 kVA gasoline gensets market share is projected to register over a 5% CAGR through 2027. The capability of these systems to effectively cater to the consumer electricity requirements, primarily across households will positively influence the market trends. The rising demand for these gensets, majorly triggered by inclement weather conditions will positively influence the business scenario. In addition, shifting consumer inclination towards low-power units suited for residential operations along with the unit’s operational suitability and economic viability will impart a driving force to the market trends.

Increasing per capita income along with improved living standards has escalated power demand, which in turn will fuel the demand for residential gasoline gensets

Residential application, in 2020 contributed to over 55% of the global market share. Increasing significance of backup power solutions along with increasing consumer emergency preparedness in response to intensifying and frequent power outages will promote the product deployment. The ability of these units to provide a quick and steady power supply while facilitating sustenance of job-site operations will fuel the gasoline gensets market share
 

Construction gasoline gensets market is anticipated to grow at over 5% through 2027. Robust development of residential and non-residential infrastructure driven by suitable investments scenario is set to encourage product deployment. Moreover, sudden outspread of COVID-19 has resulted in swift rise in construction activities of healthcare establishments and make-shift hospitals, which in turn will augment the demand for these gensets.
 

Growing consumer demand for electricity backup systems will augment the demand for three phase gasoline gensets

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Three phase gasoline gensets market size is anticipated to grow on account of their wider applicability across numerous industry applications. High flexibility, consistent power supply, and appreciable material efficiency are some of the key features supporting product adoption. Moreover, the ability of these gensets to operate while exhibiting simpler machinery with minimal external circuitry is set to boost the market forecasts. Unreliable grid infrastructure and increasing customer awareness towards power backup solutions along with strengthening construction activities will continue to demand the deployment of three-phase gasoline gensets.
 

Asia Pacific gasoline gensets market share is set to rise on account of robust development of commercial spaces

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Asia Pacific gasoline gensets market revenue is set to witness a substantial gain owing to ongoing proliferation of residential and commercial establishments. The region led by prominent economies comprising of China and India is evolving as the prime market for the adoption of gensets across a wide array of applications.
 

The incapability of the power grids to withstand an amplified demand load coupled with rising investments toward backup power solutions and growing consumer awareness will complement the North America gasoline gensets market outlook. In addition, recent occurrences of severe hurricane events, notably hurricane Laura and Zeta in 2020, has significantly contributed to increased product adoption. For Instance, in October 2020, Hurricane Zeta, which was the 11th storm hitting the U.S resulted in power outage for over 2.6 million people. Similar historic occurrences have substantially amplified the region’s reliance on generators as a preparedness measure for future extreme weather conditions.
 

Prominent manufacturers are forming strategic mergers and acquisitions with an aim to sustain their market presence

Technological innovations, emissions compliances, extended distribution network & service cost competitiveness along with product differentiation are some of the vital strategies opted by key industry participants to attain a competitive market share. Notable players operating across the global gasoline gensets market include Cummins, Westinghouse Electric Corporation, Stephill Generators, Caterpillar, Yamaha, Siemens, Lifan Power, Briggs & Stratton, Wacker Neuson, A-iPower, Kirloskar Oil Engines Limited, Kohler, Generac, Bison Machinery, Honda Motor, Atlas Copco and Honeywell International amongst others.
 

Global gasoline gensets market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2017 to 2027, for the following segments:

By Power Rating

• < 2 kVA
• 2 kVA - 3.5 kVA
• 3.5 kVA - 5 kVA
• 5 kVA - 6.5 kVA
• 6.5 kVA - 8 kVA
• 8 kVA - 15 kVA

By Phase

• Single Phase
• Three Phase

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
  • Angola
  • Kenya
  • Mozambique
• Latin America
  • Mexico
  • Chile
  • Argentina
  • Brazil