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Gasoline Gensets Market Size
- Report ID: GMI3100
- Published Date: May 2023
- Report Format: PDF
Gasoline Gensets Market Size
Gasoline Gensets Market size surpassed USD 9.8 billion in 2023 and is projected to record over 4.2% CAGR from 2024 to 2032. A gasoline genset is defined as an engine driven equipment which converts chemical energy derived from the fuel supplying the engine into electrical power. It fundamentally serves the purpose of a portable power solution in households or as a source of power in construction sites and outdoor recreational activities.
Insufficient power supply, frequent power interruptions, changing consumer preferences, and ongoing infrastructure development will positively influence the gasoline gensets market growth. Increasing frequency & severity of weather-related power failures coupled with shifting focus toward backup power solutions to maintain day-to-day operations will foster the business outlook. Furthermore, surging consumer focus to adopt backup solutions across the commercial spaces will further boost the industry potential. The global market for commercial gensets is set to hit USD 21 billion by 2027.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Gasoline Gensets Market Size in 2023: | USD 9.8 billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.2% |
| 2032 Value Projection: | USD 14.1 billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 450 |
| Tables, Charts & Figures: | 995 |
| Segments covered: | Power Rating, Phase, End-Use |
| Growth Drivers: |
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Gasoline Gensets Market Scope
