Home > Energy & Power > Electrical Equipment > Generator Sets > North America Gasoline Gensets Market
North America Gasoline Gensets Market Size
- Report ID: GMI3027
- Published Date: May 2023
- Report Format: PDF
North America Gasoline Gensets Market Size
North America Gasoline Gensets Market size valued at USD 3.8 billion in 2023 and is anticipated to grow at over 4.1% CAGR from 2024 to 2032. The market for global gasoline gensets is likely to hit USD 14.1 billion by 2032. A gasoline genset is an equipment that utilizes an engine to convert the chemical energy obtained from fuel into electrical power. Its primary function is to provide a portable power solution for households, as well as serve as a power source in construction sites and outdoor recreational activities.
Growing popularity of inverter generators in line with increasing consumer inclination toward fuel efficiency and eco-friendliness will positively sway the industry growth. The product offers vital advantages including quiet operations and less emission which in turn will boost the product penetration. The region experiences severe weather events and natural disasters, which have a significant impact on the gensets demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Gasoline Gensets Market Size in 2023: | USD 3.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.1% |
| 2032 Value Projection: | USD 5.5 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 148 |
| Segments covered: | Power Rating, End Use, Phase |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
North America Gasoline Gensets Market Scope
