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North America gasoline genset market valuation to surpass USD 1.5 billion by 2024 Top Key Players – Kirloskar, Briggs & Stratton, Kohler Power, Generac, Honda Motor, Caterpillar, Atlas Copco, Honeywell, Wacker Neuson, John Deere amongst others

03-13-2019 12:05 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

North America gasoline genset market valuation to surpass USD

Owing to increased commercial activity and rapidly developing residential communities, the North America gasoline genset market can be expected to witness significant gains as more consumers will look to counter extended power outages. Evidently, most of these power cuts happen due to natural and weather-induced disasters such as tornados, hurricane, cyclones and the ensuing floods.

Earthquake prone areas across the continent can often face infrastructure damage and impairment of transmission lines, becoming a consistent customer-base for the North America gasoline genset industry. Such external factors make it difficult to supply continuous power in remote of heavily affected disaster zones, propagating the importance of supplementary power generation.

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Diesel generators have been the conventional go-to solution for power backup at homes, for supporting the use of floodlights in stadiums, running operations at a farm and extensively at construction sites. Extremely lucrative commercial sectors like mining and oil exploration have also been ideal growth avenues for the North America gasoline genset market, where any unplanned interruption in electricity supply can cause losses up to thousands of dollars a day. U.S. and Canada have been at the forefront of technology development, which has supported their ambitious mining and drilling activities. Ceaseless energy supply to power equipment used in these sectors will further boost the North America gasoline genset industry expansion.

Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 North America Gasoline Gensets Industry Insights
Chapter 4 North America Gasoline Genset Market, By Power Rating
Chapter 5 North America Gasoline Genset Market, By Engine Class
Chapter 6 North America Gasoline Genset Market, By End Use
Chapter 7 North America Gasoline Genset Market, By Country
Chapter 8 Company Profiles

2 kVA -3.5 kVA gasoline genset market size is set to exceed an annual shipment of 800 thousand units by 2024. The ability of these gensets to adequately cater to consumer power requirements, predominantly across residential establishments will favor their incursion in the industry. Operational suitability, light weight, and compactness are some of the major features accelerating the deployment of these units.

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Canada gasoline genset market is set to witness robust growth on account of increased risk awareness and growing implementation of preparedness measures amongst consumers to combat natural calamities. Prolonged power supply interruptions predominantly on account of sleet storms, freezing rain, and high winds which destruct power lines and equipment will continue to boost product deployment in the country.

North America residential gasoline genset market is anticipated to expand over 4% by 2024. The consumer demand for these products may be attributed to responses to events including power outages caused by weather-related disasters, rolling blackouts, grid failures, etc. For instance, an extremely active Atlantic hurricane season during 2017, significantly created a surge in demand for these gensets as a result of landed hurricanes in Florida, Texas, and Puerto Rico.

Increasing reliance on electronics and electrical equipment to sustain the day to day operations across a multitude of end users will accelerate the North America gasoline genset market growth. Strengthening customer demand for increased reliability and zero downtime will continue to entail the sturdy and prevalent deployment of these gensets.

Browse key industry insights spread across 148 pages with 122 market data tables & 2 figures & charts from the report @ https://www.gminsights.com/industry-analysis/north-america-gasoline-genset-market

North America Class I engines gasoline genset market is set to grow over 5% by 2024. Growing consumer inclination toward purchasing smaller units driven by increased awareness toward emergency preparedness will fuel the product adoption. The regional industry has been dominated by smaller engines (handheld and class I engines) as there has been an apparent shift toward lesser powerful units.

Key participants of the North America gasoline genset market comprise Caterpillar, Cummins, Briggs & Stratton, Generac, Kohler Power, Honda Motor, Atlas Copco, Wacker Neuson, Honeywell, John Deere, and Kirloskar amongst others.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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