Strategic Growth and Demand Analysis of the Gasoline Gensets Market: 2023-2032 Forecast, Key Players, and Industry Insights || Cummins Inc., Caterpillar Inc., Yamaha Motor Co. Ltd., Siemens AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Gasoline Gensets Market Size, Growth Rate, And Forecast

The global gasoline gensets market size is expected to grow from $3.26 billion in 2022 to $3.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gasoline gensets market size is expected to reach $4.53 billion in 2027 at a CAGR of 6.6%.

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Gasoline Gensets Market Drivers

The growing demand for power supplies is expected to propel the growth of the gasoline gensets market going forward. The power supply is the amount of power that a battery or fuel source can supply to power a device. Gensets are utilized as backup power sources from construction sites to houses, generating electricity to power equipment such as domestic appliances and construction equipment. It helps to manage the power demand more economically. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the worldwide electricity demand will grow 3% per year from 2023-2025 as compared to the 2022 growth rate. Furthermore, according to Our World in Data, a scientific online publication for data, electricity demand in the United States was 4,090.5 TWh in 2020, which has now increased to 4,191.5 TWh in 2021. Therefore, the growing demand for power supply is driving the growth of the gasoline gensets market.

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Gasoline Gensets Market Segments

• By Type: Portable, Stationary

• By Phase: Single phase, Three phase

• By End user: Residential, Commercial, Construction

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the gasoline gensets market.

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Gasoline Gensets Market Key Players
Major competitors in the gasoline gensets market are Cummins Inc., Caterpillar Inc., Yamaha Motor Co. Ltd., Siemens AG, Briggs & Stratton Corporation, Wacker Neuson SE, Kohler Co., Generac Holding Inc., Honda Motor Co. Ltd., Atlas Copco AB.

The Business Research Company's "Global Gasoline Gensets Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Gasoline Gensets Market Include:
1. Executive Summary
2. Gasoline Gensets Market Characteristics
3. Gasoline Gensets Market Trends And Strategies
4. Gasoline Gensets Market - Macro Economic Scenario
5. Gasoline Gensets Market Size And Growth
………………
27. Gasoline Gensets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gasoline Gensets Market
29. Gasoline Gensets Market Future Outlook and Potential Analysis
30. Appendix

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