Report ID: SQMIG10E2023
Gasoline Gensets Market Size, Share, Growth Analysis, By Power rating(Less than 2KVA, 2-3.5 KVA, 3.5-5KVA, 5-6.5 KVA), By End-user(Residential, Commercial, and Construction), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG10E2023 |
Region:
Global |
Published Date: July, 2024
Pages:
178
|
Tables:
90 |
Figures:
71
Gasoline Gensets Market Insights
Global Gasoline Gensets Market size was valued at USD 100 billion in 2022 and is poised to grow from USD 112 billion in 2023 to USD 277.31 billion by 2031, growing at a CAGR of 12% during the forecast period (2024-2031).
The gasoline gensets market is showing promising signs of growth, driven by factors such as increasing demand for reliable backup power sources, especially in regions prone to power outages. These gensets have found applications across various industries, including commercial, residential, and industrial sectors, where uninterrupted power supply is critical.
Additionally, the growing construction and infrastructure development projects in emerging economies are contributing to the market's expansion, as they often require portable and dependable power sources.
Environmental concerns have led to increased attention on cleaner and more efficient genset technologies, although gasoline gensets continue to be a popular choice for their ease of use and widespread availability of fuel. As businesses and households alike prioritize power reliability, the gasoline gensets market is poised for continued growth in the coming years.
Gasoline Gensets Market Report Snapshots
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