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What are the Growth Drivers of Gasoline Gensets Market? Generac, Briggs & Stratton, Caterpillar, Cummins, Kirloskar, Honda, Atlas Copco, Kohler, Wacker Neuson, John Deere, Yamaha Motor, Firman Power Equipment

03-26-2020 12:44 PM CET | Energy & Environment

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What are the Growth Drivers of Gasoline Gensets Market? Generac,

MarketStudyReport.com Adds New Gasoline Gensets Market 2019 - 2025 research report providing information and data By Power Rating, By End-Use, By Phase, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 359 Pages with table and figures in it.

Nigeria gasoline gensets market anticipated to surpass USD 40 million by 2025. The insufficiency of utility grids to provide for the expanding population has strongly gripped the nation, thereby necessitating an extensive adoption of these units. Additionally, inadequate transmission & distribution networks, high electricity prices and burgeoning population are driving a strong product demand in the country.

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U.S. gasoline gensets market, in 2018 exceeded an annual shipments of 1.5 million units. Growing intensity and frequency of natural disasters causing prolonged power outages will strengthen the product adoption across the country. Extensive electrical failures in past few years as a result of severe storms including Tropical Storm Irene and Hurricane Sandy has resulted in a dramatic upsurge in the product demand. Moreover, deteriorating grid resiliency along with aging grid infrastructure will further favor the business growth.

Growing inclination of consumers toward compact power sources will boost the 3.5kVA-5kVA gasoline gensets market expansion. Strengthening preference for units with easier portability and smaller surface footprint will sustain the dominance of lower power range gensets across the industry. Operational suitability, compactness and low weight are the major factors accelerating the adoption of these gensets.

Global Gasoline Gensets Market is anticipated to surpass USD 4 billion by 2025. Increasing demand for backup power and growing significance of emergency preparedness to combat frequent and intensifying electrical outages will drive the global gasoline gensets market. These gensets primarily serve the purpose of intermittent or portable backup power solutions. Easier fuel availability, affordable power, high portability and simpler operation are some of the key characteristics that will accelerate the product penetration in the forecast timeframe.

Construction gasoline gensets market is anticipated to witness growth of over 5% by 2025. The industry is set to expand on account of extensive investments toward infrastructure development, primarily across the emerging countries. For instance, ongoing development in construction of residential & non-residential buildings is driving the Southeast Asia industry growth.

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Residential sector, in 2018 accounted for over 50% of the gasoline gensets market share. These gensets are employed across residential establishments during temporary grid disruption or failure of primary power supply. Growing severity of weather caused outages coupled with rising consumer awareness toward emergency backup power systems will stimulate the product deployment across the sector.

Key industry players operational in the gasoline gensets market comprise Generac, Briggs & Stratton, Caterpillar, Cummins, Kirloskar, Honda, Atlas Copco, Kohler, Wacker Neuson, John Deere, Yamaha Motor, Firman Power Equipment amongst others.

The three-phase gensets market is set to expand over 5% by 2025. These units are predominantly deployed across commercial establishments and industrial applications. High flexibility, significant material efficiency and invariable power supply are some of the distinctive features favoring the product deployment.

Table of content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Global Gasoline Gensets Industry Insights
Chapter 4 Global Gasoline Gensets Market, By Power Rating
Chapter 5 Global Gasoline Gensets Market, By End Use
Chapter 6 Global Gasoline Gensets Market, By Phase
Chapter 7 Global Gasoline Gensets Market, By Region
Chapter 8 Company Profiles

Related Report:

Global Diesel Gensets Market Insights, Forecast to 2025

The Diesel Gensets market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Diesel Gensets.

https://www.marketstudyreport.com/reports/global-diesel-gensets-market-insights-forecast-to-2025/?utm_source=RR-AN

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