Gasoline Gensets Market will surge at 5.2%+ CAGR from 2019 to 2025

The size of Gasoline Gensets Market was registered at USD 3 billion in the year 2018 and is anticipated to cross USD 4 billion by 2025. Between the period 2018 -2024, the Gasoline Gensets Market is expected to register a CAGR of 5.2%.

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.

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Pages: 359
Tables: 632
Charts / Figures: 30
Companies covered: 16
Countries covered: 33

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.

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.

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.

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.
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.

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.

Partial Table of Contents (ToC) of the report:
Chapter 4 Global Gasoline Gensets Market, By Power Rating
4.1 Global gasoline gensets market share by power rating, 2018 & 2025
4.2

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