According to a research report by Stratview Research, Gasoline Gensets Market is expected to grow from USD 3.78 billion in 2021 to USD 5.46 billion by 2028 at a CAGR of 5.32% during 2022-2028. Major factors such as growing demand for consistent power supply driven by inadequate electric grid infrastructure and increasing number of consumer participation in recreational activities are expected to fuel the market growth during the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Stratview Research has segmented the Gasoline Gensets Market by Power Rating Type (2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA), by Phase Type (Single Phase and Three Phase), by End-Use Type (Residential, Commercial, and Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the phase type, the market is segmented as single phase and three phase. Three phase is estimated to account for the major share of the market during the forecast period on account of increasing consumer demand for electricity backup system.
Based on the end-use type, the market is segmented as residential, commercial, and construction. The residential segment is estimated to be the largest segment of the market during the forecast period on account of rising per capita income coupled with improved standard living standards.
In terms of regions, Asia-Pacific is estimated to witness significant growth in the market on account of robust development in residential and commercial sectors with China and India being the major countries with lucrative growth opportunities during the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
The following are the key players in the Gasoline Gensets Market -
- Atlas Copco AB
- Briggs Stratton
- Caterpillar Inc.
- Cummins, Inc.
- Generac Power Systems, Inc.
- Honda Motor Co., Ltd.
- Kirloskar Oil Engines Limited
- Kohler Co.
- Siemens AG
- Yamaha Motor Co., Ltd.
To develop better customer understanding, the team at Stratview Research employ a range of quantitative and qualitative market research approaches. This report aims to help the users make use of the available data in a way, that profits the business and leads to growth.
Stratview Research is interested in learning what additional information, if included, would be beneficial to the users’ business. We also customise reports based on your preferred countries/regions, segmentations, companies, and so on. You can share any specific requirements related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
Get a free sample report here: https://www.stratviewresearch.com/Request-Sample/1573/gasoline-gensets-market%20.html#form
About Us:
Stratview Research is a global market research firm that delivers precise data and ground-breaking business study, helping organizations of all sizes make suitable decisions. We gather information for our clients, assisting them to address various challenges, and trends related to their market.
