About Gasoline Generator
There is a robust usage of gasoline generators in commercial and residential end-use sectors for standby backup power in times of power shortage and grid failure. The compact nature of gasoline generators has assisted the acceptance in the residential sector. Residential end users are dependent on continuous electricity. Importance of infrastructure security over protecting equipment and machinery from a sudden power outage, which leads to long-term damages is growing, thereby potentially raising the demand for gasoline generator.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Gasoline Generator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kohler Co. (United States), Honda (Japan), Generac Power Systems Inc. (United States), Yamaha Motor Corporation (Japan), Caterpillar Inc. (FG Wilson) (United States), Hyundai (South Korea), Stephill Generators Ltd. (United Kingdom), Champion Power Equipment (United States) and Stanley Black & Decker Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gasoline Generator market by Type (Portable Generator and Stationary Generator), Application (Standby Backup Power and Continuous Power) and Region.
On the basis of geography, the market of Gasoline Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Agricultural will boost the Gasoline Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Less than 1.0 KW will boost the Gasoline Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Heavy Dependence on Electronic Appliances is Rising the Adoption for Gasoline Generators
Market Growth Drivers:
Increasing Demand for Uninterrupted and Reliable Power Supply and Growing Construction Activities has Subjected to the Increase in the Demand for Gasoline Generators Globally
Challenges:
Stringent Government Regulations for Gasoline Engines and High Operation and Maintenance Costs
Restraints:
Adoption of Energy Storage Technologies and Limited Power Generation Capacity
Opportunities:
Increased Use of Bi-Fuel and Inverter Generators, Growth of the Construction Sector in Brics Nations and Developing Countries and The Growth in the Manufacturing of Compact Generators and Sell through New Channel, Predominantly E-Commerce Boost to the Gasoline Generator Market
Market Leaders and their expansionary development strategies
In October 2020, Briggs & Stratton acquisition by Generac Holdings Inc. Generac Holdings Inc., a leading manufacturer of generators, acquired Briggs & Stratton, another major player in the market. This consolidation strengthened Generac's market position.
In September 2021, Honda partnered with LG Chem to develop and manufacture next-generation lithium-ion batteries for portable generators. This collaboration aimed to address the growing demand for cleaner and more efficient power solutions.
Key Target Audience
Gasoline Generator Manufacturers, Raw Materials Suppliers/Distributors, Component Suppliers/Distributors, Government Regulatory Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.