USD 1.20 billion
North America Gasoline Genset Market Size, Share, Growth Analysis, By Power Rating(<2 kVA, 2 kVA - 3.5 kVA, 3.5 kVA - 5 kVA, 5 kVA - 6.5 kVA), By Engine Class(Handheld Engine, Class I Engines, Class II Engines), By End-Use(Residential, Commercial, Construction), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR20I2270 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|Tables:
94
|Figures:
71
North America Gasoline Genset Market Insights
North America Gasoline Genset Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.25 billion in 2023 to USD 1.74 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
The surging popularity of inverter generators aligns seamlessly with the growing consumer preference for fuel efficiency and eco-friendliness, contributing positively to the overall industry growth. These generators present crucial advantages such as quiet operations and reduced emissions, aligning with the contemporary emphasis on environmentally conscious practices.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Residential
Growth Rate
4.2% CAGR
North America Gasoline Genset Market ($ Bn)
North America Gasoline Genset Market By End User ($ Bn)
To get more reports on the above market click here to Buy The Report
North America Gasoline Genset Market Segmental Analysis
The North America gasoline genset Market is segmented into three major segments i.e. by Power Rating, Engine Class, End-use. Based on power rating the market is segmented as, <2 kVA, 2 kVA - 3.5 kVA, 3.5 kVA - 5 kVA, 5 kVA - 6.5 kVA, 6.5 kVA - 8 kVA, 8 kVA - 15 kVA, 15 kVA - 20 kVA. Based on engine class the market is segmented as, handheld engine, class I engines, class II engines. Based on end-use the market is segmented as, residential, commercial, construction.
Analysis by Power Rating
The 2 kW - 5 kW rated gasoline gensets market is poised to exhibit a growth rate of approximately 4.5% by 2032, based on power rating. This segment proves to be particularly feasible for usage in air-cooled backup generators, leveraging the abundant availability of gasoline. Known for their quiet operation and user-friendly nature, these units feature an easily navigable control panel, reducing the reliance on expert guidance for understanding operations.
In 2022, the 6 kW - 8 kW rated segment accounted for a substantial 25% share of the gasoline gensets market. This prominence is attributed to the escalating consumer concern for reliable and uninterrupted power supply, coupled with the flourishing construction sector. The products within this segment offer a myriad of key benefits, including their lightweight design, compact size, quiet operations, and high fuel-efficiency, collectively contributing to the positive trajectory of business growth.
Analysis by End-use
The residential-based gasoline gensets market is poised for exponential growth, projecting a surge through 2027. This upward trajectory is fueled by a dual momentum of rising product installations and an escalating trend in electricity bills, prompting homeowners to seek reliable backup power solutions.
The commercial application segment emerged as the dominant force, capturing a share exceeding 60.0% in the gasoline engine gensets market. The burgeoning global commercial construction sector stands out as a key driver, expected to propel the demand for these gensets significantly throughout the forecast period.
North America Gasoline Genset Market By End User
To get detailed analysis on other segments, Request For Free Sample Report
North America Gasoline Genset Market Regional Insights
The United States assumes a pivotal role in the gasoline genset market, exerting significant influence and making substantial contributions to the global landscape. Several factors underscore the country's prominence in this market. Firstly, the U.S. boasts a robust industrial and commercial sector that places a premium on a consistent and dependable power supply.
North America Gasoline Genset Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
North America Gasoline Genset Market Dynamics
Drivers
Easy fuel availability and improved cost efficiency
- The North America commercial gasoline gensets market within the commercial end-use segment is experiencing substantial growth, primarily propelled by the rising deployment of backup power units for open-air leisure activities. The increasing participation of end-users in adventure travel and various recreational pursuits is set to fuel a heightened demand for recreational vehicles (RVs), consequently creating a recurring demand for gasoline gensets.
Restraints
Limited Fuel Efficiency to Hamper the Market
- The gasoline gensets market grapples with a constraint related to limited fuel efficiency when juxtaposed with alternative power sources such as diesel or natural gas. This limitation becomes particularly pronounced in scenarios where a sustained, continuous power supply is imperative.
Request Free Customization of this report to help us to meet your business objectives.
North America Gasoline Genset Market Competitive Landscape
The competitive environment of the North America Gasoline Genset Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Malignant Mesothelioma Market.
Top Player’s Company Profiles
- Kohler
- Honda
- Caterpillar
- Honeywell International
- Wacker Neuson
- Deere & Company
- Champion
- DuroMax
- FIRMAN
- Westinghouse Electric Corporation
- A-iPower
- Lifan Power
Recent Developments
- In August 2023, Cummins Inc. forged a partnership with Grupel, a seasoned manufacturer with over 45 years of experience in the power market. This collaboration facilitated the strategic growth of both companies, leading to the introduction of a new range of generator products featuring small power ratings.
- In June 2023, Kirloskar made a significant stride by launching the new i-green series generators, known as the 2.0 series. These generators boast R550 series engines, renowned for their fuel efficiency and high-power quality.
North America Gasoline Genset Key Market Trends
- The gasoline gensets market is currently experiencing a notable upswing in research and development (R&D) investments, coupled with the integration of high-end technologies. This trend underscores a collective commitment within the industry to drive innovation and augment the capabilities of gasoline gensets.
North America Gasoline Genset Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
North America gasoline genset market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. A pivotal factor propelling the growth in this industry is the escalating consumer preference for uninterrupted power supply, notably driven by the surge in remote work practices prevalent across the region. With the increasing reliance on digital connectivity for work and other essential activities, the need for a reliable power source has become paramount. Furthermore, the heightened demand for emergency electricity backup is a direct response to ongoing crises, emphasizing the critical role generators play in maintaining essential services during unforeseen disruptions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.20 billion |
| Market size value in 2031 | USD 1.74 billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on North America Gasoline Genset Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on North America Gasoline Genset Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the North America Gasoline Genset Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Gasoline Genset Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Gasoline Genset Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America Gasoline Genset Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
