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From 2024–2031, the gasoline gensets market is expected to grow from an initial 2023 valuation of over $9.44 billion at a CAGR of more than 6.2%. A gasoline genset is machinery that uses an internal combustion engine to transform the chemical energy in the fuel into usable electrical energy. For the most part, it's useful as a portable power option around the house or as an outdoor power source for things like construction and playing sports.
The purpose of this research is to show vendors where there is potential in the market by breaking it down into different regions and sectors. Knowing the present state of the market and its projected trajectory for growth was crucial for making an opportunity assessment. In order to predict the market, consumption and production habits are being analyzed meticulously. Additional elements taken into account while making market projections include the expansion of neighboring markets, the revenue growth of major market suppliers, scenario-based analysis, and the expansion of market segments.
We estimated the market size using a top-down and bottom-up strategy, and we validated our estimates using interviews from industry professionals. Taking the market's characteristics into account, we calculated the Oil & Gas Refining & Marketing by aggregating segments, the segment's contribution to Energy Fuel, and vendor share. An analysis was conducted to ascertain the market's growth rate by identifying and evaluating the influence of several elements, including drivers, trends, constraints, and opportunities. We have studied the market's growth year-on-year to have a better grasp of the market's expansion. In order to ascertain trends of growth, we also compared past growth rates.
Rising consumer engagement in leisure activities is a key component that is anticipated to drive the expansion of the gasoline gensets market over the projected time. The demand for continuous electricity is expected to rise, which would further boost the gasoline gensets industry. The rising frequency and severity of weather-related disasters are also expected to dampen the expansion of the gasoline gensets industry. Meanwhile, it is anticipated that the gasoline gensets market would be hindered by the increase in product costs over the forecast period.
There will be no effect of COVID-19 on the gasoline gensets market. More and more people are interested in the idea of working from home and having a constant supply of electricity, which has led to growth in the business. The potential for growth in this business has been accelerated by the increasing need for emergency electricity backup systems in response to emerging crises and the rapid expansion of healthcare institutions.
Fuels such as gasoline, diesel, water, natural gas, propane, biodiesel, and hydrogen are common for generators. Diesel or gasoline are the most common fuels for smaller generators. Powerful generators can be powered by either natural gas or diesel. Because of their mobility and ease of operation, gasoline generators are popular and widely used. As a portable source of energy, gasoline gensets find widespread application in a variety of environments, including homes and outdoor spaces, where direct power sources aren't always accessible. On construction sites, gasoline gensets are also commonly utilized.
Gensets powered by gasoline are more affordable and require less maintenance. Power outages and other disruptions in service might occur as a result of the unpredictable nature of the weather. When there is a shortage of direct supply of power or energy, gasoline generators are used to bridge the demand and supply gap, thus reducing the impact of this situation. There will be a rise in the demand for gasoline gensets due to the improvement and expansion of infrastructure. Gasoline gensets are highly sought-after in the market due to their low maintenance cost and lower cost of purchase.
Particular market-influencing variables and domestic regulatory shifts that affect present and future market trends are detailed in the report's nation section. To predict the future of each country's market, analysts look at a variety of data points, including consumption rates, manufacturing locations and volumes, import-export data, pricing trend data, raw material costs, and value chain data from both the upstream and downstream stages. When analyzing the country's data for forecasts, we take into account a number of factors, including the availability and presence of global brands, the difficulties encountered by these brands as a result of strong or weak competition from local and domestic brands, the effect of domestic tariffs, and trade routes.
Report Coverage
Global Gasoline Genset research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gasoline Genset report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gasoline Genset competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gasoline Genset market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gasoline Genset market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gasoline Genset market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cummins Inc., The Westinghouse Electric Corporation, Stephill Generators, Caterpillar Inc., Yamaha Motor Co., Ltd., Siemens, Lifan Power USA, Briggs & Stratton Corporation, Wacker Neuson SE, A-iPower Corp., Toyota Kirloskar Motor., Kohler Co., Generac Holding Inc., Bison Machinery Ltd, Honda Motor Co., Ltd., Atlas Copco AB, Honeywell International Inc., John Deere and FIRMAN Power Equipment among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Gasoline Genset market based on the below-mentioned segments:
Global Gasoline Genset Market, By Power Rating
< 2 kW
2 kW - 5 kW
6 kW - 8 kW
> 8 kW - 15 kW
Global Gasoline Genset market, By Phase
Single Phase
Three Phase
Global Gasoline Genset Market, By End User
Residential
Commercial
Construction
Global Gasoline Genset market, Regional Analysis
The purpose of this research is to show vendors where there is potential in the market by breaking it down into different regions and sectors. Knowing the present state of the market and its projected trajectory for growth was crucial for making an opportunity assessment. In order to predict the market, consumption and production habits are being analyzed meticulously. Additional elements taken into account while making market projections include the expansion of neighboring markets, the revenue growth of major market suppliers, scenario-based analysis, and the expansion of market segments.
