The gasoline gensets market is poised for significant growth over the next seven years, driven by increasing demand for reliable backup power sources, especially in regions prone to power outages. The market's expansion is further supported by ongoing infrastructure development and the need for consistent power supply in various sectors. This report provides an in-depth analysis of the market trends, drivers, challenges, and projections from 2025 to 2032.
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The gasoline gensets market has experienced strong growth in recent years due to factors such as inadequate power supply, frequent power interruptions, and evolving consumer preferences. As of 2024, the market size varies significantly across reports, with some indicating a value around $3.71 billion and others suggesting much higher figures5. However, for the purpose of this analysis, we will focus on a more conservative estimate and growth pattern.
Current Market Size (2025): Estimated to be around $3.95 billion.
Projected Market Size (2032): Expected to reach approximately $5.07 billion by 20293, but for the period up to 2032, the market could potentially reach higher values based on the growth trends.
CAGR (2025-2032): The compound annual growth rate (CAGR) is projected to be around 6.5%, aligning with the forecasted growth from 2024 to 2029.
Increasing Demand for Reliable Power: The need for backup power sources is rising, especially in areas with frequent power outages. This demand is driven by both residential and commercial sectors where uninterrupted power supply is crucial.
Infrastructure Development: Ongoing construction and infrastructure projects in emerging economies require portable and dependable power sources, contributing to market growth.
Technological Advancements: Improvements in engine technology have led to more fuel-efficient and environmentally friendly models, enhancing their appeal among consumers.
Natural Disasters and Emergency Preparedness: The growing prevalence of natural disasters has increased the demand for emergency preparedness measures, including backup power solutions
Environmental and Emission Regulations: Stricter environmental regulations may impact the market as consumers shift towards cleaner power sources.
Competition from Alternative Power Sources: The rise of renewable energy sources and other power backup options could challenge the growth of gasoline gensets.
By Type: Portable (inverter gasoline gensets, conventional portable gensets) and stationary (standby gasoline gensets, prime power gasoline gensets).
By Power Rating: Below 2 kW, 2 kW - 3.5 kW, and above.
By Application: Residential, commercial, and industrial.
Asia Pacific: Expected to surpass USD 7 billion by 2032, driven by multi-family residential and commercial facilities, ongoing electrification programs, and robust expansion in the telecom sector.
North America: Growth will be influenced by the construction sector and rising infrastructure investments, along with environmental and emission regulations.
Europe and Other Regions: Growth will be moderate, influenced by local infrastructure development and power reliability needs.