Product Code: r7092
“Gasoline Gensets Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on gasoline gensets market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for gasoline gensets? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The gasoline gensets market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 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
- Companies Mentioned: Cummins Inc.; Caterpillar Inc.; Yamaha Motor Co. Ltd.; Siemens AG; Briggs & Stratton Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the gasoline gensets market are: Cummins Inc., Caterpillar Inc., Yamaha Motor Co. Ltd., Siemens AG, Briggs & Stratton Corporation, Wacker Neuson SE, Kohler Co., Generac Holding Inc., Honda Motor Co. Ltd., Atlas Copco AB, Honeywell International Inc., Firman Power Equipment, Stephill Generators, Lifan Power USA, A-iPower Corp., Toyota Kirloskar Motor., Bison Machinery Ltd, and The Westinghouse Electric Corporation.
The global gasoline gensets market is expected to grow from $3.26 billion in 2022 to $3.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gasoline gensets market is expected to reach $4.53 billion in 2027 at a CAGR of 6.6%.
The gasoline genset market consists of sales of engine, alternator, voltage regulator, battery, cooling and exhaust system. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A gasoline genset is a portable electric generator that burns gasoline to run and generate electricity. It is used for providing power to homes or commercial places where power outages are regular. The machine converts chemical energy into mechanical energy.
Asia-Pacific was the largest region in the gasoline gensets market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in gasoline genset report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of gasoline gensets are portable and stationary. A portable generator produces electricity by using gasoline, gas, or other fuels to turn an engine or appliance. The power ratings involved are <2kva, 2kva - 3.5 kva, 3.5kva - 5kva, 5kva - 6.5kva, 6.5kva - 8kva, and 8kva - 15kva which are in a single phase, and three phases used by residential, commercial, construction end users.
The growing demand for power supplies is expected to propel the growth of the gasoline gensets market going forward. The power supply is the amount of power that a battery or fuel source can supply to power a device. Gensets are utilized as backup power sources from construction sites to houses, generating electricity to power equipment such as domestic appliances and construction equipment. It helps to manage the power demand more economically. For instance, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the worldwide electricity demand will grow 3% per year from 2023-2025 as compared to the 2022 growth rate. Furthermore, according to Our World in Data, a scientific online publication for data, electricity demand in the United States was 4,090.5 TWh in 2020, which has now increased to 4,191.5 TWh in 2021. Therefore, the growing demand for power supply is driving the growth of the gasoline gensets market.
Product innovations are the key trend gaining popularity in the gasoline gen-sets market. Major players operating in the gasoline gen-sets market are focused on developing innovative solutions to gain a position in the market. For instance, in July 2022, Cummins Inc, a US-based corporation that designs, manufactures, and distributes engines, filtration, and power generation products, launched the C1250D6E and C1500D6E gen-sets, a centum series generator. The new Centum Series generators are designed with high-efficiency engines that fit in a smaller footprint to fulfil customers' power needs precisely. Centum Series generators offer the utmost flexibility, marking a substantial change in Cummins' approach to power system design. Both generator sets are powered by the Cummins QSK38 engine, a 12-cylinder vee-configuration diesel with bore and stroke dimensions of 159 x 159 mm and an overall displacement of 37.8 L, with ratings of 1250 and 1500 kW standby and 1136 kW and 1364 kW prime/data center continuous, both at 60 Hz. Cummins QSK38 engines with over 2200 hp are installed in the C1250D6E and C1500D6E, housed in a unique 38 L platform.
In July 2022, Sterling Generators Pvt Ltd (SGPL), an India-based genset manufacturing company partnered with Moteurs Baudouin. The partnership accelerated the growth of both companies in the auxiliary power product portfolio. Moteurs Baudouin is a France-based manufacturer of power generation diesel and gas engines.
The countries covered in the gasoline gensets market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The gasoline gensets market research report is one of a series of new reports from The Business Research Company that provides gasoline gensets market statistics, including gasoline gensets industry global market size, regional shares, competitors with gasoline gensets market share, detailed gasoline gensets market segments, market trends, and opportunities, and any further data you may need to thrive in the gasoline gensets industry. This gasoline gensets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Gasoline Gensets Market Characteristics
3. Gasoline Gensets Market Trends And Strategies
4. Gasoline Gensets Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Gasoline Gensets Market
- 4.2. Ukraine-Russia War Impact On Gasoline Gensets Market
- 4.3. Impact Of High Inflation On Gasoline Gensets Market
5. Gasoline Gensets Market Size And Growth
- 5.1. Global Gasoline Gensets Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Gasoline Gensets Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Gasoline Gensets Market Segmentation
- 6.1. Global Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Portable
- Stationary
- 6.2. Global Gasoline Gensets Market, Segmentation By Power Rating, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- <2KVA
- 2KVA - 3.5 KVA
- 3.5KVA - 5KVA
- 5KVA - 6.5KVA
- 6.5KVA - 8KVA
- 8KVA - 15KVA
- 6.3. Global Gasoline Gensets Market, Segmentation By Phase, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Single phase
- Three phase
- 6.4. Global Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Residential
- Commercial
- Construction
7. Gasoline Gensets Market Regional And Country Analysis
- 7.1. Global Gasoline Gensets Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Gasoline Gensets Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Gasoline Gensets Market
- 8.1. Asia-Pacific Gasoline Gensets Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Gasoline Gensets Market
- 9.1. China Gasoline Gensets Market Overview
- 9.2. China Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Gasoline Gensets Market
- 10.1. India Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Gasoline Gensets Market
- 11.1. Japan Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Gasoline Gensets Market
- 12.1. Australia Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Gasoline Gensets Market
- 13.1. Indonesia Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Gasoline Gensets Market
- 14.1. South Korea Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Gasoline Gensets Market
- 15.1. Western Europe Gasoline Gensets Market Overview
- 15.2. Western Europe Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Gasoline Gensets Market
- 16.1. UK Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Gasoline Gensets Market
- 17.1. Germany Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Gasoline Gensets Market
- 18.1. France Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Gasoline Gensets Market
- 19.1. Eastern Europe Gasoline Gensets Market Overview
- 19.2. Eastern Europe Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Gasoline Gensets Market
- 20.1. Russia Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Gasoline Gensets Market
- 21.1. North America Gasoline Gensets Market Overview
- 21.2. North America Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Gasoline Gensets Market
- 22.1. USA Gasoline Gensets Market Overview
- 22.2. USA Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Gasoline Gensets Market
- 23.1. South America Gasoline Gensets Market Overview
- 23.2. South America Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Gasoline Gensets Market
- 24.1. Brazil Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Gasoline Gensets Market
- 25.1. Middle East Gasoline Gensets Market Overview
- 25.2. Middle East Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Gasoline Gensets Market
- 26.1. Africa Gasoline Gensets Market Overview
- 26.2. Africa Gasoline Gensets Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Gasoline Gensets Market, Segmentation By End user, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Gasoline Gensets Market Competitive Landscape And Company Profiles
- 27.1. Gasoline Gensets Market Competitive Landscape
- 27.2. Gasoline Gensets Market Company Profiles
- 27.2.1. Cummins Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Caterpillar Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Yamaha Motor Co. Ltd.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Siemens AG
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Briggs & Stratton Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Gasoline Gensets Market
29. Gasoline Gensets Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer