Stratview Research has published a new report titled “Gasoline Gensets Market” which is segmented 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).
As per the study, gasoline Gensets Market is likely to witness a CAGR of 5.5% during the forecast period. 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.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Based on the power rating type, the market is segmented as <2kVA, 2-3.5 kVA, 3.5-5 kVA, 5-6.5 kVA, 6.5-8 kVA, and 8-15 kVA. 3.5-5 kVA is estimated to witness significant growth in the market during the forecast period on account of growing demand for power supply as a result of increasing end-user participation in recreational activities.
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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen 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.
Key questions answered by the report
- What is the projected CAGR for revenue from the Gasoline Gensets Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Gasoline Gensets Market?
- Which are the major market players?
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