We estimated the market size using a top-down and bottom-up strategy, and we validated our estimates using interviews from industry professionals. Taking the market's characteristics into account, we calculated the Oil & Gas Refining & Marketing by aggregating segments, the segment's contribution to Energy Fuel, and vendor share. An analysis was conducted to ascertain the market's growth rate by identifying and evaluating the influence of several elements, including drivers, trends, constraints, and opportunities. We have studied the market's growth year-on-year to have a better grasp of the market's expansion. In order to ascertain trends of growth, we also compared past growth rates.
Rising consumer engagement in leisure activities is a key component that is anticipated to drive the expansion of the gasoline gensets market over the projected time. The demand for continuous electricity is expected to rise, which would further boost the gasoline gensets industry. The rising frequency and severity of weather-related disasters are also expected to dampen the expansion of the gasoline gensets industry. Meanwhile, it is anticipated that the gasoline gensets market would be hindered by the increase in product costs over the forecast period.
There will be no effect of COVID-19 on the gasoline gensets market. More and more people are interested in the idea of working from home and having a constant supply of electricity, which has led to growth in the business. The potential for growth in this business has been accelerated by the increasing need for emergency electricity backup systems in response to emerging crises and the rapid expansion of healthcare institutions.
Fuels such as gasoline, diesel, water, natural gas, propane, biodiesel, and hydrogen are common for generators. Diesel or gasoline are the most common fuels for smaller generators. Powerful generators can be powered by either natural gas or diesel. Because of their mobility and ease of operation, gasoline generators are popular and widely used. As a portable source of energy, gasoline gensets find widespread application in a variety of environments, including homes and outdoor spaces, where direct power sources aren't always accessible. On construction sites, gasoline gensets are also commonly utilized.
Gensets powered by gasoline are more affordable and require less maintenance. Power outages and other disruptions in service might occur as a result of the unpredictable nature of the weather. When there is a shortage of direct supply of power or energy, gasoline generators are used to bridge the demand and supply gap, thus reducing the impact of this situation. There will be a rise in the demand for gasoline gensets due to the improvement and expansion of infrastructure. Gasoline gensets are highly sought-after in the market due to their low maintenance cost and lower cost of purchase.
Particular market-influencing variables and domestic regulatory shifts that affect present and future market trends are detailed in the report's nation section. To predict the future of each country's market, analysts look at a variety of data points, including consumption rates, manufacturing locations and volumes, import-export data, pricing trend data, raw material costs, and value chain data from both the upstream and downstream stages. When analyzing the country's data for forecasts, we take into account a number of factors, including the availability and presence of global brands, the difficulties encountered by these brands as a result of strong or weak competition from local and domestic brands, the effect of domestic tariffs, and trade routes.
Report Coverage
Global Gasoline Genset research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gasoline Genset report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gasoline Genset competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gasoline Genset market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cummins Inc., The Westinghouse Electric Corporation, Stephill Generators, Caterpillar Inc., Yamaha Motor Co., Ltd., Siemens, Lifan Power USA, Briggs & Stratton Corporation, Wacker Neuson SE, A-iPower Corp., Toyota Kirloskar Motor., Kohler Co., Generac Holding Inc., Bison Machinery Ltd, Honda Motor Co., Ltd., Atlas Copco AB, Honeywell International Inc., John Deere and FIRMAN Power Equipment among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Gasoline Genset Market from 2021 to 2031.
- Market Forecast for Gasoline Genset Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Gasoline Genset competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Gasoline Genset
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gasoline Genset market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gasoline Genset market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cummins Inc., The Westinghouse Electric Corporation, Stephill Generators, Caterpillar Inc., Yamaha Motor Co., Ltd., Siemens, Lifan Power USA, Briggs & Stratton Corporation, Wacker Neuson SE, A-iPower Corp., Toyota Kirloskar Motor., Kohler Co., Generac Holding Inc., Bison Machinery Ltd, Honda Motor Co., Ltd., Atlas Copco AB, Honeywell International Inc., John Deere and FIRMAN Power Equipment among others.
Primary Target Market
- Market Players of Gasoline Genset
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Gasoline Genset market based on the below-mentioned segments:
Global Gasoline Genset Market, By Power Rating
< 2 kW
2 kW - 5 kW
6 kW - 8 kW
> 8 kW - 15 kW
Global Gasoline Genset market, By Phase
Single Phase
Three Phase
Global Gasoline Genset Market, By End User
Residential
Commercial
Construction
Global Gasoline Genset market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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