Home Industry Reports Custom Research Blogs About Us Contact us

Single Phase Gasoline Gensets Market Size & Share, By Power Rating (< 2 kW, 2 kW - 5 kW, 6 kW - 8 kW, > 8 kW - 15 kW), End Use (Residential, Commercial, Construction), Regional Outlook, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 8425

|

Published Date: Sep-2024

|

Format : PDF, Excel

Market Outlook:

Single Phase Gasoline Gensets Market crossed USD 5.4 Billion in 2023 and is predicted to reach USD 7.82 Billion by end of the year 2032, witnessing more than 4.2% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 5.4 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

4.2%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 7.82 Billion

19-23 x.x %
24-32 x.x %
Single Phase Gasoline Gensets Market

Historical Data Period

2019-2023

Single Phase Gasoline Gensets Market

Largest Region

North America

Single Phase Gasoline Gensets Market

Forecast Period

2024-2032

Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunity:

One significant growth driver for the single phase gasoline gensets market is the increasing demand for reliable backup power solutions. In both residential and commercial sectors, the need for uninterrupted power supply has become critical, especially during natural disasters or power outages. This demand is propelling the sales of gasoline-powered generators, which are favored for their portability and ease of use. Furthermore, the expansion of remote work and home-based businesses has amplified the necessity for efficient power generation, driving further interest in gasoline gensets as a practical solution to achieve energy independence.

Another key growth driver is the advancements in technology that enhance the efficiency and performance of gasoline gensets. Technological innovations have led to the development of more fuel-efficient engines, reduced emissions, and quieter operation, making these generators more appealing to environmentally conscious consumers. The incorporation of smart features, such as remote monitoring and automated starting systems, is also attracting a broader customer base. These enhancements not only improve user convenience but also ensure that gasoline gensets meet evolving regulatory standards, thereby expanding their market reach.

The growing trend of outdoor recreational activities represents another growth opportunity for the single phase gasoline gensets market. As more people engage in camping, tailgating, and other outdoor pursuits, the demand for portable power solutions has surged. Gasoline gensets are often seen as ideal companions for these activities because they provide immediate power for lighting, cooking, and various electronic devices. This trend has resulted in manufacturers focusing on creating compact and lightweight models, catering specifically to the needs of outdoor enthusiasts, which in turn bolsters market growth.

Report Scope

Report CoverageDetails
Segments CoveredPower Rating, End Use
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAtlas Copco AB, Briggs & Stratton, Caterpillar, Cummins, Champion Power Equipment, Deere & Company, DuroMax Power Equipment, FIRMAN Power Equipment, Generac Power Systems, Honda Motor Co., Honeywell International, JET POWER, Kirloskar, Kohler Co., Wacker Neuson SE, WEN Products, Westinghouse Electric, Yamaha Motor Co.

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

Industry Restraints:

One major restraint in the single phase gasoline gensets market is the volatility of gasoline prices. Fluctuating fuel costs can significantly impact the overall operating expenses for users, making gasoline gensets less attractive compared to alternatives like diesel or renewable energy sources. As gasoline prices rise, consumers may hesitate to invest in new generators or may opt for fuels that offer greater price stability. This uncertainty surrounding fuel costs can hinder market growth and adoption rates, as potential buyers weigh the long-term financial implications of using gasoline-powered generators.

Another restraint affecting the market is the increasing emphasis on environmental regulations and sustainability concerns. As governments worldwide enact stricter emissions standards and promote greener energy solutions, traditional gasoline gensets encounter growing scrutiny. Consumers are becoming more aware of the environmental impact of their energy choices, which has led to a shift towards cleaner alternatives such as electric generators or solar power systems. This changing landscape may limit the growth potential for single phase gasoline gensets, as they face competition from more sustainable energy options that align better with evolving consumer preferences and regulatory frameworks.

Regional Forecast:

Single Phase Gasoline Gensets Market

Largest Region

North America

45% Market Share by 2032

Get more details on this report -

North America

The Single Phase Gasoline Gensets Market in North America is primarily driven by the growing demand for backup power solutions amid frequent power outages and increasing energy requirements in residential and commercial sectors. The U.S. holds a significant market share due to its advanced infrastructure and higher adoption rates of portable generators. Canada is also witnessing a rise in market demand, supported by an increase in outdoor recreational activities and the need for reliable power sources in remote areas. The presence of key manufacturers and a well-established distribution network further bolster market growth in the region.

Asia Pacific

In the Asia Pacific region, the market for Single Phase Gasoline Gensets is experiencing rapid growth, particularly in emerging economies like China, Japan, and South Korea. Increased industrialization, urbanization, and improving living standards are contributing to the surging demand for electric power. China is leading the market with significant investments in infrastructure development and a growing industrial base, while Japan and South Korea also show strong demand driven by the need for consistent power supply in both residential and commercial sectors. The region's focus on renewable energy sources is contributing to innovations and the development of more efficient gensets, enhancing market prospects.

