What Does The Historical And Projected Market Sizes Reveal About The Gasoline Gensets Market?
The gasoline gensets market size has shown significant progress over the past years. From $3.71 billion in 2024, the market grew to $3.95 billion in 2025, marking a compound annual growth rate (CAGR) of 6.4%. The strength in the historic period owed much to power outages, grid reliability, industrial and residential growth, government regulations, fuel availability, and pricing trends.
Moving forward, the gasoline gensets market size is primed for robust growth. Expected to reach $5.07 billion by 2029, the market sets to cruise at a CAGR of 6.5%. Rising energy demand, a shift to renewable sources, urbanization, regulatory landscape adjustments, and impacts of climate change and natural disasters are all seen lifting the market further. Dynamic trends such as advancements in engine technology, sustainable practices, wider residential usage, fuel efficiency innovations, and digital solutions integration are broadening the market’s horizon.
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What Factors Drive The Growth Of The Gasoline Gensets Market?
The gasoline gensets market has been energized by the growing demand for power supplies. Gensets, which serve as vital backup power sources for everything from residential properties to massive construction sites, help make power management more economical. As per the International Energy Agency, the global electricity demand is set to grow by 3% annually over 2023-2025, a pace faster than the 2022 growth rate. This mounting need for power delivery ensures a promising future for the gasoline gensets market.
Which Segments Are Dominating The Gasoline Gensets Market?
1) By Type: Portable, Stationary
2) By Power Rating: <2KVA, 2KVA – 3.5 KVA, 3.5KVA – 5KVA, 5KVA – 6.5KVA, 6.5KVA – 8KVA, 8KVA – 15KVA
3) By Phase: Single Phase, Three Phase
4) By End User: Residential, Commercial, Construction
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What Major Players Contribute To The Gasoline Gensets Market?
Major contributors within the gasoline gensets market include industry giants such as Cummins Inc., Caterpillar Inc., Yamaha Motor Co. Ltd., Briggs & Stratton Corporation, Wacker Neuson SE, Kohler Co., Generac Holding Inc., Honda Motor Co. Ltd., Honeywell International Inc., Firman Power Equipment, Stephill Generators, Lifan Power USA, A-iPower Corp., Bison Machinery Ltd, The Westinghouse Electric Corporation, AKSA Power Generation, Cooper Corporation, Mitsubishi Heavy Industries Ltd., Denyo Co. Ltd., Kirloskar Oil Engines Limited, Mahindra Powerol Ltd., Champion Power Equipment Inc., WEN Products, Duromax Power Equipment, Pulsar Products Inc., All Power America LLC, Subaru Industrial Power Products, Winco Inc., Doosan Portable Power, Multiquip Inc.
What Trends Are Emerging In The Gasoline Gensets Market?
Product innovations take center stage in the gasoline gensets market. In July 2022, Cummins Inc., launched the C1250D6E and C1500D6E gen-sets, a part of their new Centum Series. Housing high-efficiency engines in a smaller footprint, these generators are designed to match specific power needs. With a 12-cylinder vee-configuration diesel engine and power ratings of 1250 and 1500 kW in standby mode, and 1136 kW and 1364 kW in prime/data center continuous mode, these generators hold exciting promise for the market.
Which Region Is Dominating The Gasoline Gensets Market?
Asia-Pacific stands as the largest regional market for gasoline gensets in 2024 and is expected to sustain its fast-paced growth throughout the forecast period. The market is also flourishing in regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Gasoline Gensets Market Report 2025 Offer?
A gasoline genset, a portable electricity generator that uses gasoline as its fuel source, offers an efficient solution to frequent power outages in residential and commercial areas by converting chemical energy into mechanical energy. The Gasoline Gensets Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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