Gasoline Generator Market Globally Expected to Drive Growth through 2026
Global Gasoline Generator Market: Drivers & Restraints
Gasoline generators are widely used in households as a power backup, as they are portable, make relatively lesser noise, and are affordable than diesel generators. Strong demand from developing countries, where intermittent power supply is still a major challenge, will continue to create sustained demand for gasoline generators. However, gasoline generators will continue to face stiff competition from diesel generators, owing to their lower energy efficiency and higher maintenance costs.
On the plus side, gasoline generators are relatively affordable than diesel generators – an average 5500 Watt gasoline generator costs one-fourth of a diesel generator. Owing to the price advantage, gasoline generators are highly sought-after by sporadic users, whereas, for job sites and large industries, diesel generators are preferred.
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Global Gasoline Generator Market Segmentation
The global gasoline generator market is segmented on the basis of type, output, applications, and region.
Based on the type, the global gasoline generator market is segmented into:
Based on the output, the global gasoline generator market is segmented into:
On the basis of applications, the global gasoline generator market is segmented into:
Gasoline Generator Market: Regional Outlook
Based on the geographic regions, global gasoline generator market is segmented into seven key regions -- North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among the aforementioned regions, demand for gasoline generators is highest in APEJ. Many countries in APEJ are yet to provide round-the-clock power supply, prompting consumers to invest in power backups. As a result, demand for generators and inverters has grown at a steady rate, with gasoline generators accounting for a substantial share of the region’s uninterrupted power supply market. In addition to steady demand from the residential segment, adoption in small-scale industries is also expected to fuel growth of the APEJ gasoline generator market in the near future.
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North America is the second largest market for gasoline generators, followed by Europe and Middle East & Africa. Latin America currently accounts for the lowest revenue share of the global market; however, demand is expected to witness healthy growth during the forecast period.
Global Gasoline Generator Market: Key Players
Major players identified in the global gasoline generator market are Kohler Co., Mitsubishi Engine North America, Inc., American Honda Motor Co., Inc., Zhejiang Taizhou Wangye Power Co., Fuan Raygong Motor Co. Ltd., and Continental Generators.
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