Europe

The Single Phase Gasoline Gensets Market in Europe is characterized by a growing emphasis on energy security and sustainability. The United Kingdom, Germany, and France are key contributors to the market, with increasing awareness regarding the importance of backup power solutions. Governments in these countries are implementing policies promoting cleaner energy solutions, which encourages the adoption of gasoline gensets that meet emission standards. Additionally, the rising trend of outdoor activities and events further fosters market growth. The presence of advanced technology and well-established manufacturers support the accessibility of high-quality gensets across Western Europe, ensuring robust market dynamics in the region.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Single Phase Gasoline Gensets Market
Single Phase Gasoline Gensets Market

Segmentation Analysis:

""

In terms of segmentation, global Single Phase Gasoline Gensets market is analyzed on the basis of Power Rating, End Use.

Single Phase Gasoline Gensets Market Segmentation Analysis

Power Rating < 2 kW

The segment of single phase gasoline gensets with a power rating of less than 2 kW caters primarily to small-scale applications, primarily in residential settings. These gensets are ideal for powering essential appliances, such as lights, fans, and small kitchen equipment during outages. The increasing demand for reliable backup power in urban and rural households, coupled with the growth of smart home devices, drives market growth within this segment. Additionally, the portability of gensets in this power range enhances their appeal for users requiring mobile power solutions.

Power Rating 2 kW - 5 kW

Gensets within the 2 kW to 5 kW range address a wider variety of applications in both residential and commercial sectors. These units offer the capability to power multiple appliances, making them suitable for small businesses, food stalls, and contractor tools on work sites. The growing trend towards energy independence, along with the need for reliable power sources amid frequent power outages, is propelling the demand for this segment. Additionally, advancements in technology are leading to increased fuel efficiency and reduced noise levels in this power range, further enhancing their attractiveness to consumers.

Power Rating 6 kW - 8 kW

This segment serves a critical role in providing robust power solutions for medium-sized applications, including larger residential setups and commercial establishments. Gensets in the 6 kW to 8 kW range are well-suited for powering multiple heavy-duty appliances or tools simultaneously, making them popular among small to medium businesses and construction sites. The rising emphasis on operational efficiency and the need for consistent power supply in commercial activities drive the demand for these gensets. Furthermore, as industries increasingly prioritize sustainability and reduced emissions, manufacturers are focusing on developing eco-friendly gasoline gensets in this segment.

Power Rating > 8 kW - 15 kW

The high-powered segment of single phase gasoline gensets exceeding 8 kW caters to large residential properties and substantial commercial operations, including manufacturing activities. These gensets are preferred for their ability to handle significant loads, offering versatility across various applications such as backup power for entire homes or providing energy solutions for sizable construction projects. The growing infrastructural developments and industrial expansion in emerging economies are propelling this segment's growth. A shift towards integrating advanced technologies such as smart controls and remote monitoring is also enhancing their market appeal and operational efficacy.

End Use Residential

The residential segment remains a vital component of the single phase gasoline gensets market, driven by consumers' increasing reliance on backup power sources in the face of unpredictable power supply. The growth of home entertainment systems and electronic devices has intensified the demand for reliable power to ensure uninterrupted service. As homeowners seek more energy-efficient solutions, manufacturers are introducing compact and quieter models that align with the residential market's evolving preferences. Additionally, the rising trend of home offices has further boosted the demand for reliable gensets to power essential office equipment.

End Use Commercial

In the commercial sector, single phase gasoline gensets are increasingly recognized as essential equipment for maintaining business continuity amid power disruptions. Businesses across various industries, including retail, hospitality, and healthcare, rely on these gensets to ensure uninterrupted operations. The rise in small businesses and startups has created a sizeable market for portable power solutions. The ongoing focus on operational resilience and the need to comply with business continuity regulations enhance the demand for gensets in this end-use segment. Additionally, advancements in technology are increasing the reliability and efficiency of these gensets, benefiting commercial applications.

End Use Construction

The construction segment is a significant driver of the single phase gasoline gensets market, with these gensets being vital for powering tools and equipment at job sites without access to grid electricity. The rapid growth in the construction sector, spurred by urbanization and infrastructural investment, is propelling demand for portable, high-output gensets that can withstand the rigors of construction environments. Furthermore, as projects become more complex, the need for reliable temporary power solutions continues to rise. The integration of safety features and the push for environmentally friendly options in gasoline gensets are increasingly important considerations for construction companies looking to maintain compliance and enhance operational efficiency.

Get more details on this report -

Competitive Landscape:

The competitive landscape in the Single Phase Gasoline Gensets Market is characterized by a mix of established players and emerging companies striving to capture market share through product innovation, technological advancements, and strategic partnerships. Key market drivers include the increasing demand for portable power solutions in residential and commercial sectors, leading manufacturers to enhance their product offerings with features like fuel efficiency, lower emissions, and noise reduction. Companies are focusing on expanding their distribution networks globally and investing in marketing efforts to strengthen their brand presence. Additionally, as the market is witnessing a rise in outdoor recreational activities, manufacturers are tapping into new consumer segments to drive growth. The competitive dynamics are further shaped by the need for compliance with environmental regulations, compelling companies to develop greener genset solutions.

Top Market Players

1. Honda Motor Co., Ltd.

2. Generac Holdings Inc.

3. Briggs & Stratton Corporation

4. Hyundai Power Equipment

5. Champion Power Equipment

6. WEN Products

7. Westinghouse Electric Corporation

8. Craftsman

9. Powerhorse

10. Pulsar Products

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Single Phase Gasoline Gensets Market Size & Share,...

RD Code : 24